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New Constructions Tumble, Surprising Analysts

RIS Media

One month after the biggest surge in housing starts in the last couple years, new constructions fell sharply, disappointing analysts and blunting hopes of a long-term rally by builders. Starts fell 8% in June, after rising over 21% in May, with new permits down 3.7%

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Pros and Cons of New-Construction Homes

RIS Media

In pursuing their dream home, many homebuyers choose between purchasing an existing property or building a new construction home from scratch. Those considering new construction will often look at the houses that are the cheapest to build.…

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High Mortgage Rates Impact New Construction: Builders Pull Back

Marco Santarelli

In March, the pace of new construction witnessed a substantial slowdown, evidenced by a 14.7% Additionally, permits for new construction plummeted by 4.3%, indicating a reluctance among builders to initiate new projects amidst the prevailing market conditions.

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Zonda announces major business acquisition

Housing Wire

Zonda , one of the leading data providers in the homebuilding industry, has acquired Builders Digital Experience (BDX), the company announced on Wednesday. By extension, Zonda also acquired NewHomeSource.com , one of the largest listings platforms for newly constructed homes, and Envision , a new home design platform.

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Team of rivals: Zillow, Redfin unite to share new construction listings

Inman

New construction listings on Zillow will now automatically be syndicated to Redfin. The companies believe the partnership will extend the reach of the homebuilders' listings while aiding consumers.

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Opinion: Covid helps green the building industry

Housing Wire

The physical separation can be achieved through architectural design solutions for new construction or remodeling and creative space-planning ideas for previously established home layouts. These trends have accelerated thanks to the COVID-19 pandemic, driving rapid adoption and diffusion of new technology.

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New Construction Rebounds With 3.9% Jump in July

RIS Media

After a surprising decline in housing starts that perplexed pundits earlier in the summer, new construction ticked up last month, according to the latest new residential construction data from the U.S. Buoyed… The post New Construction Rebounds With 3.9% Census Bureau. Total housing starts enjoyed a 3.9%