Economy: Page 53
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Existing-home sales swing back in March to fastest pace in more than a decade
Unless inventory conditions improve, the price increases that have defined the last few years are expected to continue.
By Mary Tyler March • April 21, 2017 -
US rent growth hit 5-year low in March
Even with the tapering in most markets, monthly payments remain high and continue to be a barrier for households looking to own their homes.
By Mary Tyler March • April 21, 2017 -
Tri Pointe makes big moves at 6 Southern CA communities
The plan covers nearly 8,000 homes, most of which have yet to be built, at a time when the state's housing inventory is in short supply.
By Katy Tomasulo • April 21, 2017 -
D.R. Horton raises revenue, home sales forecasts after strong Q2
The national builder is targeting double-digit annual growth in revenues and pre-tax profits while maintaining positive operating cash flows and returns.
By Katy Tomasulo • April 21, 2017 -
Remodeling activity strong in Q1 with mixed growth projections
Recent market reports suggest that home-improvement professionals are optimistic about activity ahead, though growth could taper somewhat.
By Mary Tyler March • April 21, 2017 -
Majority of young adults not interested in construction trades
A recent survey by the National Association of Home Builders highlights the industry’s ongoing struggle to recruit and retain workers.
By Mary Tyler March • April 20, 2017 -
CA state senator: More market-rate housing critical to fixing state's affordability woes
California State Sen. Scott Wiener says the state doesn't have the resources to produce only affordable inventory to close its 100,000-unit annual housing gap.
By Katy Tomasulo • April 20, 2017 -
ConstructConnect: March nonresidential starts surge 18%
The strong showing last month soared past the average February-to-March bump.
By Kim Slowey • April 20, 2017 -
Report: VT leads US states in sustainability
The Green Mountain State is home to the country's first all-renewable city, Burlington, which has been followed by other cities nationwide doing the same.
By Katy Tomasulo • April 20, 2017 -
Architecture billings continue rebound in March
The index started out the year in negative territory but quickly rallied on the strength of an active spring season.
By Hallie Busta • April 19, 2017 -
2017 on pace to be fastest-selling year on record
The average home in March went under contract in 49 days, compared to 60 days the year before, according to Redfin.
By Mary Tyler March • April 19, 2017 -
Report: More subs looking to distributors for siding products
For companies serving this market, most sales today come from small contractors targeting local and regional markets.
By Mary Tyler March • April 19, 2017 -
Housing starts fall back, permits forge ahead in March
Despite declines in single- and multifamily starts, an uptick in building permit authorizations could be a boon for future construction.
By Mary Tyler March • April 18, 2017 -
Deep Dive
The construction lending challenge: Why winning projects have to 'check all the boxes'
As banks tighten their purse strings, developers must prove their projects can succeed — or find an alternative lending route.
By Kim Slowey • April 18, 2017 -
Lumber price growth continues amid US–Canada trade deal uncertainty
The International Trade Commission is expected to announce its ruling on countervailing duties for Canadian softwood imports next week.
By Katy Tomasulo • April 18, 2017 -
MO city council puts 90-day hold on shipping container projects
Shipping containers are growing in popularity for residential construction and secondary-use buildings, causing municipalities to consider them in local codes.
By Mary Tyler March • April 18, 2017 -
Builder optimism dips in April as post-election outlook moderates
A three-point drop in the National Association of Home Builders/Wells Fargo Housing Market Index could indicate a leveling off in market outlook.
By Mary Tyler March • April 17, 2017 -
Small banks hold majority of residential construction loans
Banks with assets between $100 million and $1 billion have the largest share of residential construction loans relative to their total assets.
By Katy Tomasulo • April 17, 2017 -
Builders, remodelers confident despite labor, inventory woes
Architects, too, are optimistic again after a cautious 2016, according to the Houzz Renovation Barometer for the first quarter of 2017.
By Katy Tomasulo • April 17, 2017 -
Substandard housing contributes to poor mental, physical health
More than 30 million housing units in the U.S. have major physical or health hazards, per a report from the Urban Institute exploring ways to battle blight.
By Mary Tyler March • April 17, 2017 -
Related Group cancels Miami luxury condo project
The developer's decision to axe the Auberge Residences is another sign that the area's luxury condo market could be slowing down.
By Kim Slowey • April 17, 2017 -
Construction material prices rise for fourth-consecutive month
Price growth slowed slightly, likely due to deflating confidence in the economy and speculation about a potential delay of President Donald Trump's infrastructure plan.
By Mary Tyler March • April 13, 2017 -
Builders to benefit from targeting immigrant homebuyers
Newcomers to the U.S. continue to play a key role in the housing market’s recovery from the recession, says a new report from the Urban Land Institute.
By Mary Tyler March • April 13, 2017 -
Century Communities, UCP to merge in $336M deal
Expect growth in homebuilding M&A activity this year as builders seek to tap new market segments, such as entry-level, and their access to capital improves.
By Katy Tomasulo • April 13, 2017 -
Down payments still a barrier for renters looking to own
As home prices rise, lenders are responding to many renters’ inability to put the conventional 20% down with loan products that let them pay less up front.
By Mary Tyler March • April 13, 2017
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