Tight supply drives existing-home sales down in April

A shortage of available listings, particularly in the entry-level and mid-market categories, will likely continue to bring down sales figures in the coming months.

By Mary Tyler March • May 24, 2017

Historical permit data reveals depth of inventory crunch

While the housing industry is returning to normal based on many economic indicators, permit authorizations still lag, though relief may be ahead.

By Katy Tomasulo • May 24, 2017

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Labor

A roundup of articles about issues affecting the workforce.

By Construction Dive staff

Architecture billings stay in positive territory for third-straight month

New project inquiries and design contracts both climbed in April despite the overall index slipping from 54.3 in March to 50.9 for the month.

By Mary Tyler March • May 24, 2017

Trump's 2018 budget offers more details on HUD cuts

The proposed full budget eliminates funding for the Housing Trust Fund, which uses set-asides from GSE lending activity to fund low-income housing.

By Hallie Busta • May 23, 2017

New-home sales fall back in April

Sales in the category came in well below analyst predictions, but supply levels are turning up as builders race to meet demand.

By Mary Tyler March • May 23, 2017

Multigenerational households more likely to remodel

Households with a generation older than the head tend to spend the most on such work, with recent growth in aging-in-place renovation work one likely driver.

By Mary Tyler March • May 23, 2017

Search for housing affordability drives growth in the suburbs

Developers are meeting millennials in the middle by offering communities in outlying areas with amenities and other services in a walkable distance.

By Katy Tomasulo • May 23, 2017

Where trading up homes is the toughest

From Florida to Hawaii, rising home prices and limited supply have some owners unsure of their ability to afford a new home after selling their current one.

By Katy Tomasulo • May 23, 2017

21 states add construction jobs in April as labor shortage persists

The AGC continues to call upon U.S. lawmakers to pass legislation that funds career and technical education programs.

By Kim Slowey • May 23, 2017

Dodge Data: Construction starts tumble 13% in April

A drop-off in large nonbuilding projects drove the downturn in overall starts.

By Kim Slowey • May 22, 2017

Study: Tax reform could raise taxes on middle-class homeowners

The types of changes proposed by the presidential administration could result in an average tax increase of $815 for owners earning between $50,000 and $200,000.

By Mary Tyler March • May 22, 2017

NY Gov. Cuomo reveals $20B affordable housing plan

The program represents the largest investment in the development and preservation of affordable housing in New York's history.

By Mary Tyler March • May 22, 2017

Suburban rental rates rising faster than urban rents for the first time in 4 years

Hot metro areas are seeing the biggest impact after years of skyrocketing rates continue to gobble up more of renters' monthly incomes.

By Katy Tomasulo • May 22, 2017

Townhouse construction slows in Q1, still near 20-year high

Activity in the sector is expected to pick back up as prospective buyers in search of affordable, entry-level housing buck the tight single-family market.

By Mary Tyler March • May 19, 2017

NAR forecast: Housing starts on pace to reach 1.27M in 2017

Ongoing challenges continue to suppress single-family starts, including labor and lot shortages, and tight lending conditions.

By Katy Tomasulo • May 19, 2017

These US cities have the biggest cuts in rents, home prices

On a national basis, rental hikes are finally easing, with about one in 10 listings experiencing a rate cut year-over-year, according to a Trulia study.

By Katy Tomasulo • May 19, 2017

ConstructConnect lowers 2017 starts forecast due to weak Q1 activity

The group also cited the president's lack of movement regarding tax reform and infrastructure spending as another factor in the less-optimistic forecast.

By Kim Slowey • May 19, 2017

Homeowners spend $15K on average to prepare for sale

Staging, carpet cleaning, interior painting, lawn care and house cleaning were the five most popular home prep projects in a Zillow–​Thumbtack analysis.

By Mary Tyler March • May 19, 2017

Turner & Townsend: NYC has world's highest construction costs

The New York City construction industry spent $43 billion in 2016, which represents a 3.5% increase from 2015 and is largely due to rising labor costs.

By Kim Slowey • May 18, 2017

Household debt returns to pre-crash heights

The share of student loan debt keeps climbing, challenging millennials as high debt levels and suppressed wages can mean lengthy payoff timelines.

By Katy Tomasulo • May 18, 2017

Taylor Morrison consumer survey shows changing homeownership ideals

More than half of homebuyers surveyed said they plan to change homes throughout their lifetime as their lifestyle needs change, the report found.

By Mary Tyler March • May 18, 2017

New-home sizes continue to contract as entry-level demand grows

The trajectory is a shift from the immediate post-recession trend of builders putting up larger homes as they focused on the luxury segment.

By Mary Tyler March • May 18, 2017

Denver had a 1-month supply of for-sale homes in April

Those homes sold in an average of 22 days last month, compared to 57 days nationwide, as price growth stresses historically affordable markets.

By Katy Tomasulo • May 18, 2017

ConstructConnect: Nonresidential starts fall 7.2% in April

The commercial and industrial sectors were hit the hardest, with project values plummeting 35.4% and 72% month-over-month, respectively.

By Kim Slowey • May 17, 2017

CA housing affordability improves slightly in Q1

A state-wide inventory shortage and rising interest rates are slowing home-sales activity as median-priced homes become affordable to more potential buyers.

By Katy Tomasulo • May 17, 2017