Economy: Page 60
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Rapid home-price growth tapers in the West, heads south
Markets in Texas, Tennessee and Florida, in particular, are seeing steady price hikes while former hot spots in California are getting some relief, according to Zillow.
By Sean Barry • Feb. 24, 2017 -
Builder optimism in multifamily continues as market cools
Builders are bullish on the segment’s fundamentals as many of the country's largest markets report saturation in the category.
By Sean Barry • Feb. 24, 2017 -
CA leads top housing markets in February
Dallas, Denver and Colorado Springs, CO, were the only non-Golden State cities in the top 10 of Realtor.com's monthly ranking of the hottest U.S. housing markets.
By Sean Barry • Feb. 24, 2017 -
NAR: Steady growth ahead for commercial real estate in 2017
The demand for office space in smaller markets will likely play a significant role in activity this year.
By Kim Slowey • Feb. 24, 2017 -
NYBC: Value of NYC construction starts plunged 22% in 2016
The drop was due almost entirely to an $8 billion year-over-year decline in residential starts.
By Kim Slowey • Feb. 24, 2017 -
Sekisui House grows US footprint with Woodside Homes acquisition
Japanese homebuilders are increasing their presence in the U.S. as a population contraction in Japan weakens the demand pipeline.
By Sean Barry • Feb. 23, 2017 -
Mattamy Homes to exit MN housing market
The Toronto-based builder sold most of its assets in the state to CalAtlantic Homes and M/I Homes, both strong players in the Midwest housing market.
By Sean Barry • Feb. 23, 2017 -
Dodge Data: Construction starts climb 12% in January
The institutional sector took the lead last month, driven primarily by airport terminal construction.
By Kim Slowey • Feb. 23, 2017 -
January existing-home sales post strongest pace in a decade
The category started the year at a level not seen since February 2007 as hiring and consumer confidence remains robust.
By Mary Tyler March • Feb. 22, 2017 -
New Orleans mulls mandatory affordable housing requirement
The Smart Housing Mix program would loosen density rules, reduce parking requirements and afford tax breaks to encourage developers to add affordable units.
By Sean Barry • Feb. 22, 2017 -
Architecture billings start 2017 on a down note
January marked the first month of decreased demand for design services since September, coming on the heels of 2016's highest score in December.
By Mary Tyler March • Feb. 22, 2017 -
Banks back off multifamily financing as apartment market cools
News that major lenders are getting cold feet indicates a softening in the apartments category as supply, particularly at the high end of the market, outpaces demand.
By Sean Barry • Feb. 22, 2017 -
Toll Brothers leads Fortune list of most-admired builders
The homebuilder topped the list for the second-straight year and was joined by Lennar, D.R. Horton, CalAtlantic Group and NVR.
By Sean Barry • Feb. 22, 2017 -
Caldwell Companies launches luxury active-adult homes unit
The Texas builder is among the latest to target the category amid forecasts of growth in the coming years as baby boomers seek options when downsizing.
By Sean Barry • Feb. 22, 2017 -
TX home prices, sales reach record highs in 2016
Population and job growth helped buoy the market against a broader economic slowdown in the state during the year, but housing affordability remains a concern.
By Sean Barry • Feb. 22, 2017 -
Mortgage payments' share of monthly income hits 10-year high
The cut of earnings required to purchase a home is on the rise due to home-value appreciation and rising mortgage rates, according to Zillow.
By Sean Barry • Feb. 21, 2017 -
Deep Dive
The great Chicago hire: Why companies are flooding into the Windy City
The Midwest city has seen a wave of firms choosing to relocate there in order to tap into the area's talent pool, culture and global access.
By Kim Slowey • Feb. 21, 2017 -
Legalizing basement conversions could ease NYC's housing squeeze
A study from the Citizens Housing and Planning Council identified up to 38,000 units that could be made available without changing the city's Zoning Resolution.
By Sean Barry • Feb. 21, 2017 -
NAHB: Single-family footprints shrink as recovery picks up
Despite a slight uptick in square footage during the fourth quarter, new home sizes are trending smaller as builders eye entry-level demand.
By Sean Barry • Feb. 21, 2017 -
Report: Investor interest drives up home values in environmental hazard areas
Roughly 17.3 million single-family homes and condos are vulnerable to risk factors such as superfunds, brownfields, polluters and poor air quality.
By Sean Barry • Feb. 17, 2017 -
Gap grows between homes that buyers can afford and those for sale
A new index from the National Association of Realtors and Realtor.com looks beyond the average buyer as a measure of housing affordability.
By Sean Barry • Feb. 17, 2017 -
Housing affordability hits eight-year low in Q4 2016
Price gains, labor shortages and rising mortgage rates added pressure, per the National Association of Home Builders/Wells Fargo Housing Opportunity Index.
By Sean Barry • Feb. 17, 2017 -
Housing starts fall back in January on multifamily volatility
An uptick in single-family construction and new permit authorizations is a promising sign that inventory is coming online in some, but not all, of the tightest markets.
By Mary Tyler March • Feb. 16, 2017 -
Los Angeles earmarks $37M for affordable housing construction
While the city sees a pickup in high-end residential and commercial building activity, its low- and middle-income housing supply needs a boost.
By Sean Barry • Feb. 16, 2017 -
A saturated rental market could spell a slowdown for Chicago
As a strong job market drives demand for apartments in the city's downtown, developers are contending with an oversupply of inventory in some areas.
By Sean Barry • Feb. 16, 2017