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

NAHB: Builder optimism declines for second-straight month

Despite a dip in current and future sales expectations, along with buyer traffic, economists say builder optimism is returning to normal levels.

By Mary Tyler March • Feb. 15, 2017

The 50 States of Construction: How the IL market is thriving amid turmoil

Leopardo's Mark Yanik explores the factors contributing to — and ramifications of — the state's surprisingly strong construction industry.

By Emily Peiffer • Feb. 15, 2017

Zillow: A buyer's market expected nationwide by 2019

Forecasts of a slowdown in home-price appreciation could ease the frenetic pace of sales activity in the country's hottest — and priciest — markets.

By Sean Barry • Feb. 15, 2017

Despite fewer mobility barriers, millennials are staying put

The number of 25- to 35-year-olds who said they lived at a different address a year ago has fallen as moving activity among Americans reaches an all-time low.

By Sean Barry • Feb. 15, 2017

ABC: Construction material prices rise for second-consecutive month

Energy prices once again played a key role in overall price gains in December.

By Mary Tyler March • Feb. 14, 2017

LG kicks off $300M NJ headquarters project

The electronics giant will pursue LEED Gold certification for the 350,000-square-foot building and expects to employ 2,000 construction workers between now and 2019.

By Kim Slowey • Feb. 14, 2017

Northeast Denver tops list of leading US suburbs for housing activity

Cities making the list are located outside of thriving urban cores and saw more than double the household growth in the last seven years as neighborhoods elsewhere.

By Sean Barry • Feb. 14, 2017

NYC mayor announces another affordable housing push

The city will reserve $1.9 billion to bring 10,000 affordable housing units online as part of Mayor Bill de Blasio's pledge to add or update 200,000 units in a decade.

By Sean Barry • Feb. 14, 2017

Las Vegas gears up for 1,000 downtown apartment units

Away from the lights of the Las Vegas Strip, officials are attempting to breathe life back into the city’s downtown, but growth will likely be gradual.

By Sean Barry • Feb. 14, 2017

Post recession, low-credit borrowers opt out of mortgages

A new report from the Urban Institute found mortgage approval rates overall are decreasing because fewer borrowers with less-than-perfect credit are signing up.

By Sean Barry • Feb. 14, 2017

Report: People with kids and a mortgage have a harder time saving

Meanwhile, more than one-third of homeowners overall said mortgages are a significant drain on their savings capacity.

By Sean Barry • Feb. 13, 2017

Report: When lower home prices could be a sign of recovery

Two economists posit that fewer land-use regulations could reshape the home-price paradigm by adding new supply and improving mobility, thus boosting GDP.

By Sean Barry • Feb. 13, 2017

Rising mortgage rates to shape housing activity in 2017

Tight inventory and the evolving housing needs of baby boomers will also be drivers, according to Zillow's quarterly Home Price Expectations Survey.

By Sean Barry • Feb. 13, 2017

More young, unmarried couples buying homes together

Economists credit the trend to rising home prices making housing unaffordable on single incomes.

By Sean Barry • Feb. 10, 2017

Canada gears up softwood lumber lobby amid trade questions

The move comes as the U.S. investigates dumping allegations, the results of which could mean higher duties for Canadian producers.

By Sean Barry • Feb. 10, 2017

Report: Small homes appreciate faster than large ones

The influx of young, first-time buyers seeking homeownership opportunities with a low cost to entry is triggering demand for reduced footprints.

By Sean Barry • Feb. 10, 2017

BlackRock readies for $2.5B global infrastructure spend in 2017

The investment management firm said it won't commit to U.S. infrastructure until there are more details revealed for President Trump's $1 trillion plan.

By Kim Slowey • Feb. 10, 2017

Strong housing demand fuels peak price appreciation in Q4

Meanwhile, builders are struggling to get units in the ground fast enough in many markets, according to the National Association of Realtors.

By Sean Barry • Feb. 10, 2017

Renters, owners show similar 'NIMBY' behavior in high-rent markets

In the most expensive housing markets, both renters and homeowners are likely to push back on residential development planned near where they live.

By Sean Barry • Feb. 9, 2017

Gap grows between supply of and demand for entry-level homes

Lower-priced inventory isn't coming online fast enough to meet demand.

By Sean Barry • Feb. 9, 2017

Confidence in the housing market returns in January

Government-backed lender Fannie Mae's Home Purchase Sentiment Index reversed a five-month slide with a two-percentage-point gain for the month.

By Sean Barry • Feb. 9, 2017

Report: Top US metros saw strong growth in 2016 commercial, multifamily starts

While New York City starts were down around 15%, other major metros made up the difference with a 33% increase.

By Kim Slowey • Feb. 9, 2017

Mortenson predicts nonresidential construction costs will rise up to 4.5% in 2017

The company's Construction Cost Index tracks price activity and industry employment in six U.S. metro areas.

By Kim Slowey • Feb. 9, 2017

Report: Baby boomers worry often about housing affordability

Home-price pressures are being felt across demographic lines as lower-cost inventory fails to keep up with demand.

By Sean Barry • Feb. 9, 2017