Housing starts slow to 1.14M rate in August, reflecting recovery pains

Limited lot availability, high labor costs and new regulations are among the factors keeping housing inventory low.

By Hallie Busta • Sept. 20, 2016

Builder confidence jumps 6 points to highest level in nearly a year

The NAHB pointed to tight inventory conditions and strong demand from potential buyers as the drivers behind September's strong HMI score.

By Emily Peiffer • Sept. 19, 2016

HomeUnion: Tampa, FL, tops housing investment 'power rankings'

The real estate investment company compared housing metrics in a football-inspired list of the top U.S. residential rental markets.

By Kim Slowey • Sept. 19, 2016

ABC: Construction material prices fall 0.2% — helping to 'moderate growth' in overall costs

Declining prices in the energy sector and the strengthening U.S. dollar largely contributed to August's dip.

By Emily Peiffer • Sept. 15, 2016

Dodge Momentum Index continues steady climb with 1.3% August bump

In contrast to other reports, Dodge found that neither a sluggish economy nor uncertainty around the upcoming elections seems to be holding developers back from planning large projects.

By Kim Slowey • Sept. 12, 2016

CoreLogic: Home prices increase 1.1% in July

CoreLogic Chief Economist Dr. Frank Nothaft said low mortgage rates and solid job growth will keep pushing prices higher.

By Kim Slowey • Sept. 6, 2016

Caterpillar announces new round of layoffs

These most recent workforce reductions are in addition to the 10,000 outlined in Caterpillar's $1.5 billion savings initiative.

By Kim Slowey • Sept. 6, 2016

Construction industry loses 6K jobs after companies drained the skilled labor pool

Between April and August, the construction industry lost 25,000 net jobs after adding 68,000 between January and March.

By Emily Peiffer • Sept. 2, 2016

Zillow: Confident sellers, uneasy buyers creating 'imbalance' in housing market

Sellers are feeling more optimistic due to rising prices, but many buyers are discouraged by market conditions.

By Kim Slowey • Sept. 2, 2016

Construction spending holds steady in July as nonresidential sector hits all-time high

Stronger spending growth was once again held back by the public sector, which has seen an ongoing pattern of declines. 

By Emily Peiffer • Sept. 1, 2016

3 key takeaways from the latest housing market reports

With new home sales ramping up and existing sales leveling out, residential experts say the market is evolving in its "natural state."

By Emily Peiffer • Sept. 1, 2016

The lingering labor shortage: 69% of construction firms struggling to fill hourly craft positions

The ongoing worker shortage continues to have a negative impact on the industry and the broader U.S. economy, according to the AGC.

By Emily Peiffer • Aug. 31, 2016

NAR: Pending home sales jump 1.3% with 'more home shoppers having success'

However, economists have warned once again that limited inventory is hindering stronger growth in the residential market.

By Emily Peiffer • Aug. 31, 2016

S&P/Case-Shiller: Home price growth slows in June with 5.1% year-over-year gain

Month-to-month price movement suggests that extreme price hikes might be easing in many major housing markets, including San Francisco.

By Kim Slowey • Aug. 31, 2016

Zillow: July marks 48th consecutive month of home value gains

Although values have increased consistently since 2012, they are still 4.7% below their April 2007 peak.

By Kim Slowey • Aug. 29, 2016

20 hottest housing markets in August

Realtor.com reported that this month has seen the fastest sales rate in 10 years.

By Kim Slowey • Aug. 26, 2016

Affordability tops the list of homebuyer concerns — especially with millennials

In Redfin's survey of first-time buyers, rising rental rates were the primary driver behind their decision to make the jump from renting to owning.

By Kim Slowey • Aug. 26, 2016

Existing home sales tumble 3% as tight inventory is 'stifling the efforts' of potential buyers

NAR officials said last month's unexpectedly steep drop in sales affirms their warnings of low inventory hindering growth in the market.

By Emily Peiffer • Aug. 24, 2016

July new home sales skyrocket to highest level in nearly 9 years

The 12.4% surge last month signals that there will be "sustained momentum" from buyers, as housing reports this month have been unexpectedly strong.

By Emily Peiffer • Aug. 23, 2016

Dodge Data: Construction starts down 2% in July with plunge in electric utility sector

Public works and electric utilities have "skewed" the year-to-date figures, despite a respectable showing in the nonresidential and residential sectors.

By Kim Slowey • Aug. 22, 2016

AGC: Only 23 states add jobs in July as labor shortage rages on

Last month's job numbers indicate that companies in booming areas are struggling to find workers, while firms in other areas are having difficulty simply finding work.

By Kim Slowey • Aug. 22, 2016

Cooling Miami luxury condo market stalls Related Group project

Presales for the 298-unit building have not yet reached the company's target of two-thirds, a level that would normally trigger a construction go-ahead.

By Kim Slowey • Aug. 19, 2016

Commercial, institutional sectors drag nonresidential construction starts down 5.4%

July's dip in starts defied the traditional pattern of a slight gain before the seasonal slowdown starting in August.

By Kim Slowey • Aug. 19, 2016

ABC: Construction industry contributed nearly 4% to 2015 GDP

The building industry in 30 states saw increased contributions to total gross domestic product last year, while six states saw declines.

By Kim Slowey • Aug. 18, 2016

Architectural billings decline as election uncertainty creates 'higher levels of volatility' in the industry

The AIA expects builders and developers to put more projects on hold until after the November election.

By Emily Peiffer • Aug. 17, 2016