Housing starts surge 2% in July to highest level in 5 months

Single-family and multifamily construction increased last month, as July starts far surpassed economist predictions.

By Emily Peiffer • Aug. 16, 2016

Housing advocates looking to next president to accelerate residential recovery

Some industry experts told The Hill that the Obama administration has not done enough to allow for a full recovery from the housing crash.

By Kim Slowey • Aug. 16, 2016

Builder confidence up 2 points as positive economic forces 'keep housing on an upward path'

The NAHB pointed to strong new home sales numbers and housing starts as the primary drivers behind the bump in optimism this month.

By Emily Peiffer • Aug. 15, 2016

ABC: Construction material prices stabilize after 4 months of increases

The unchanged figure in July comes as good news for construction firms that had been stymied by rising material and labor costs.

By Emily Peiffer • Aug. 12, 2016

Report: Apartment construction soars to 10-year high

Texas is dominating new construction in the apartment market, with four of its metros on pace to account for 22% of all units completed this year.

By Kim Slowey • Aug. 12, 2016

WSJ: 'Lopsided' housing recovery creating permanent renter class

Home prices rose again in Q2, pushing homeownership out of renters' reach and resulting in 200,000 to 300,000 fewer households buying a home each year.

By Kim Slowey • Aug. 11, 2016

Zillow: Midwest housing markets in store for migration surge as businesses look for cheaper locations

"Sooner or later workers will follow the jobs, providing an impulse to local housing markets," Zillow's chief economist said.

By Kim Slowey • Aug. 11, 2016

Equipment rental industry revenue on pace to reach $57B by 2020

Although the American Rental Association's 2016 revenue projections are slightly down, the ARA said the five-year forecast still represents steady growth.

By Kim Slowey • Aug. 11, 2016

Redfin: US luxury housing market sending mixed messages

The impacts of Brexit and Treasury Department investigations into money laundering and real estate could be playing into the lack of cohesiveness in the market.

By Kim Slowey • Aug. 9, 2016

UK construction industry braces for recession on heels of Brexit

Architects and construction firms are seeing a surge in project delays and resulting layoffs, as developers wait for the full impact of the Brexit decision to unfold.

By Kim Slowey • Aug. 9, 2016

10 best cities for renters to leap into homeownership

With the exception of Ogden, UT, all the metros on the NAR list are in the more affordable Southern and Midwestern markets.

By Kim Slowey • Aug. 8, 2016

Construction adds 14K jobs as employers boost wages, weekly hours amid labor shortage

July saw the lowest rate of construction unemployment since 2000 as "the shortage of experienced workers is growing ever more acute," the AGC said.

By Kim Slowey • Aug. 8, 2016

Dodge Momentum Index on the rise as construction planning makes 'uneven' progress

July marked the fourth consecutive month of increases in the Index — which was the first four-month streak since the end of 2014. 

By Emily Peiffer • Aug. 5, 2016

Report: Housing markets creeping back to normal in 'slow but steady' recovery

The Leading Markets Index found that 146 of the approximately 340 U.S. metro areas reached or surpassed their normal housing and economic levels last quarter.

By Emily Peiffer • Aug. 5, 2016

Commitment phobia? Fear of long-term decisions could be keeping millennials from homeownership

A NerdWallet survey found that 20% of millennials said hesitation to commit to their partner and a mortgage was a factor keeping them from buying a home.

By Emily Peiffer • Aug. 3, 2016

CoreLogic: Home prices rise 1% as low mortgage rates drive new purchases

However, prices are rising fastest in the lower end of the market — a trend that has kept many first-time buyers shut out of homeownership.

By Emily Peiffer • Aug. 2, 2016

Construction spending falls 0.6% — marking 3rd consecutive month of declines

June's spending results failed to meet expectations, but experts said they believe the industry will bounce back in the coming months.

By Emily Peiffer • Aug. 1, 2016

Zillow: Multifamily sector plagued by 'growing divide' as lower-end rents outpace overall market

This trend is driven by the lack of new construction of more affordable apartments, as developers focus on the luxury end.

By Emily Peiffer • Aug. 1, 2016

20 hottest housing markets in July

California metro areas once again dominated the Realtor.com list, and Dallas beat out Denver and San Francisco to clam the No. 2 spot.

By Kim Slowey • July 29, 2016

US homeownership rate sinks to lowest level since 1965

Experts have blamed millennials and the lack of affordable homes on the market for the low 62.9% rate in the second quarter.

By Emily Peiffer • July 28, 2016

Caterpillar warns of ongoing profit slide, additional job cuts amid weak global equipment demand

The construction equipment giant said low oil and mined commodity prices as well as instability caused by international events are constraining growth.

By Kim Slowey • July 28, 2016

NAHB survey: 82% of Americans believe homeownership is a good investment

However, 55% of respondents said they had trouble finding an affordable home, and 50% said they didn’t have enough money saved for a down payment.

By Kim Slowey • July 28, 2016

NAR: Pending home sales inch up; lack of inventory thwarts stronger housing market growth

The 0.2% gain was due largely to strong sales in the Northeast, where there are more properties available on the market.

By Emily Peiffer • July 27, 2016

AIA: Construction growth forecast more 'tempered' in 2016, 2017 amid economic challenges

The American Institute of Architects' Construction Consensus Forecast predicts the industrial sector will be the biggest drag on overall industry expansion.

By Kim Slowey • July 27, 2016

New home sales surge 3.5% in June to 8-year high

The gain was likely due to low mortgage rates and limited inventory of existing homes on the market.

By Emily Peiffer • July 26, 2016