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Opinion: The “profitless boom” in residential construction

Housing Wire

The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Builders are having to delay project start times, resulting in cost blowouts and developments not being completed. Be cautious when signing fixed-price contracts.

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Opinion: Don’t let red tape strangle city development

Housing Wire

I grew up in Houston, and I’ve seen the benefits and the pitfalls of real estate development in perhaps the most lightly regulated city in the United States — a place where developers don’t fret about complex building regulations, because such regulations simply don’t exist. The results are uneven, but can be inspiring.

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Promoting Construction Safety with GoFormz

GoForrmz

How digital forms are transforming the construction safety space As we celebrate Construction Safety Week, it's important to recognize how technology is reshaping how construction companies approach safety. GoFormz's software for construction provides a user-friendly and scalable solution for construction companies.

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New home sales continue to climb in 2023

Housing Wire

Census Bureau and the Department of Housing and Urban Development (HUD) on Friday. January marked a surge of people signing contracts to buy new homes. The backlog of new construction homes continues to emerge into the market just in time for the spring shopping season,” Nicole Bachaud, Zillow ’s senior economist, said in a statement.

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Single-Family Housing Contraction Continues in October

Eyes on Housing

Elevated mortgage rates, high construction costs for concrete and other building materials, and weakening demand stemming from deteriorating affordability conditions continue to act as a drag on single-family housing production. Department of Housing and Urban Development and. Overall housing starts decreased 4.2% Read More ›

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Cherokee Nation engages in HUD housing program for skilled workers

Housing Wire

Department of Housing and Urban Development (HUD) program designed to allow for the construction of rental housing units is getting a new participant: the Cherokee Nation. They are one of the first tribes to be approved for the program, according to the announcement. The program’s initial roll-out will take place in Ochelata, Okla.

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Residential AD&C Loan Volume Contracts During 4Q23

Eyes on Housing

The volume of total outstanding acquisition, development and construction (AD&C) loans posted a decline during the fourth quarter of 2023 as interest rates increased and financial conditions tightened. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions.