Appraisal Buzz

JANUARY 17, 2022

Of course, the construction industry has been facing some pressing challenges, including hitches in global and national supply chains. This makes new home construction a continued challenge, even as demand exists to accelerate new housing. In 2022, construction companies will have to work hard to catch up with an overwhelmed market.

Construction 468

Construction Supply Chain Housing Market Appraisal 468

Housing Wire

NOVEMBER 10, 2022

In response, multifamily construction has skyrocketed over the last year, hitting a historic high of 841,000 units under construction nationwide in June of this year, according to research from the National Multifamily Housing Council and the National Apartment Association. Department of Housing and Urban Development.

Construction 428

Construction Mortgage Buyers Realtors 428

Eyes on Housing

MAY 18, 2023

Nonetheless, over the last four quarters, townhouse construction starts totaled a strong 141,000 homes, which is only 3% lower than the prior. Read More ›

Construction 160

Construction Design 160

Housing Wire

JUNE 3, 2022

After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. The post Residential construction jobs now 7.6%

Construction 452

Construction Real Estate Mortgage Renovations 452

Housing Wire

FEBRUARY 22, 2022

The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Tye Alroe, director of Alroe Constructions , was recently let down by a subcontractor who pulled out of a job at the last minute. “I I had a roofer locked in six weeks in advance.

Construction 406

Construction Contracts Supply Chain Marketing 406

Housing Wire

JULY 8, 2022

The construction sector, meanwhile, had only a slight gain, according to the U.S. But employment showed little change over the month in other major industries, including construction, retail trade, financial activities, government and other services. Job growth in the U.S. jobs report , released Friday. in June 2021. in May to $32.25

Construction 342

Construction Housing Market Mortgage Real Estate 342

Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. So far, housing construction has done well during 2020-2022 considering the economic drama. Today, the U.S.

Construction 463

Construction Mortgage Housing Market Inventory 463

Housing Wire

MAY 22, 2023

Housing demand has shifted more toward the new home market, Fannie Mae ’s Economic and Strategic Research (ESR) Group noted in its May economic outlook. “As such, housing demand has shifted further toward the new home market, bolstering builder optimism and the ESR Group’s single-family starts forecast,” the group said.

Construction 385

Construction Mortgage Inventory Housing Market 385

Housing Wire

AUGUST 18, 2020

New home construction continues to climb, as privately owned single-family housing starts in July were at a seasonally adjusted annual rate of 1.496 million, a 22.6% An acceleration in new construction was therefore expected in order to rebalance this relationship in light of continued buyer demand.”. Census Bureau. from last July.

Construction 545

Construction Inventory Mortgage Buyers 545

Housing Wire

OCTOBER 8, 2021

After losing 3,000 jobs in August , the construction sector added 22,000 jobs in September. However, construction employment is still 201,000 jobs below its February 2020 level. The average hourly earnings of production and non-supervisory employees in construction are up 5.8% below its pre-pandemic level.

Construction 438

Construction Mortgage Government Development 438

Eyes on Housing

APRIL 27, 2023

Despite a housing market slowdown but reflecting persistent long-term labor challenges, wages in construction continue to rise, often outpacing and exceeding typical earnings in other industries.

Construction 187

Construction Housing Market Marketing 187

Eyes on Housing

MARCH 9, 2023

The NAHB recently published its latest Cost of Construction Survey. of the average home sale price consisted of construction costs, essentially unchanged from the 61.1% Results show that 60.8% posted in 2019.

Construction 179

Construction 179

Eyes on Housing

MARCH 30, 2023

million) of workers employed in construction are self-employed. This is a whole percentage point higher than the share of self employed in construction in 2019, before the pandemic rattled the labor market. According to the 2021 American Community Survey (ACS), 23% (or close to 2.5

Construction 151

Construction Marketing 151

Housing Wire

NOVEMBER 5, 2021

For the second month in a row the construction sector added jobs, rising by 44,000 jobs in October. Unfortunately for the residential housing sector, most of these jobs were in nonresidential specialty trade contractors (19,000), and in heavy and civil engineering construction (12,000). Residential building is up 5.4%

Construction 334

Construction Mortgage Housing Market Buyers 334

Eyes on Housing

MAY 1, 2023

Private residential construction spending inched down 0.2% in March, as spending on single-family construction decreased 0.8%. Spending on private residential construction declined for the tenth month in a row amid elevated mortgage interest rates. Consequently, this spending is 10% lower compared to a year ago.

Construction 141

Construction Mortgage 141

GoForrmz

MAY 2, 2023

Prioritize safety without the burden of additional paperwork It’s officially Construction Safety Week, and it’s no secret that OSHA’s updated fine multiplier might be giving construction teams everywhere some additional motivation to keep safety top of mind. “ We saw an instant change in the quality of the data coming in. . ”

Construction 148

Construction Inspection Project Management Business 148

Eyes on Housing

MAY 9, 2023

According to the latest May 2022 Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of Home Builders (NAHB), half of payroll workers in construction earn more than $54,540 and the top 25% make at least $77,030. In comparison, the U.S. Read More ›

Construction 140

Construction 140

Housing Wire

DECEMBER 1, 2020

Since Q1, the market share for single-family construction in urban core areas fell from 18% to 17.2%, the report said. The report showed that single-family construction in second-home markets expanded at a 13.6% The report showed that single-family construction in second-home markets expanded at a 13.6% pace for other counties.

Construction 467

Construction Buyers Marketing Development 467

Housing Wire

NOVEMBER 18, 2020

Duncan noted the pace of new home sales over the past six months has accelerated more quickly than the construction pace, suggesting homebuilders will have to play catch up relative to sales going forward. The post Increase in housing starts has construction playing catch-up appeared first on HousingWire. million, up 0.6%

Construction 394

Construction Housing Market Mortgage Marketing 394

Eyes on Housing

APRIL 18, 2023

Bureau of Labor Statistics, the share of employed veterans working in the construction industry increased to 6.5% According to the latest Employment Situation of Veterans report released by the U.S. in 2022–the second consecutive annual increase. The share has climbed 0.6

Construction 148

Construction Business 148

Inman

APRIL 21, 2023

Zonda, a technology company that leverages extensive data resources to deliver enterprise software to commercial homebuilders, has released a front-end system for finding new-construction homes. The website is called Livabl.

Construction 165

Construction Marketing Technology 165

Appraisal Buzz

FEBRUARY 2, 2022

The post New Construction on the Rise appeared first on theMReport.com. The post New Construction on the Rise appeared first on Appraisal Buzz. The pool of newly built single-family homes on the market is at a record high, as builders try to keep up with surging homebuyer demand.

Construction 195

Construction Appraisal Marketing 195

Appraisal Buzz

SEPTEMBER 21, 2021

Residential construction numbers were a surprise again in August. Permits for construction and housing starts were both higher than expected, however, multifamily numbers were driving the results. The post Construction Numbers Pushed Higher by Multifamily Surge; Potentially Big Day Ahead For Rates appeared first on Appraisal Buzz.

Construction 370

Construction Appraisal 370

Eyes on Housing

SEPTEMBER 12, 2022

The number of women employed in the construction industry increased to over 1.24 million in 2021, as the construction industry was quickly recovering jobs lost earlier during the pandemic induced recession. Currently, women make up 11% of the construction workforce, up from 9.3%

Construction 203

Construction 203

Eyes on Housing

MAY 26, 2023

While mortgage rates were stabilizing in the first quarter of 2023, rates on loans for Acquisition, Development & Construction (AD&C) continued to climb, according to NAHB’s quarterly Survey on AD&C Financing.

Construction 93

Construction Development Mortgage Finance 93

Eyes on Housing

MAY 17, 2023

Single-family built-for-rent construction has cooled as investor interest has pulled back on tighter financial conditions. This is almost 7% lower than the first quarter of 2022.

Construction 127

Construction Investors Design 127

Appraisal Buzz

FEBRUARY 2, 2022

in December were new construction, up from 25.4% housing inventory over the last 10 years, with a significant increase in … The post New-Construction Homes Rise to Record High appeared first on DSNews. The post New-Construction Homes Rise to Record High appeared first on Appraisal Buzz.

Construction 195

Construction Appraisal Inventory 195

Eyes on Housing

MAY 19, 2022

Over the last four quarters, townhouse construction starts totaled 152,000 units, 25% higher than the prior four quarter total (122,000). Read More ›

Construction 203

Construction Design 203

Appraisal Buzz

JANUARY 11, 2022

While most appraisals only require a single field visit—and in some cases none—when it comes to appraising new construction, you may need to visit the property several times. The post Appraising New Construction: Guidance for Follow-Up Inspections appeared first on Appraisal Buzz.

Appraisal 195

Appraisal Inspection Construction 195

Eyes on Housing

JUNE 1, 2022

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs jumped to 449,000 unfilled positions in April. This is the highest measure in the history of the data series (going back to late 2000).

Construction 176

Construction Housing Market Marketing 176

Appraisal Buzz

DECEMBER 16, 2021

The post Home Construction Stunted by Supply Chain Issues appeared first on DSNews. The post Home Construction Stunted by Supply Chain Issues appeared first on Appraisal Buzz. Housing starts may be on the rise, but supply bottlenecks and labor scarcity are impacting the pace of home builders.

Supply Chain 195

Supply Chain Construction Appraisal 195

Eyes on Housing

NOVEMBER 18, 2022

Over the last four quarters, townhouse construction starts totaled 152,000 units, 7% higher than the prior four quarter total (142,000). However, these. Read More ›

Construction 172

Construction Marketing Design 172

Appraisal Buzz

SEPTEMBER 7, 2021

The post Residential Construction Continues Shift to Suburbs appeared first on theMReport.com. The post Residential Construction Continues Shift to Suburbs appeared first on Appraisal Buzz.

Construction 195

Construction Appraisal 195

Eyes on Housing

MARCH 9, 2022

The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs increased for the month to 380,000 unfilled positions in January. The highest measure in the history of the data series (going back to late 2000) was 416,000 in April 2019.

Construction 202

Construction Housing Market Marketing 202

Inman

JANUARY 13, 2023

Era Ventures led the funding round for New York-based Welcome Homes, an online home construction platform that elevates the design and buy process of new property construction.

Construction 155

Construction Design Technology 155

Eyes on Housing

JULY 6, 2022

The construction labor market remains tight, but the total number of open construction sector jobs has likely reached a cyclical peak as economic activity slows in response to tighter financial conditions. The count of open construction jobs was little changed in May, falling from 440,000 in April to 434,000.

Construction 158

Construction Marketing 158

Appraisal Buzz

MAY 25, 2021

With the demand for homes at an all-time high, new construction has been dampened by a drop in the number of workers. The post Decline in Construction Workforce Stunts Housing Inventory appeared first on theMReport.com. The post Decline in Construction Workforce Stunts Housing Inventory appeared first on Appraisal Buzz.

Inventory 195

Inventory Construction Appraisal 195