Housing Wire

MARCH 30, 2023

Achieving [these] goals will also help encourage community banks to expand their construction-to-permanent mortgage lending activity, especially in small towns and rural markets.”

Construction 383

Construction Mortgage Lending Real Estate 383

Housing Wire

JULY 24, 2023

For most states, the pipeline for construction of single-family homes specifically designed as rentals is booming. Market conditions in 10 states are such that this kind of construction isn’t a priority. In fact, these states are seeing no additional construction of single-family homes for rent, according to reporting at Axios.

Construction 369

Construction Landlords Marketing Law 369

Housing Wire

DECEMBER 6, 2022

Exurban areas (large metro outlying counties) recorded the largest 12-month decline in single-family construction, dropping from an annual growth rate of 31.9% It uses county-level data for single and multi-family permits to gauge housing construction growth in both urban and rural metros. in Q3 2021 to a rate of -4.4% in Q3 2022.

Construction 473

Construction Housing Market Mortgage Marketing 473

Housing Wire

DECEMBER 3, 2021

The construction sector added a total of 31,000 jobs in November, on par with the two prior months. Specialty contractors showed the largest gains with an increase of 13,000 jobs, while persons employed in construction of buildings, and civil and heavy engineering rose by 10,000 and 8,000 jobs, respectively. While this is a 0.4%

Construction 441

Construction Transportation Inventory Mortgage 441

Housing Wire

SEPTEMBER 13, 2022

Seattle and London-based construction technology company Modulous has raised $11.5 based real estate developer, CEMEX Ventures , the venture arm of construction giant CEMEX ; Blackhorn Ventures (U.S.); based real estate developer, CEMEX Ventures , the venture arm of construction giant CEMEX ; Blackhorn Ventures (U.S.);

Construction 410

Construction Real Estate Supply Chain Design 410

Housing Wire

JUNE 5, 2023

The town of Newton, Massachusetts is working to comply with a new state law that requires the construction of new multifamily housing units in areas served by public transit, according to reporting from the Boston Globe. Some apartments have been constructed in recent years, but the construction level has been low.

Construction 365

Construction Law Transportation Government 365

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

AUGUST 15, 2023

With strong demand and limited options for existing homes, many homebuyers are turning to new construction. Mortgage applications for new construction home purchases increased 35.5% in July on a year-over-year basis, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data.

Mortgage 370

Mortgage Construction Inventory Buyers 370

Housing Wire

SEPTEMBER 14, 2023

Demand for newly constructed homes continues to remain high as existing for-sale inventory remains historically low. Mortgage applications for new home purchases increased 20.6% in August on a year-over-year basis. Compared to July 2023, applications increased by 4%. This change does not include any adjustment for typical seasonal patterns.

Mortgage 394

Mortgage Construction Inventory Marketing 394

Housing Wire

MARCH 8, 2023

As the housing market cooled further during the fourth quarter of 2022, homebuilders also continued to pull back on single-family construction. It uses county-level data for single and multi-family permits to gauge housing construction growth in both urban and rural metros. in Q4 2021 to -12.1% in Q4 2022. a year ago to -11.7%.

Construction 410

Construction Housing Market Mortgage Marketing 410

Housing Wire

JUNE 13, 2023

While state lawmakers are currently debating rent control legislation as one potential answer to the issue, the Massachusetts Association of Realtors (MAR) is advocating to increase housing construction instead, according to reporting by the Massachusetts’ State House News Service. Last month, Washington state Gov.

Construction 379

Construction Agents Realtors Inventory 379

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 457

Construction Mortgage Buyers Realtors 457

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 383

Construction Housing Market Mortgage Real Estate 383

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

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 410

Construction Contracts Supply Chain Marketing 410

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 458

Construction Real Estate Mortgage Renovations 458

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 466

Construction Mortgage Housing Market Inventory 466

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 441

Construction Mortgage Government Development 441

Eyes on Housing

NOVEMBER 17, 2023

Despite weakness for single-family construction in 2023, townhouse construction recorded the best quarter for starts in 16 years.

Construction 163

Construction Design 163

Eyes on Housing

OCTOBER 30, 2023

The Census Bureau’s Survey of Construction (SOC) provides valuable information on the characteristics of new homes started construction, such as air conditioning and heating system installations. Air Conditioning In 2022, 97.1 percent of new single-family homes started had a central AC system, slightly higher than 96.5 percent in 2021.

Construction 154

Construction 154

Eyes on Housing

NOVEMBER 28, 2023

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. For the third quarter of 2023, there were just 3,000 2- to 4-unit housing unit construction starts. This is down from a year prior. Read More ›

Construction 98

Construction Development 98

Eyes on Housing

OCTOBER 2, 2023

NAHB analysis of Census Construction Spending data shows that private residential construction spending rose 0.6% However, total private residential construction spending is still 3.1% The total construction monthly increase is attributed to more. lower compared to a year ago.

Construction 164

Construction 164

Eyes on Housing

SEPTEMBER 11, 2023

The number of women employed in the construction industry increased to over 1.28 million in 2022, as the construction industry recovered all jobs lost during the pandemic. of the construction workforce, up from 9.3% Currently, women make up 10.9%

Construction 164

Construction 164

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 315

Construction Mortgage Housing Market Buyers 315

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 479

Construction Buyers Marketing Development 479

Eyes on Housing

AUGUST 23, 2023

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. For the second quarter of 2023, there were just 3,000 2- to 4-unit housing unit construction starts. This is down from a year prior. Read More ›

Construction 147

Construction Development 147

Eyes on Housing

SEPTEMBER 1, 2023

NAHB analysis of Census Construction Spending data shows that private residential construction spending rose 1.4% However, total private residential construction spending is still 5.5% The total construction monthly increase is. in July after an increase of 1.5% in June and 3.5% lower compared to a year ago.

Construction 158

Construction 158

Housing Wire

AUGUST 16, 2023

Under the new regulations, construction of new residential buildings can continue in areas that have a designated water provider since homebuilders and developers do not need an AWS certificate to obtain a building permit.

Agents 366

Agents Construction Real Estate Agent Real Estate 366

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 409

Construction Housing Market Mortgage Marketing 409

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 199

Construction Housing Market Marketing 199

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 166

Construction Marketing 166

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 180

Construction 180

Inman

SEPTEMBER 8, 2023

Construction data and technology company Zonda has acquired yet another company, this time UTour, a system for offering self-guided home tours to enhance Livabl, a public-facing search experience for new construction homes which the company launched in April this year.

Construction 159

Construction Technology 159

Eyes on Housing

JULY 3, 2023

NAHB analysis of Census Construction Spending data shows that private residential construction spending rose 2.2% However, total private residential construction spending is still 11.6% in May, as spending on single-family homes increased 1.7%. lower compared to a year ago. Read More ›

Construction 162

Construction 162

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 164

Construction Design 164

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

AUGUST 1, 2023

NAHB analysis of Census Construction Spending data shows that private residential construction spending rose 0.9% However, total private residential construction spending is still 10.4%% lower compared to a year ago. The total construction monthly increase is largely attributed to more. in June after an increase of 2.9%

Construction 145

Construction 145