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Construction worker shortage has reached “crisis” levels

Housing Wire

To keep pace with current construction demand, and account for attrition, 740,000 new construction workers are needed each year for the next three years , a report by the Home Builders Institute contends. million new hires for construction. The construction worker shortage has reached crisis level.

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Residential construction jobs now 7.6% above pre-COVID level

Housing Wire

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%

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Looking to renovate construction space, Freemodel secures $19.5M

Inman

million Series A for Freemodel to expand its approach to prepaid, fully managed market preparation renovations, according to an announcement sent exclusively to Inman. QED led a $19.5

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The Reality of Major Home Renovations

Eppraisal

Renovations are a great way to boost home value and aesthetics. Here are some home renovation truths to prepare you for such an undertaking. For example, major renovations may require temporary housing, which can be a significant expense. Be realistic about what adds value to your home and what qualifies as a vanity renovation.

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Renovations That Increase Home Value in BC: Our Top 8 Picks

D Fritz Appraisals

Major Home Renovations & Home Appraisals: What You Should Know Are you planning house renovations and want to know the best home improvement investments? Or maybe you are planning to sell your house and are wondering about renovations that increase home value the most. As Vancouver Island’s home evaluation expert, D.

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Opinion: More financing options for ADUs are needed

Housing Wire

Here are a few trends in financing that will continue to catalyze the construction of more ADUs: Expanded access to mortgage financing The Federal Housing Authority announced a new policy in October 2023 that has made it easier to finance construction of new ADUs, as well as making it more achievable to buy or refinance a house with an existing ADU.

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Planet Home Lending hires Doug Long to expand its retail branch network 

Housing Wire

Planet is pioneering the future of mortgage lending with novel products like Cash 4 Homes, 1st Year Flex, Purchase EDGE, one-time close construction loans, and bridge, renovation and manufactured home loans,” Long said.

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