Acquiring construction materials remains expensive for homebuilders, even as a reduction in demand may be relieving supply chains, according to data from the U.S. Bureau of Labor Statistics. Continue reading
Construction costs remain high. But one of the biggest headaches for builders — obtaining lumber at a steady price — may be normalizing. Continue reading
Real estate hiring bucked seasonal expectations for September, reflecting steady payrolls despite a weakening sales environment, according to new data from the U.S. Bureau of Labor Statistics. Continue reading
The number of new construction projects for single family homes dropped by 10 percent in July, the steepest decline of the year, according to the U.S. Department of Housing and Urban Development. Continue reading
Builder sentiment dropped at the second-fastest pace of the last two decades as some home construction companies have begun to cut costs. Continue reading
In parts of the country, buyers are backing out of contracts for new homes at rates not seen since the shock of the pandemic first set in during March of 2020. Continue reading
Fears of impending recession and a slew of prominent layoff announcements put only a moderate damper on real estate hiring last month, according to the U.S. Bureau of Labor Statistics. Continue reading
It’s getting hairy out there for homebuilders as construction leaders report that buyers are losing interest in pricy new properties now that mortgage rates have climbed, according to a new survey. Continue reading
Employers added 16,700 residential construction jobs in May on a seasonally adjusted basis, nearly doubling the national rate of job growth, according to new Department of Labor figures. Continue reading
Zillow Senior Economist Jeff Tucker is skeptical that a housing bubble is looming, but he worries such talk could hurt future buyers in need of homebuilders to continue producing new inventory. Continue reading