A home for sale today is nearly twice as likely to be newly built than in 2019 as a glut of unsold projects reaches the market, according to a new report from Redfin. 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
August numbers show spending on new single-family homes dropped to a seasonally adjusted annual rate of $436 billion, a 2.9 percent fall from July, according to U.S. Census Bureau data released Monday. Continue reading
Lumber futures have fallen back to where they were before the pandemic ignited a boom in housing and stretched supply chains to the limit, according to data compiled by Nasdaq. Continue reading
The steady increase has occurred despite widespread supply shortages, tight labor markets, rising inflation and the volatile cost of wood, according to National Association of Home Builders. Continue reading
Employers in real estate and residential construction grew workforces by 0.2 percent on a seasonally adjusted basis, according to Department of Labor survey out Friday. Continue reading