Tag Archives: Construction

Latest jobs numbers take pressure off wages — and mortgage rates

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The real estate industry got two kernels of good news in the latest jobs numbers from the U.S. Bureau of Labor Statistics. Continue reading →

Looking to renovate construction space, Freemodel secures $19.5M

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

Meet Max, the first robotic 3D printer to earn NAHB membership

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Alternative homebuilding remains a small section of the market, but everything from cost challenges to worker shortages within the traditional model suggest there’s ample room for automation technologies to change how homes are built. Continue reading →

After stable stretch, lumber’s roller coaster ride scales yet another hill

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Lumber futures were trading at $454 per thousand board feet Monday after ascending to $539 per thousand board feet the week earlier, according to numbers tracked at Nasdaq.com. Continue reading →

As US economy zigs upward again, real estate sags

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Hits to broker commissions and home construction drove a decline in real estate gross domestic product in the third quarter of the year, new data shows. Continue reading →

Real estate jobs hold strong even as sales slip, summer ends

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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 →

Against the odds, some buyers are returning to newly built homes

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Homebuilders are reporting shorter construction timelines and fewer supply-chain issues as they deal with a drop in demand for new houses, according to a survey of homebuilders by John Burns Real Estate Consulting. Continue reading →

Spending on construction dipped in July amid market slowdown

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Spending on construction in the U.S. has been growing for years, but amid rising rates and a stalling market that trend appears to be coming to an end. Continue reading →

Home sales have so much further to fall in 2023, Goldman Sachs says

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House purchases are expected to plummet further in the closing months of the year, and the recovery may not pick up speed until 2024, according to a new forecast from the investment bank. Continue reading →

TestFit receives $20M to enhance construction feasibility solution

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TestFit’s interactive, AI-powered real estate feasibility software consolidates data from multiple phases of construction preplanning, to arrive at groundbreaking weeks ahead of what traditional methods allow. Continue reading →