Hiring in real estate ramps up — but lags behind other industries: Labor

May was a strong hiring month for the U.S. as a whole. But in a down market, real estate didn’t quite keep pace, according to new jobs data released Friday by the Bureau of Labor Statistics. Continue reading

New-home construction creeps upward from lower perch in March

Builders pushed forward with more new single-family projects for the second month in a row, but remained far less active than last year, according to data released Tuesday by the U.S. Census Bureau. Continue reading

Welcome Homes CEO Alec Hartman on this moment’s parallels with 1981

The CEO of construction tech startup Welcome Homes thinks builders will have to take risks to prevent a massive affordability crisis, the likes of which haven’t been seen since the early 1980s. Continue reading

Builders still on bumpy ride, but demand may have bottomed out

New-home starts took a hit in January but remain higher than they were in November. And builders see a path forward to stronger sales, according to a new report from the U.S. Census Bureau. Continue reading

Builders are pulling their hair out. Why do investors still love them?

To get a clearer picture of where things stand for builders — and where they’re headed for investors — Inman compiled financial results from the nation’s five largest publicly traded homebuilders. Continue reading

Mass rounds of real estate layoffs still the exception, not the norm

Despite big rounds of layoffs by companies like Compass and Anywhere, payrolls throughout the real estate industry held firm in January, according to a report released Friday by the U.S. Bureau of Labor Statistics.  Continue reading

It’s official: 2022 shows homebuilder sentiment declines for every month

While December’s data represented the 12th straight decrease in homebuilder sentiment, there is a “silver lining.” The average price reduction was 8 percent, up from 5 or 6 percent earlier this year, report says. Continue reading

Nearly half of new-home buyers in the Southwest are backing out

Builders have seen cancellation rates spike this year as buyers now struggle to afford the homes they signed up for months ago, according to data from John Burns Real Estate Consulting. Continue reading

Homebuilders avoid mass layoffs as brokerages post big hiring month

Sales of new homes have suffered, but plenty of projects remain active. Homebuilders have yet to make steep cuts to their payrolls, according to the U.S. Bureau of Labor Statistics on Friday. Continue reading

3 in 10 homes on market are newly built, the highest share in decades

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