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
The price of lumber took a big dip to start the week, just the latest unexpected shift in the cost of building a new home. Continue reading
Pending home sales dipped for the fifth-straight month in March, with the Pending Home Sales Index dropping 1.2 percent from February to 103.7, according to the National Association of Realtors. Continue reading
Inman has created an extensive resource for ways to find inventory — from old-school methods to more creative approaches — when it seems like there’s nothing left on the shelves. Continue reading
As homebuyers falter under the weight of scant inventory and booming home prices, everyone is counting on homebuilders to tip the scales by increasing supply. However, the specter of The Great Recession and coronavirus-induced supply chain issues means… Continue reading
Builders kicked off construction on 129,400 new housing units in November — a half-percent increase on a month when starts typically decline, according to the U.S. Census Bureau. Continue reading
Homebuilders and real estate firms posted strong hiring trends even as a federal jobs report came up far short of expectations for November. Continue reading
A deep integration with nature, more space and high-end smart home features are just some of the things luxury buyers will demand in their future homes. Continue reading