Homebuilders are cutting back: not just in the number of bedrooms, but also the number of bathrooms and anything else where they can make their plans less expensive to build.
The U.S. housing market has gone from red-hot to decidedly tepid since the spring, though you wouldn’t know it by this summer’s sharp rebound in homebuilder’s stocks.
Messy kitchens; concierge services; coworking spaces; connections to local businesses: These are what homebuyers want in new developments.
Connecticut’s towns and cities permitted 394 new housing units in June, bringing the year-to-date total to 2,294 units, or 344 than at the same time last year.
Builder confidence plunged in July as high inflation and increased interest rates stalled the housing market by dramatically slowing sales, buyer traffic and housing starts according to new data.
Houses made out of Lego blocks? How about affordable homes built from 3D printers? All of these ideas and more have moved off the drawing board and into the marketplace.
Homebuilders are an optimistic bunch. That’s not the case now, though, and hasn’t been for months.
Homebuilders face possible shortages of appliances and other goods ahead of Christmas after power cuts to meet official energy use targets forced Chinese factories to shut down and left some households in the dark.
Even in the hottest U.S. housing market in more than a decade, new home construction has turned into a frustratingly uncertain and costly proposition for many homebuilders.
Home construction in the U.S. jumped 6.3 percent in June, another big swing in a volatile year.
U.S. construction spending fell 0.3 percent in May. Growth in housing, the economy’s standout performer, slowed while activity in areas most directly impacted by the pandemic showed further weakness.
Thanks to years of underbuilding, the United States’ housing markets are missing somewhere between 5.5 million and 6.8 million homes.
Greater Hartford grew its housing stock at one of the slowest rates anywhere in the country over the last 10 years, according to new Census Bureau data analyzed by apartment rentals site ApartmentList.com.
The Biden administration has completed a 100-day review of supply chains and will form a task force to address the bottlenecks in the semiconductor, construction, transportation and agriculture sectors.
U.S. construction spending rose a modest 0.2 percent in April as strength in housing offset further weakness in nonresidential construction.
Anyone hoping builders will be putting up enough houses to alleviate the shortage on the market may just as well wish to see the tooth fairy.
The ongoing spike in lumber prices is dramatically increasing the cost of new-construction single-family homes, the National Association of Home Builders reports.
Calling a spike in construction materials costs “unprecedented,” the Association of General Contractors of America is warning of challenges facing construction firms and likely slowdowns in construction projects.
Connecticut municipalities permitted 25 percent fewer housing units through the end of February this year than they had by the end of February 2020
Severe winter weather in much of the country and spiking lumber prices pushed home construction down a sharp 10.3 percent in February while applications for new construction fell by 10.8 percent.