Home Builders/Developer's, Home Sales

New home sales declined in November amid rising prices

By Mike Wheatley | December 26, 2021
Sales of new homes fell by 14% in November, well below expectations, due to rising prices that analysts say are forcing many prospective buyers out of the picture. The report from the U.S. Census Bureau said that while sales fell in November, the median price of newly built homes rose by 19% from the same […]
Home Builders/Developer's, US Real Estate

Home builder confidence rises on unseasonably strong demand

By Mike Wheatley | December 20, 2021
Home builders are feeling increasingly confident as they head into the new year thanks to seasonally strong demand in what is usually a much slower time of the year. Builder sentiment in the single-family housing market rose by a single point to 84 in December, according to the National Association of Home Builders/Wells Fargo Housing […]
new home
Home Builders/Developer's

6 Factors To Consider Before Building A Post-Pandemic Home

By Jamie Richardson | December 9, 2021
Since time immemorial, architects have had to design homes according to personal styles, current trends, government regulations, and topography. With the spread of the Coronavirus (Covid-19), lifestyles and daily routines were irreversibly changed. Working from home became the norm, going to the gym was restricted, and social outings were banned. The post-pandemic architecture will have […]
Home Builders/Developer's

A shortage of windows is causing yet more headaches for home builders

By Mike Wheatley | November 29, 2021
Home builders who have been struggling to obtain key building materials such as lumber and cement now face an even more urgent priority – an acute shortage of glass for windows and doors. An October survey by John Burns Real Estate Consulting found that windows are now the major supply challenge for 63% of home […]
Home Builders/Developer's

Shortage of construction workers hits "crisis level"

By Mike Wheatley | November 8, 2021
Anyone looking for a career change that doesn’t have the advantage of a college degree could do a whole lot worse than retraining as a construction worker. Amid huge demand for new homes, at least 740,000 new construction workers will be needed each year for the next three years, according to a new report by […]
Home Builders/Developer's

Watch out: Lumber prices are increasing again

By Mike Wheatley | October 28, 2021
New home buyers need to brace themselves for yet more price hikes, as lumber prices are on the rise again. The extra costs will likely be passed on to home buyers by homebuilders, reports say. Lumber prices fell from record highs over the summer, but that decline seems to have been short-lived. Prices bottomed-out in […]
Home Builders/Developer's

Builders paying more for substitute materials to avoid construction delays

By Mike Wheatley | October 10, 2021
Home builders are struggling with shortages of materials they need to finish their projects, including wood paneling, ceiling joists and pipes. Faced with the prospect of delayed schedules, they’re racing to find substitute materials instead, but that process is adding to their costs. The Wall Street Journal reported this week that supply shortages have dogged […]
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