Five Factors to Consider When Choosing a Home Builder

Building a new home is likely one of the biggest investments you will make, therefore it’s vital that you choose the right custom home construction builder. There are more than 400,000 home builders in the United States and, with all the options available, choosing a home builder can seem like an overwhelming task. To make […]

Female construction workers fight discrimination on TikTok

The construction industry has long been seen as one that’s dominated by men. But in fact, there are more than 1.2 million women working in the construction space in the U.S., making up around 10% to 15% of its entire workforce, according to data from the Bureau of Labor Statistics. Despite the reality, the fact […]

Home builders held back by supply chain struggles

Builders saw a decline in the number of new homes they were able to start in January, the result of bottlenecks in material supply that slowed down construction pipelines. Housing starts fell 4.1% in the month to a seasonally adjusted rate of 1.64 million units, according to a Commerce Department report last week. Building permits, […]

Lumber prices soar again, adding $18K to new home costs

New home prices are likely to rise again as the cost of lumber is accelerating once more. The rising price of lumber will likely add thousands of dollars to the price of new homes as it’s the single most important building material used in the development of most properties. Lumber prices are said to be […]

New homes are getting bigger

As the COVID-19 pandemic refuses to disappear, people are looking for bigger homes. Now, builders report that the average size of the new homes they’re building has increased to 2,524 square feet as buyers look for greater space. The National Association of Home Builders said in its What Home Buyers Really Want report that the […]

Home construction industry set for another tough year, economists say

The new home construction industry will continue to struggle with high prices of building materials, labor shortages and production bottlenecks this year. As a consequence, we can expect a slow pace of construction and heightened prices of new homes throughout 2022, economists said at the 2022 International Builders show in Orlando, Florida, this week. U.S. […]

Home builders unlikely to match 2021 construction pace

Data from the Commerce Department shows that builders boosted construction activity as best they can in 2021 to meet buyer’s insatiable demand for new homes. The data shows that single-family home starts grew 13.4% in 2021 compared to the year before. However, those hoping for a repeat in 2022 may be disappointed, as builders say […]

Buyers are moving into unfinished new homes

Builders are continuing to face material shortages and now, rather than keep people waiting, they’re allowing new home buyers to move in even as the properties remain unfinished. The supply chain problems are the result of on-off factory closures due to the COVID-19 pandemic, port capacity limits and transportation delays. Due to the shortages, builders […]

New home sales declined in November amid rising prices

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 builder confidence rises on unseasonably strong demand

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 […]

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