Builders take drastic measures to deal with rising lumber costs

Home builders say they have adopted a range of tactics to try and protect themselves from the rising cost of lumber, which is perhaps the single-most important building material that goes into any new home. The price of lumber has risen dramatically over the last year and remains extremely volatile, and that’s having a negative […]

Freddie Mac says 4 million more homes needed to meet housing demand

Analysis by Freddie Mac has revealed that the U.S. needs almost 4 million more homes to be listed for sale in order to meet the current high level of demand. Freddie Mac said in its analysis that there’s a total shortfall of 3.8 million homes for sale in the U.S., a 52% increase in the […]

5 Major Benefits Of Purchasing Pre Construction Homes

Photo by Alex Shutin on Unsplash If you are just getting started in investing your hard-earned savings in lucrative areas that yield the maximum potential, we have two words for you: real estate.  One of the smartest investments is to put your money in the property market, especially the Canadian property market. This is because […]

Buying Land to Build a House

So many people imagine building their dream home in an ideal location. Finding that location and buying land to build a house is the first step in fulfilling this dream.  Paying for this lot with cash is the ideal scenario but with lot prices climbing into the hundreds of thousands of dollars range, most buyers […]

Lumber prices rise again, impacting home affordability

Lumber prices hit another record high last week, with the price having risen now by more than 170% in the last 10 months, according to a report by the National Association of Home Builders. That’s bad news for buyers, as home builders have responded by increasing the prices of new homes. The soaring cost of […]

Higher building material costs could push new home prices up

New home sales fell slightly at the end of 2020 due to higher prices offsetting the strong demand from buyers that was seen throughout the year, according to data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Although sales of new homes grew 1.6% in December, we saw much […]

Home builders are cashing in on rental demand

Building firms are constructing more single-family homes specifically for the rental market, and that means a growing proportion of new homes will never be listed for sale. Experts say the rising number of build-to-rent homes could lead to greater competition for buyers who’re already struggling with low inventories, particularly in the entry-level price bracket. The […]

Builders cater to the growing second home market

With remote work becoming much more common, the second-home market has enjoyed strong growth and data suggests builders are responding to that trend. The advent of remote work means no more commute, and so many Americans have decided to invest in a second home far from the city, in more pleasant climes where they have […]

Why Hire a Professional Local Roofer for Roof Inspection?

A roof inspection is an essential process that evaluates the integrity of your roofing and sub-roofing materials. A thorough roof inspection will determine the longevity of your roof and the need for replacement or repairs. A roof inspection is a technical process that requires maximum attention and expertise. Therefore, most people with tight schedules should […]

Home builders fail to keep pace with rising demand

Builders say they’re struggling to keep up with demand as more buyers look for newly-built homes amid an acceleration in home buying. A report from the U.S. Census Bureau last week said single-family starts stayed flat in November as builders were unable to meet demand. Overall housing starts gained by 1.2% to a seasonally adjusted […]