Researchers call for more fire-resistant homes



Researchers are looking into ways to protect homes from wildfires as millions of acres across the U.S. are once again being burnt out of existence. The Insurance Institute for Business & Home Safety’s research team is focusing on what causes homes to ignite during a wildfire, and it found that 90% of homes were first […]

Home builders target less densely populated areas



The National Association of Home Builders says that building firms have shown a notable suburban shift in recent months, with small metro suburbs the only region to post a second-quarter gain in new single-family home construction in the last quarter. Home construction in small metro suburbs has increased 10.6 in the last quarter on an […]

Rising lumber costs add $14K to the price of new homes



The average price of a new single-family home has risen by 14% due to a spike in the price of software lumber, according to a report by the National Association of Home Builders. The report said that new single-family home prices have risen by $14,116 since April 17, while new multifamily homes have increased in […]

Zillow adds builder ratings and reviews to its platform



Zillow last week announced a new feature it’s adding to its platform called Builder Ratings and Reviews. The new information will be displayed on builder’s profiles, community pages and paid new construction listings on Zillow. The reviews will come from homeowners surveyed shortly after they move in to a new home, who will be asked […]

Agents look to build alliances with new home builders



Home builders are increasingly looking to cement long-term alliances with real estate agents. Builders have become aware that they need a relationship with real estate professional to bring more qualified home shoppers to their sales offices. And with resale inventory being limited at present, agents too know they need to work with builders to give […]

Builder adds home offices to its existing floor plans



The home office is increasingly gaining prominence in new builds as more people work from home due to the COVID-19 pandemic. Around 40% of Americans are now working remotely, up from just 5% before the pandemic, and now builders are responding by catering to their needs. One example of the trend comes from KB Home, […]

Taylor Morrison reports record new home sales in June



In a validation of the health of the new home market, Taylor Morrison, the fifth largest homebuilder in the U.S., reported a record monthly gain in June in orders for new home construction, up 94% year-over-year. The builder also reported record sales in 22 housing markets across 11 states. “To experience our best sales month […]

Builders optimistic on single-family rentals



Homebuilders believe building homes to rent could help respond to housing affordability and down payment challenges in the real estate market, particularly in response to the COVID-19 pandemic. The single-family built-for-rent market has “received attention as a means to add single-family inventory amid concerns over housing affordability and down payment requirements in the for-sale market, […]

Future housing permits at their highest level in 13 years



January saw total housing starts fall by 3.6%, but economists were more focused on home building permits, which are a gauge of future house building. And what they saw left them upbeat about what could be coming, as housing permits rose to their highest level since March 2007. Even so, the dip in housing starts […]

New homes are smaller and have fewer bedrooms



New home contractors are building homes with fewer bedrooms than previously in order to cater to the demand for smaller, more affordable properties. According to the U.S. Census Bureau’s latest survey of construction firms, the number of bedrooms in the average newly constructed home in the country is falling. The amount of new single-family homes […]