Pricey building lots add to cost of new home construction



If you’re looking for the culprit behind the rising costs of new home construction, look no further than lot prices, which rose so fast that they outpaced inflation in 2018. That’s according to a new report from the National Association of Home Builders, which said the average lot price that year reached $49,500, a record […]

How Are Home Builders Shifting With Trends in 2019?



2018 was a difficult year for the home building industry. The recent decline in mortgage rates has encouraged an increase in the number of people building new homes. Despite this, the demand for new houses in 2019 has far exceeded supply, with many home builders unable to keep up. This is due to factors such […]

New home prices tumble in September



Median prices for newly built homes dropped significantly last month, but not because builders are offering any special discounts or deals. Rather, the drop came due to a greater mix of price points builders are now selling at, CNBC reported. The median price of a new home was $299,400 in September, down 8% from the […]

Housing starts decline, but builders say they’re okay with it



Housing starts fell by a fairly alarming 9.4% in September to a seasonally adjusted rate of 1.26 million units, according to new data from the Commerce Department. The multifamily sector, which includes apartments and condos, saw new starts fall by 28.2% to just 338,000. Single-family home starts were up 0.3% to 918,000 units. The decline […]

What Does A Design Architect Do?



Architects are of many types, among which designer architect is one of them. They work not only on residential and commercial setups but also industrial and urban landscaping. They give decoration and artistic value to the engineering draw ups. Their work isn’t strictly bound to establish new homes but also work on renovating various buildings. […]

Keeping Your Home Construction Project on Track



Home construction is a complicated process. Whether you’re building a home from scratch, or adding on to an existing home, there is a lot that you need to keep track of. If you don’t handle the whole process properly, you could quickly find that your home construction project is off track, delaying the completion date […]

Zillow: New construction to lag behind demand until 2022



While home values have recovered since the Great Recession and, in many cases, surpassed their pre-recession peaks, single-family home construction activity has continued to languish. The rate of new housing starts will likely remain below historic averages until 2022 or later, according to a panel of economists and real estate experts. The for-sale market has […]

New home starts fall for 3rd successive month



New construction of single-family homes saw an uptick, but a decline in multifamily production for apartments and condos meant an overall decrease of 4% in housing starts last month, according to new data from the Commerce Department. Single-family home starts rose 1.3% to 876,000 units in July, with the largest increase seen in the South. […]

Building a New Home – 7 Things That Could Go Wrong



Are you shopping for a home to call your own? Most likely, you’re looking for your dream home that will last forever. But the results of your search have been short of impressive. You may start to realize how difficult it is finding a house the checks off all of your needs and wants. It […]

Builders are stepping up to cater for first-time buyers



Home builders say they’re looking to cater more to first-time buyers on a budget, rather than move-up buyers usually tend to buy more expensive homes. The builders say they know the market is desperate for more entry-level homes, and that they’re determined to answer the call, even though challenges such as the high cost of […]