Home Builders/Developer's

New homes are getting bigger

By Mike Wheatley | February 11, 2022
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 builder
Home Builders/Developer's, Housing

Home construction industry set for another tough year, economists say

By Mike Wheatley | February 10, 2022
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/Developer's

Home builders unlikely to match 2021 construction pace

By Mike Wheatley | January 21, 2022
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 […]
Home Builders/Developer's

Buyers are moving into unfinished new homes

By Mike Wheatley | January 17, 2022
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 […]
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 […]
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