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

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Housing Starts Reach Highest Level Since 2008

According to a recent article in Realtor Mag, figures from the Commerce Department show housing starts for single family homes reached their highest levels for more than six and a half years at the end of last year.  This shows the housing market is continuing to recover, particularly as experts regard construction as being an

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Housing Starts Rise Less than Expected

The number of US housing starts increased, but was less than expected while the number of building permits dropped in March. The article in aol.com points out this shows an underlying weakness in the housing market, and there are fears could continue in spite of the improving weather as spring progresses. Figures from the Commerce

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Home Construction Takes Off In (Some) US Cities

Good news for struggling property developers at long last – it seems as if the decline in housing starts is finally beginning to level off in many parts of the country, while in a few places, the number of developers breaking ground is actually starting to rise, according to a report in US News. Housing

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Spending on Construction Up 1.4% Last Month

Building companies increased their spending on the construction of new homes and offices during August, following a huge drop in spending the month before, said the Commerce Department earlier this week. According to a report in the Washington Post, spending on construction in the last month rose by 1.4%, and saw modest increases in spending

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