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

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US Homebuilder Confidence Suffers a Downturn in February

This month US builders have seen their confidence levels in the housing market sharply decline, largely due to the severe weather that has affected much of the country and which is keeping buyers at home. The cold weather and winter storms have affected builders’ anticipation of sales before the spring home selling season begins, and

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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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