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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 […]
US Real Estate

New home building takes a hit on rising lumber costs

By Mike Wheatley | March 19, 2021
New home construction fell in February as the rising costs of building materials, especially lumber, weighed on builders. Data from the U.S. Department of Housing and Urban Development and Census Bureau published Wednesday shows that single-family and multifamily housing starts fell by 10.3% to a seasonally adjusted rate of 1.42 million units that month. Single-family […]
Home Sales

Buyers look to new homes, and inventory is drying up

By Mike Wheatley | November 30, 2020
The National Association of Home Builders says buyers are increasingly looking at new homes due to the low inventory of existing homes. In October, new home sales were up 41.5% compared to the same month last year, according to data from the Commerce Department. “Buyer traffic remained strong in October even as the country’s attention […]
Home Builders/Developer's, US Real Estate

Taylor Morrison reports record new home sales in June

By Mike Wheatley | July 15, 2020
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 […]
Home Builders/Developer's, US Real Estate

Pricey building lots add to cost of new home construction

By Mike Wheatley | November 14, 2019
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 […]
Featured News, Home Buying, US Real Estate

Cheap mortgage rates bite into already low housing inventories

By Mike Wheatley | October 18, 2019
More home buyers are being tempted onto the market by the incredibly low mortgage rates being offered, but they’re becoming increasingly frustrated at the limited choice of homes for sale. The combination of an unseasonable surge in buyer demand and reduced housing inventories, there simply aren’t enough homes to satisfy everyone who’s looking, CNBC reported. […]
Home Builders/Developer's

Keeping Your Home Construction Project on Track

By Jamie Richardson | September 13, 2019
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 […]
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