Articles Tagged with ''single-family housing''

The new 61,000-square-foot space will also serve residential and commercial markets in southeastern Wisconsin and the entire state. 

Mapei Corporation and Black Buffalo 3D have partnered to create the world's first 3D construction material that is undergoing testing to meet the only building code in the world for 3D printed walls, the ICC-ES AC509.  

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the new residential sales statistics for March 2022.

Pending home sales dropped in March, signifying five straight months that contract activity has declined, according to the National Association of Realtors.

Worsening affordability conditions stemming from growing supply chain disruptions and rising mortgage rates pushed new home sales lower in March.

Total construction starts fell 12% in March to a seasonally adjusted annual rate of $903.8 billion, according to Dodge Construction Network.

The single-family housing market continued to show signs of softening in March as permits and starts declined due to rising mortgage interest rates and ongoing supply chain bottlenecks.

Rapidly rising interest rates combined with ongoing home price increases and higher construction costs continue to take a toll on builder confidence and housing affordability.

Business remains strong for most remodelers at the beginning of 2022,, however, a few are starting to report that customers are reluctant to move forward on projects due to the delays and higher costs caused by supply chain problems.

NAHB reports more than a third (36%) of millennials are now in favor of a larger home and home builders are responding to this trend.