Articles Tagged with ''single-family housing''

Home professions, including architects, interior designers and contractors, are only mildly optimistic about business as they head into Q3 2023.

Rising mortgage rates in June, coupled with elevated construction costs and supply chain issues for electrical transformers, acted as headwinds on the new home sales market.

The two brands have been partners since 2020 and have extended their agreement for an additional three years, giving Taylor Morrison’s homebuyers in Georgia, North Carolina, Florida and Texas access to Cosentino surfaces.

Spartan Surfaces welcomes Brendan Ball to spearhead the buildout of the Spartan's Builder Division. 

SCI Flooring operates as SCI Floor Covering in Detroit, Michigan; MC Flooring in Kansas City, Missouri; and Eastpointe Interiors in Grand Rapids, Michigan.  

Builders are feeling cautiously optimistic about market conditions given low levels of existing home inventory and ongoing gradual improvements for supply chains.

A lack of existing inventory and stabilizing mortgage rates helped push single-family production up to the highest rate thus far in 2023 even as builders continue to deal with high construction costs, persistent labor shortages and tightening credit conditions for construction loans.  

The fallout from the regional bank collapses has led to tightening lending conditions, though not on residential mortgages. 

Housing in the United States needs considerable investment to address energy efficiency, accessibility, and disaster mitigation and recovery, according to a recent report by the Harvard Joint Center for Housing Studies.

Builder sentiment has been edging higher in the early part of 2023 as a significant amount of housing demand exists on the sidelines and resale inventory is limited.