Articles Tagged with ''single-family housing''

Although high construction costs and elevated interest rates continue to hamper housing affordability, builders expressed cautious optimism in March as a lack of existing inventory is shifting demand to the new home market. 

Vermette’s initial focus will be on the strategic road map and partnerships that will accelerate company growth.

Associated General Contractors of America officials said a lack of clear guidance from officials in Washington is delaying expenditures on much-needed infrastructure and energy projects.

Meanwhile, multifamily growth was robust throughout much of the nation at the end of 2022, with the notable exception in high-density markets.

Buyer incentives, along with stabilizing mortgage rates during the month of January, increased the pace of new home sales for the month. However, in a sign of current market weakness, sales are down 19.4% compared to a year ago.

Housing construction weakened in January as ongoing affordability conditions fueled by high mortgage rates and building material costs challenged the market, said Alicia Huey, chairman of the National Association of Home Builders.

The quarterly KBMI gauges the pulse of the market among nearly 500 NKBA members in four key segments: designers, manufacturers, builders, and retailers. 

Mohawk Builder + Multifamily focuses on-trend product solutions and ready-to-ship inventory.

Following a brief uptick in new home sizes in 2021, the average size of a new home dropped slightly from 2,525 square feet to 2,480 square feet in 2022, and the percentage of new homes with 3+ full bathrooms and 3+ car garages dipped to 33% and 17%, respectively.