Builder confidence held steady in September, but falling mortgage rates and expected Fed cuts lifted future sales expectations, NAHB/Wells Fargo index shows.
Whether you work in commercial, residential, or multifamily projects, thorough site evaluation remains critical to preventing costly installation failures, with evaluation processes varying between new construction and remodels with large-scale or high-end projects carrying higher stakes.
New Zillow research reveals that homeowners consistently undervalue natural flooring materials when selling their homes—a costly mistake that could benefit savvy flooring contractors.
U.S. housing starts fell sharply in May, dropping 9.8% to a seasonally adjusted annual rate of 1.26 million units, driven primarily by a steep decline in multifamily construction amid persistent economic headwinds.
A landmark study released by the Home Builders Institute (HBI) and National Association of Home Builders (NAHB) reveals the skilled labor shortage is costing the residential construction industry $10.8 billion annually and preventing the construction of approximately 19,000 single-family homes.
For the first quarter of 2025, single-family construction growth registered modest gains in small metro areas and declines in large metro counties, while apartment growth is shifting to counties with lower population densities.
The narrow price gap between new and existing homes results from tight inventory in the existing market, where homeowners with low pandemic-era mortgage rates are hesitant to sell due to high current rates, combined with post-pandemic price surges across both segments, driven by rising construction costs and supply shortages.
New home sales jumped 10.9% in April to 743,000 units despite high interest rates and construction costs. Home builders call it an anomaly, with 61% now offering sales incentives. Year-to-date sales still down 1.2% as industry faces ongoing economic uncertainty.
The typical home purchased in America reached a record median age of 36 years in 2024, nine years older than in 2012, according to Redfin. A construction shortage since 2008's financial crisis forces buyers into older properties, with Buffalo homes averaging 69 years old versus just six years in Provo.
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