Home builder confidence dipped slightly in June, with the National Association of Home Builders on Tuesday reporting a confidence index of 80, down from 81 in May. … READ MORE >
Real estate
Why the housing market is not in a bubble
Not only are inventories below their historical averages, but buyers are also more credit-worthy – two significant differences from the housing bubble of the years before the Great Recession. … READ MORE >
How an ESOP can preserve a business, and a legacy
Many owners in the construction industry are looking to the employee stock option plan, or ESOP, when putting a succession plan in place. … READ MORE >
Rising rental market is tied to limited supply, not affordability
Higher home prices in the United States are not fueling the rental market, despite media reports to the contrary. Instead, would-be buyers are seeking rentals due to the limited supply of homes for sale in what is expected to remain a hot market throughout the remainder of this year. … READ MORE >
CHART OF THE DAY: Housing market stays steady despite headwinds
Housing starts rose 3.6% to 1.57 million in May while permits dipped 3% to 1.68 million, according to Commerce Department data released on Wednesday. … READ MORE >
North American housing markets remain bullish
In spite of the pandemic, the U.S. and Canadian housing markets have seen significant growth over the past year as individuals and families stuck in apartments were driven to the suburbs in search of bigger homes with space to live, work and play … READ MORE >
CHART OF THE DAY: Housing permits hold while lack of materials stifles starts
Homebuilders continue to be bullish on the American housing market as housing permits remained above 1.7 million for the fifth straight month, coming in at 1.76 million in April. … READ MORE >
CHART OF THE DAY: New home sales jump 20.7% in March
New home sales in the United States bounced back with a 20.7% increase in March after a surprising 18.2% decline in February, according to Commerce Department data released Friday. … READ MORE >
CHART OF THE DAY: Existing home sales slump but market remains hot
Sales of existing homes decreased 3.7% in March to an annual rate of 6.01 million for the second straight monthly decline, according to data from the National Association of Realtors released Thursday. … READ MORE >
House of the rising costs: Construction materials surge amid higher demand, supply constraints
Construction material costs have been rising since last June, and the increase is having a big effect on the residential construction industry. Everything from lumber to asphalt to cement to insulation has soared in price as the home building industry has heated up. … READ MORE >