New York City makes sweeping zoning changes to address housing crisis
The New York City Council recently approved a plan that city officials are calling the “most pro-housing zoning proposal” in
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New This Week
Increased Construction in Low Density Areas is the New Status Quo
More residential construction is occurring in low density suburbs and outlying areas because of several factors that affect housing affordability,
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5 housing market predictions for 2025, according to economists
The median asking price for a home in the U.S. will likely rise 4% over the course of 2025, a
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Perry Homes Acquires MasterCraft Builder Group, Expanding Operations in Florida
Perry Homes, one of the largest privately held homebuilders in the U.S., today announced the acquisition of MasterCraft Builder Group,
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Founded With a Vision to Redefine the Homebuilding Industry
Tri Pointe Homes® was founded in 2009 with a vision to redefine the homebuilding industry through innovative design, an elevated
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2024 in Review and a Look Ahead to 2025: What Trump Has in Store for the Housing Market
In general, an article reviewing the housing market’s current year and the one around the corner would focus on the
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HBGI Q3 2024: A New Status Quo for the Geography of Residential Construction?
Residential construction has remained in low-density suburbs and outlying areas, according to the National Association of Home Builders’ latest release
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Construction Labor Market Continues to Ease
After a period of slowing associated with declines for some elements of the residential construction industry, the count of open
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Private Residential Construction Spending Rises in October
Private residential construction spending increased by 1.5% in October, according to the latest U.S. Census Construction Spending data. Year-over-year, the
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Housing Forecast 2025: Mortgage Rates To Stay Above 6% as Home Prices Grow
Mortgage rates will continue to average above 6% next year, and home prices will keep rising, the Realtor.com® economic research
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Immigrant Share in Construction Sets New Record
Reflecting the sharp increase in net immigration of recent years, the number of new immigrants joining the construction industry rose
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Flat Conditions for Custom Home Building
NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates relatively flat conditions
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October New Home Sales Down on Higher Rates
Steadily rising mortgage rates coupled with ongoing affordability challenges kept many potential home buyers on the sidelines in October. Sales
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Home Prices Continue to Decelerate
Home price growth continued to slow in September, growing at a rate just below 4% year-over-year. The S&P CoreLogic Case-Shiller
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Private Residential Construction Spending Rises in October
Private residential construction spending increased by 1.5% in October, according to the latest U.S. Census Construction Spending data. Year-over-year, the
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New Home Construction Flat in October as Builder Confidence Improves
According to U.S. News, the pace of new housing was mixed in October as the effects of Hurricane Milton weighed
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City Council Approves Development Bringing 3,500 Homes to Southwest Boise
According to KTVB, the southwest Boise development will bring more than 3,500 homes to the area with 94,000 square feet
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Fannie and Freddie Will Back Homes Costing Nearly $1 Million as Prices Surge
According to USA Today, the federal government’s support for homeownership is about to expand as home prices continue to surge
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Westlake Florida Reaches New Home-Building Milestone
According to the Town Crier, the building boom taking place in Florida’s fastest-growing city has hit a new milestone. The
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Small Gain for Multifamily Built-for-Sale Construction
According to the NAHB, the count of multifamily for-rent housing starts declined during the third quarter of 2024. For the
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U.S. Housing Market Gains Momentum: Pending Sales Rise for Third Month Straight
The U.S. housing market is rebounding, with pending home sales rising 2.0% in October, marking three consecutive months of growth.
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State-Level Employment Situation: October 2024
According to data from the NAHB, nonfarm payroll employment increased in 21 states in October compared to the previous month,
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Existing Home Sales Rebound in October
Existing home sales in October rebounded from a 14-year low and posted the first annual increase in more than three
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Multifamily real estate is entering a state of transition
As 2024 winds down, multifamily real estate is in a constant state of flux, driven by evolving tenant preferences, regional
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Single-Family Home Size Nearing Turning Point?
An expected impact of the virus crisis was a need for more residential space, as people used homes for more
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Best Quarter for Multifamily Missing Middle Construction in 17 Years
The missing middle construction sector includes the development of medium-density housing, such as townhouses, duplexes and other small multifamily properties.
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Top Patio Trends: Looking Back at 2024 and Leaping into 2025
According to the NAHB, as the boundaries between indoor and outdoor living continue to blur, patios have evolved into sophisticated
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Builder Confidence Moves Higher as Election Uncertainty is Lifted
According to the NAHB, builder sentiment improved for the third straight month and builders expect market conditions will continue to
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Workforce Housing Directive To Bolster Economic Development and New Home Construction in Virginia
Virginia will help fund housing construction near major business developments, Gov. Glenn Younkgin announced this week. A new executive order,
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Here Are Three Approaches To Increase U.S. Housing Supply
To address the U.S. Housing Shortage, real estate professionals emphasize the need to increase housing supply by building homes in
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FHFA to Raise the 2025 Multifamily Loan Caps for Fannie, Freddie by 4%
The Federal Housing Finance Agency (FHFA) is increasing the multifamily loan purchase cap for Fannie Mae and Freddie Mac to
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