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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Newsletter
Newsletter stories for BuilderBytes.com
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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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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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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High School Construction Students Build Homes for Veterans
Trade school students from Decatur Central High School in Indianapolis helped secure roof trusses and bolt wood frame walls as
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Framing Lumber Prices Continue to Surge Amid Election Optimism and Interest Rate Cuts
For the sixth week in a row, Fastmarkets reports Random Lengths Framing Lumber Composite Price gained, climbing to $441 from $11.
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Mortgage Activity Declines in October as Mortgage Rates Increase
The Mortgage Bankers Association reports a decrease of 13.9% in mortgage loan application volume for the month of October. Whether
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NAR Chief Economist Lawrence Yun Forecasts 9% Increase in Home Sales for 2025 and 13% for 2026, with Mortgage Rates Stabilizing Near 6%
There’s good news. According to NAR Chief Economist Lawrence Yun, mortgage rates are stabilizing, job additions are continuing, and the
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How Zoning Regulations Affect Affordable Housing
Zoning policies expand or restrict affordable housing builds. Local governments set in place various zoning ordinances for commercial, industrial and
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Four Forces Shaping the Future of Housing
According to John Burns Research and Consulting, four factors contribute to demographic shifts, which impact the future of housing. Those
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Second Homes Decline, but Key Markets Retain Strong Presence
In 2023, the number of second homes in the U.S. dropped to 5.7 million, accounting for 4% of the nation’s
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CBRE Report: Shifts in Housing Preferences Signal BTR Opportunity
The Build-to-Rent sector continues to thrive, driven by favorable market conditions, including lower resident turnover and people migrating toward more
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Bright Prospects for Builders Amid Shifting Home Sales
In September 2024, existing-home sales declined year-over-year in the South, Midwest and Northeast — the West saw some modest growth.
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Declines for Residential Construction Loans
Residential construction loan volume experienced its largest year-over-year drop since 2012 during Q2 2024, as reported by NAHB. This slowdown
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Enter the Best of KBIS Competition at KBIS 2025
The kitchen and bath industry’s top awards program, The Best of KBIS, is now accepting entries for 2025. Open to
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Young Adults Poised to Enter Homeownership Despite Market Challenges
The NAHB’s latest analysis highlights the growing difficulty for young adults under 35 to enter the housing market, with homeownership
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New Construction Activity Slows in September, Primarily in Multi-Family Space
New residential construction activity showed a slight decline in September 2024, following a robust month in August. Permits for new
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‘Sizeable’ housing project aims to grow small Upper Peninsula town
A new housing development in Crystal Falls, Michigan, is set to add 68 units to the small Upper Peninsula town,
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