Mortgage Rates Are Up but New-Home Sales Still Solid in March
Lack of existing home inventory drove a rise in new-home sales, despite higher interest rates in March
Who's Earning What in Construction
Workers in construction management roles may earn a higher median wage, but on average, lower-paid occupations have experienced somewhat faster wage growth
Build-to-Rent Is Booming, Particularly in These Metros
A recent report finds that the Phoenix metro leads with more than 4,000 build-to-rent units completed in 2023, and Texas is the leading state for build-to-rent development
Which Green Building Practices Are Home Builders Using Most?
A recent report reveals which green-building practices are most popular among single-family home builders and remodelers
Single-Family Permits Show Increase in February
Year-to-date ending in February, single-family permits were up in all four regions of the U.S.
Q1 2024 Foreclosure Activity Rises Slightly
Data show New York, Houston, and Chicago topping the list of major metros with the greatest number of foreclosure starts during Q1 2024
Market Data + Trends
Lumber Cost Down, Builder Sentiment Up
The single-family building market has moved off the unsustainably hot pace of construction of last fall and has reached a still hot but more stable level of activity
Market Data + Trends
Building Permits Gain Year-Over-Year
Single-family permits issued year-to-date nationwide reached 681,949 compared with 525,623 for the year to date ended in July
Market Data + Trends
The Renters Are Coming
Most of the renters are Millennials and Gen Zs looking for housing options that better suit their budgets, as 55% of suburban renters are younger than 45 with median household earnings around $50,000.
Market Data + Trends
Survey Finds 67% of Americans Have Some Buyer's Remorse
NerdWallet says buying a home today could likely lead to regrets as buyers continue to dish it out over a small selection of high-priced homes.…
Market Data + Trends
Mortgages Remain Within Affordable Levels Despite Rising Prices
Though home prices continue up, today’s homebuyers are not overextending themselves financially, unlike they did during the Great Recession. A…
Build to Rent
Single-Family Rental Sector Gains Exceed Expectations
Single-family rental demand nationwide surpassed the historical average in July, with some markets posting double-digit growth. John Burns Real…
Housing Markets
10 States Where Upper Middle Class Americans Move to Most
Upper-middle class Americans tend to move less frequently than tax filers with less income, but some areas are seeing an influx of this…
Market Data + Trends
Could the Fall Season Bring a Cooler Housing Market?
August welcomed slower housing price growth and increase in inventory, prepping the cooler fall season for a cooler housing market. Zillow’s…
Resilient Construction
Markets With Extreme Weather Are Only Affordable to the Wealthy
Miami Beach resident Curt Dyer says he’s spent nearly $250,000 in renovations to make his home more resilient to flooding, something that impacts…
Economics
Student Loans Keep 29% of Americans From Becoming Homeowners, Survey Finds
While many Americans were economically devastated as a result of the pandemic, others fared much better. In a new survey by the National…