Data Show New-Home Construction Starts Slowed at the End of 2023
Despite falling mortgage rates and a continuing shortage of housing inventory, the annual pace of new-home construction slowed in December
Top 10 Metros for New Homes in 2024
Punta Gorda, Fla., and Myrtle Beach, S.C., top the list of places where new-home construction is booming
US Housing Starts See Unexpected Surge in November
Census Bureau data show new-home construction was up 14.8% in November, suggesting the housing crunch may be easing
Exurban Areas Saw Most Growth in New Construction During Q3
NAHB's latest Home Building Geography Index shows exurban areas had the largest increase in market share for both single-family and multifamily construction
Pennsylvania Allocates $98M to Tackle Affordable Housing Shortage
The state of Pennsylvania has allocated the funds from the American Rescue Plan Act to produce more affordable housing units
San Francisco Complex Offers 200 Housing Units Plus Support Services
San Francisco's City Gardens affordable housing complex offers on-site social services for families transitioning from being unhoused
New-Home Sales
Existing Home Sales Slow, but Demand for New-Construction Rises
Rising new-home inventory is turning the heads of homebuyers bogged down by a lack of existing homes for sale
New-Construction Projects
Single-Family Construction Accelerates in May
Home builders report increased demand for new construction as home sellers pull back from the for-sale market
Market Data + Trends
Housing Inventory Woes Worsen Amid a Buyer-Seller Standoff
With more rate hikes on the horizon, new home listings are poised to plunge amidst an already rampant housing shortage
Community Development
Lowe’s Donates $1.3M to Support Veterans’ Housing Programs
Lowe’s recently announced a $1.3 million donation to Purple Heart Homes, a nonprofit organization that provides housing solutions for veterans
New-Construction Projects
HomeAid Orange County Breaks Ground on New Supportive Housing Development
HomeAid Orange County is partnering with City Ventures to develop a multifamily housing complex in Santa Ana, Calif., that will provide community resources and low-cost living to those in need
Market Data + Trends
Today's Buying Landscape Looks Barren, With 40% Fewer Homes for Sale
Home listings are drying up as sellers retreat and builders struggle to keep up with steady buyer demand
Affordability
Will the US Fill Its Shortage of Affordable Homes?
There are too few affordably priced homes to meet current housing demand, and builders are struggling to close that gap
Education + Training
Santa Fe College Construction Students Build 13th House for Habitat for Humanity
A group of Santa Fe College students with the Charles R. Perry Construction Institute recently completed the program's 13th home for a local family in need
Multifamily
Lebron James I Promise Program Opens New Akron Housing Complex
A LeBron James-backed I Promise affordable housing complex opened its doors to 50 families in Akron, Ohio, this week
Environmental
Arizona Sets Limits on Phoenix Construction as Drought Worsens
The Arizona Department of Water Resources is restricting new housing construction in the Phoenix metro area that depends on groundwater
