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Rental Units Make Up Majority of New Multifamily Construction

Rental units made up 95.2% of all multifamily construction starts for the second quarter of this year, a likely response to the shifting demand…

Building Materials

Toll Brothers CEO Expects Lumber Prices to Remain Low

Toll Brothers CEO Doug Yearley told CNBC this week that the effects of dropping lumber prices will be seen in the second half of next year. He…

Labor + Trade Relations

Construction Sector Welcomed 11,000 More Jobs in July

Nonfarm employment increased across 47 states in June, but the construction sector did not experience such widespread worker growth. Just three…


Buyers Want Larger Homes, Second Quarter Home Construction Delivers

The median and average sizes of a new single-family homes are up, and the National Association of Home Builders says the pandemic-fueled demand…


Townhouse Construction Reaches 14-Year High

Housing market conditions have paved the way for the best quarter for townhouse construction in 14 years, according to an analysis of Census data…

Built for Rent

Single-Family Built-for-Rent Projects Continue to Increase

As demand for single-family homes continues but affordability challenges emerge, developers and builders are increasing construction for single-…

Market Data + Trends

Home Builder Sentiment Drops to Lowest Level Since 2020

Home builder sentiment dropped to its lowest level since July 2020 amid continued labor and building material challenges. The National Association…


Single-Family, Multifamily Permits Continue to Increase

Single-family and multifamily permits are up in all four regions with the Northeast leading for both sectors. The total number of single-family…

Off-Site Construction

Builders' Changing Views of Off-Site Construction Technologies

Many home builders searching for solutions to address ongoing industry challenges see off-site construction technologies as an answer, according…

Building Materials

Lumber Executive Says Lower Prices Have Rekindled Building Interest

Kyle Little, COO of New York-based lumber distributor Sherwood Lumber, says current lumber prices have welcomed more construction projects,…

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