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Construction

June Housing Starts Remain Strong, Permits Continue to Weaken

Housing production remained strong in June, says the National Association of Home Builders, but rising construction and material costs may be the…

Construction

What Does a Drop in Building Permits Mean for Future Construction?

Data released this week from the U.S. Census Bureau point toward a slowdown for new-home construction. CNBC reports that single family housing…

Building Materials

Why Buyers Won’t Find Relief in Lower Lumber Prices

Homebuyers will not see lower home prices due to dropping lumber prices because it’s just one factor among many others causing builders to raise…

Builders

Texas Builder Promises Buyers it Will Stay True to Contractual Prices

While other home builders have upped the cost of a project amid rising materials costs, one Texas builder said he chose to put his company’s…

Building Materials

Other Building Materials Keep Costs Up as Lumber Prices Fall

The National Association of Home Builders estimated the cost of lumber added $35,872 to the cost of a new single-family home back in April. Now…

Construction

NAR Study Says Years of Underbuilding to Blame for Housing Shortage

The United States needs anywhere from 5 million to 6.8 million more housing units to meet housing needs, according to a recent study by the…

Construction

The Leading Cause of New Home Structural Failures? Fill Dirt

As the leading cause of new home structural failures, fill dirt is one of the most important structural elements of a home. And when fill dirt…

Economics

Will New Lumber Prices Lower Home Prices?

Now that lumber prices have fallen near pre-pandemic levels, the cost of constructing an average single-family home is now cheaper, but builders…

Building Materials

OSB Costs 500% More Since 2020

While the country’s eyes and ears were locked onto the changes of lumber prices, other building material costs shot up, such as oriented strand…

Building Materials

Lumber Prices Drop 21% in Five Days—When Will it Normalize?

In just five days, the price of lumber fell 21% to $642 per thousand board feet. Lumber prices hit a record high on May 7 at the price of $1,670…

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