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
Environmental
Despite a Worsening Water Shortage, Developers Are Mapping Out New Projects in Phoenix Desert
Arizona's water supply is rapidly disappearing, but that's not stopping new developers from taking over the dry West Valley of Phoenix
Single-Family Homes
Single-Family Permits Fell Sharply Throughout 2022
Single-family building permits decreased in all four regions in November 2022, but multifamily permitting closed out the year with strong gains
New-Home Sales
New Listings Fall as Total Single-Family Inventory Rises at the Start of 2023
New-construction projects are boosting housing inventory and sustaining high home prices even as would-be sellers pull back
New-Home Sales
Why First-Time Buyers Should Consider New Construction
Entry-level homebuyers opting for resale homes to save money upfront are missing out on a number of affordable benefits that come with purchasing new construction
Market Data + Trends
Will Inventory Fall to All-Time Lows Again in 2023?
Despite a sudden uptick in purchase applications, total housing inventory is on the verge of falling below 1 million for only the second time in recent history in 2023
New-Home Sales
Debunking the Myths—Why Buying a New-Construction House May Be a Better Alternative
First-time buyers have traditionally strayed from new-construction homes in favor of more affordable existing houses, but buying new also offers a number of can't-miss benefits
New-Construction Projects
As Builders Struggled to Find Lots, 9 Percent of All New Homes in 2021 Were Teardowns
An elevated share of new homes completed in 2021 involved a structure that had to be torn down and rebuilt
New-Construction Projects
Housing Starts Slumped in November Despite Retreating Mortgage Rates
Mortgage rates fell slightly throughout November, but despite a gradual improvement in housing affordability, new housing starts and building permits posted monthly declines
New-Construction Projects
A Record Number of Housing Units Were Under Construction in November
Single-family housing starts are declining, but a sharp rise in multifamily construction sent the total share of new housing starts to a record high in November
New-Construction Projects
As Homebuyer Demand Wanes, Single-Family Construction Is Slowing
After a period of speedy development in high density markets, single-family construction is slowing nationwide
