Latest News

  • Total housing starts fell 9.4 percent in September to a seasonally adjusted annual rate of 1.26 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department. A decline in multifamily housing starts drove the decline. The September reading of 1.26 million starts is the number of housing units builders would begin if they kept this pace for the next 12... more »
  • Builder confidence in the market for newly built single-family homes rose three points to 71 in October, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index. Sentiment levels are at their highest point since February 2018. "The housing rebound that began in the spring continues, supported by low mortgage rates, solid job growth and a reduction in... more »
  • The National Association of Home Builders' Remodeling Market Index posted a reading of 55 in the third quarter of 2019, remaining stable from the previous quarter. The RMI has been consistently above 50—indicating that more remodelers report market activity is higher compared to the prior quarter than report it is lower—since the second quarter of 2013. The overall RMI averages... more »
  • Houzz Inc.'s Q4 2019 Houzz Renovation Barometer points to strong expectations for home renovation market activity in the fourth quarter of the year. Project backogs, however, remain well below year-over-year levels. “It is promising that expectations in the construction sector bounced back up from some of the lowest that we’ve seen last quarter. The architectural and design sector... more »
  • The Conference Board Consumer Confidence Index decreased in September, following a slight decline in August. The Index now stands at 125.1, down from 134.2 in August. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—decreased, as did the Expectations Index, based on consumers’ short-term outlook for income,... more »
  • Residential building fell 1 percent during August to $305.8 billion, according to Dodge Data & Analytics. Single-family construction was 3 percent lower, overwhelming a 3 percent gain in multifamily starts. On a year-to-date basis, total residential construction was 8 percent lower than during the first eight months of 2018 at $211.3 billion. Single family construction was 6 percent down,... more »
  • Total housing starts rose 12.3 percent in August to a seasonally adjusted annual rate of 1.36 million units from an upwardly revised reading in July, according to a report from the U.S. Housing and Urban Development and Commerce Department. This is the highest level since May 2007, led by a surge in multifamily production. Within the overall 1.36 million units number, single-family starts... more »
  • Modernize released its latest homeowner sentiment report, which summarizes research from thousands of U.S. households that are considering window, roofing, solar, or heating and air conditioning projects. This new wave of the study, conducted on a quarterly basis, covers how homeowners budget for their improvement projects, how they find and select their preferred contractor, and how they plan to... more »
  • The number of women employed in the construction industry rose to 1.1 million in 2018, a number not seen since prior to the Great Recession. During the Great Recession, the number of female in construction declined by almost 30 percent to 807,000 by 2010. From 2010 to 2017, the total remained around 970,000, but remained below the peak of pre-recession levels. In 2018, however, 1.1 million women... more »
  • Sales of newly built, single-family homes fell 12.8 percent to a seasonally adjusted annual rate of 635,000 units in July off a strongly revised upward reading in June, according to data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. On a year-to-date basis, new home sales for 2019 are 4.1 percent higher than the same period in 2018. "Builder confidence... more »