New Construction News

Single-family housing starts fall for fourth month in a row in June 

The pace of new multifamily construction, however, jumped, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

Surprise surge in new-home sales in May as median price falls 

New-home inventory rose to 444,000 homes in May from 437,000 homes in April, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.  

Housing starts plunge in May amid uncertain economic conditions 

New-home completions rose during the month, however, with the increased inventory representing a rare bright spot in an otherwise gloomy government report. 

New residential sales fall in April as home prices, mortgage rates continue to climb 

The rate of new single-family home sales fell 16.6% from March’s revised number, while the median sales price jumped to $450,600 from March’s revised median house price of $435,000. 

New-home sales fall again in March 

Low inventory and rising interest rates have reduced prospective homebuyer purchasing power. 

New-home sales fall again in February 

Affordability and supply-chain issues continued to weigh on the sales of new single-family residences.

New-home construction picks up in February  

“More groundbreaking is welcome news for a supply-starved housing market.” — First American deputy chief economist Odeta Kushi 

High prices, construction bottlenecks crimp new-home sales in January

“Builders are entering 2022 with backlogs that they are having a hard time completing due to material and labor shortages, and new-home prices are sitting near a historic high.” — First American Deputy Chief Economist Odeta Kushi

Despite strong demand, builder confidence ebbs in February on supply-chain woes 

“Production disruptions are so severe that many builders are waiting months to receive cabinets, garage doors, countertops and appliances.” — NAHB Chairman Jerry Konter 

Housing starts fall in January

Single-family housing starts fell 5.6% from December’s revised estimate to 1,116,000, while multifamily starts slid 2.1% to 510,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.

2021 ends with a bang in new-home sales 

Builders started to make headway against supply-chain issues that have hampered construction of homes in the face of high demand. 

Housing starts rise in December on strong multifamily sector

While multifamily starts surged 13.7% compared to November, the pace of new single-family housing construction slid 2.3%, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

New-home sales soar 12.4% in November

The median sales price of new homes hit a new high of $416,900.

New-home construction ramps up in November as demand stays high

“November’s housing starts report signals strength for the housing market.”  — First American deputy chief economist Odeta Kushi

Builder confidence rises again in December despite inflation fears, production bottlenecks

“While 2021 single-family starts are expected to end the year 24% higher than the pre-Covid 2019 level, we expect higher interest rates in 2022 will put a damper on housing affordability.” — NAHB chief economist Robert Dietz

Seattle new construction shortfall tops 113,000 homes

There may be a construction boom, but builders still have a lot of ground to make up from a decade of underbuilding, according to a new report from Zillow. Builder efforts are hampered by continued supply chain disruptions and

Oops! We could not locate your form.