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10 Cities That Will Dominate Home Construction in 2021

Pro Builder

The Realtor.com data team took a look at which parts of the country could get some relief with some brand-new inventory. Amid soaring home prices and crazy bidding wars, builders trying to put a dent in the insatiable demand for housing have applied for 14% more permits so far this year compared with the same 2020 period, per the U.S.

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Fed Economist Forecasts Uptick in Single-Family Construction

Pro Builder

After decades of underbuilding and a recent shift to remote work, Rappaport predicts that national single-family permits could eventually rise to a long-term annual rate of 1.4 million, but a number of challenges remain for regional builders across the U.S., NAHB reports.

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The Desert Comfort Experience Home: Navigating a Perfect Storm to Get Construction Underway

Pro Builder

The Desert Comfort net-zero energy home in the Arizona desert weathered its share of delays before construction even started, highlighting inefficiencies in building industry permitting and inspections processes—all exacerbated by the pandemic. When the pandemic first hit in early 2020, Maricopa County, Ariz.—which Andrew Hunt.

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Single-Family Starts Fall to Two-Year Low as Construction Costs Rise, Demand Softens

Pro Builder

Prolonged supply-chain delays, rising interest rates, and elevated construction costs have created a roadblock for single-family starts in a market desperate for new inventory. in June to a 982,000 seasonally adjusted annual rate, the slowest pace of new housing starts since June 2020, NAHB Eye on Housing reports.

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2020 Housing Giants Report: The Magnificent Middle

Pro Builder

2020 Housing Giants Report: The Magnificent Middle. Wed, 06/03/2020 - 13:00. 2020 Housing Giants Ranked. Offering a mix of starter and first- and second-move-up product priced from the $380,000s to $800,000s, most of it presold, the company made plans to expand into nearby Yolo County in 2020. Then there’s No.

Housing 86
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2021 Housing Giants Report: An Unforgettable Forgettable Year

Pro Builder

New and old challenges confronted the housing industry in 2020, and it may never be the same. How will 2020 be remembered in the history of the U.S. It’s kind of hard to remember (or maybe simply not worth the brain space) just how strongly 2020 started for new housing. By July, estimated annual permits were back to 1.54

Housing 105
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2020 New-Home Sales Hit 14-Year High

Pro Builder

2020 New-Home Sales Hit 14-Year High. New single-family homes sold nearly 20% more in 2020 than in 2019, likely due to the shortage of existing homes on the market. According to Zillow, last year was the best year for new-home sales since 2006, thanks to low mortgage rates, low inventory, and the pandemic. cbroderick.