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Homebuyer Competition Drops to Lowest Level in Two Years

Pro Builder

Homebuyers are taking a break from bidding wars as home prices become increasingly unaffordable for a growing number of Americans. The nationwide bidding war rate fell below 50% in June for the first time since May 2020 as a result of inflated housing costs pushing a growing number of would-be buyers to the sidelines. a year earlier.

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Home Sales Slow as Buyers Pull Back, but Not All Regional Markets Are Cooling Equally

Pro Builder

Earlier this year, homes listed on the market sold in an average of just 21 days on the frontlines of heated bidding wars. days before closing, and warmer areas like Raleigh are seeing similarly speedy sales, says Realtor.com. Prior to the pandemic in June 2019, the Raleigh area had 10.8 Fowler says the number now sits at 3.3

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Home Sales Fell 19% Year-Over-Year in July to Lowest Level Since 2020

Pro Builder

The buyers who are still in the game are finally getting a break from bidding wars, which means they can be picky,” said Raleigh, NC Redfin agent Pam Lewis. After two years of double-digit increases, home prices grew by just 7.7% Three months ago, buyers were saying, ‘get me a building with four walls and I’ll make it work.’

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How masonry software can improve detailing and design

Construction Specifier

By Dave Jackson In North Carolina’s Research Triangle area, which includes cities such as Raleigh, Durham, and Cary, local architects choose masonry as the preferred building material to achieve a modern, clean look for the pharmacological and, bio-research, and technological firms flocking to the region. Photos courtesy Echelon Masonry.

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Secrets of a structural engineer

BD+C

After a time I transferred to the firm’s Raleigh, North Carolina office to build a structural engineering department in their MEP focused office. In addition to engineering, my responsibilities now included meeting with new clients and convincing them to use our firm to provide the structural engineering for their project.

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FMI Warns Craft Labor Shortage May Slow Construction

Construction Superintendent Magazine

RALEIGH, N.C. -- Surveying members of the Construction Personnel Executives Group, FMI reports, “24 percent of respondents will be unable to bid more work and 32 percent will experience slow growth if their companies cannot reasonably meet the need for skilled labor and tradespeople.” took part in the survey.

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SPECIAL REPORT: The Carolinas Are Bringing The Business

Buisness Facilities Contributed Content

Its products will be primarily sold to law enforcement but the company also anticipates bidding on contracts for the military and state agencies. The company that provides market intelligence, data and technology solutions to capital markets and corporate professionals around the world will invest more than $3 million in its Raleigh location.