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Fed Economist Forecasts Uptick in Single-Family Construction

Pro Builder

Fed Economist Forecasts Uptick in Single-Family Construction. 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 NAHB reports. New-Construction Projects. New-Construction Projects.

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

Pro Builder

Single-Family Starts Fall to Two-Year Low as Construction Costs Rise, Demand Softens. The pace of single-family housing starts is slowing, but over 800,000 homes are currently under construction across the U.S. There are currently 856,000 apartments under construction, up 24% from a year ago. New-Construction Projects.

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NAHB: Sales Continue to Overpower Construction Starts

Pro Builder

NAHB: Sales Continue to Overpower Construction Starts. Low interest rates, a significant housing inventory deficit, and changing views on housing have bolstered the construction industry like no other, but the demand does not meet the reality of new construction. Combined with the low level of inventory at a 3.6-month

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Housing Outlook: Is This a Recession … or Not?

Pro Builder

“I think we can confidently say we're now in a housing recession,” says Robert Dietz, chief economist and SVP for Economics and Housing Policy for the National Association of Home Builders ( NAHB ). Residential building permits dropped by 15,594, or 10.1% NAHB Chairman’s Message: Members Urge Action on Housing Crisis.

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PSMJ Resources Blog: Residential Construction Continues to Struggle

PSMJ Resources

Residential Construction Continues to Struggle. A sluggish economy, a soft job market, a large inventory of foreclosed homes, the threat of additional foreclosures, and difficulty in obtaining financing for both potential homebuyers and for builders continue to act as a drag on the housing market. Construction Marketing Ideas.

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Single-Family Residential Market Faces New Challenges Ahead in 2022

Pro Builder

December 2021 saw a month-over-month increase in permits, starts, and completions, indicating a year of strong building ahead. Both the residential construction industry and the U.S. Nonetheless, supply chain problems remain a drag on the pace of new construction. Market Data + Trends. Housing Markets. Market Data + Trends.