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Brick giant to mothball plant as housing demand drops

Construction Enquirer

Forterra is cutting production as housing work stutters including the mothballing of its Howley Park brick factory. ” The update revealed a 24% drop in revenue for the four-month period ending 30 April 2023 to £109m from £143m last time as demand slumped in the housing sector. hike last October. ” . ”

Housing 103
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Americans Hindered by Low Housing Affordability Want Action From Policymakers

Pro Builder

Americans Hindered by Low Housing Affordability Want Action From Policymakers. Over 75% of all Americans are impacted by a lack of affordable housing, and they're growing impatient with seemingly apathetic policymakers. The nation needs more housing and Americans want the federal government to support more new home production.

Housing 52
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Boise, Phoenix Prep for Big Changes Ahead After Years of Record Home Sales

Pro Builder

The nation's hottest housing markets aren't so hot anymore. Overpriced metros like Boise and Phoenix are seeing prices drop, sales slow, and inventory levels surge amid a major market cooldown. Regional housing markets that became the most detached from underlying economic fundamentals are now cooling the fastest.

Phoenix 52
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An Influx of Young Homebuyers is Coming—Here’s How to Target to Them

Pro Builder

Strong housing demand is expected to continue through the next few years as the largest age group in the country enters the median entry-level buyer age of 33. According to John Burns Real Estate Consulting, the largest age group in the U.S. An Influx of Young Homebuyers is Coming—Here’s How to Target to Them. cbroderick.

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Active Adult Buyers Are Back, Here’s What to Know

Pro Builder

Active adult homebuyers are an important component of the current housing demand now that they feel safer with in-person sales and have increased confidence in selling. In order to better suit your sales for active adults, John Burns Real Estate Consulting gathered four tips for success. Mon, 09/28/2020 - 09:47.

Arizona 105
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Three Reasons Why It's a Good Time to Rent

Pro Builder

John Burns Real Estate Consulting (JBREC) predicts a fresh wave of rental demand on the horizon as inventory remains low and buyer demand remains high. Inventory of existing homes dipped 27% year over year in the first quarter of 2021, with regional markets offering just two months of supply. cbroderick. Mon, 05/17/2021 - 09:18.

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High Single-Family Rent Brings Investors Back Into the Market

Pro Builder

For the first time since before the pandemic hit, all major metropolitan housing markets covered by CoreLogic showed positive rent growth. The ongoing preference toward more living space — and slim for-sale inventory — is forcing would-be buyers back into renting, putting significant strain on the single-family rental market.”.