Housing in 2024: Challenges, Trends, and the Road Ahead
The U.S. housing market in 2024 was marked by economic resilience, persistent affordability challenges, and shifting market dynamics. While the
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Author: Editorial Staff
Exploring the Financial Impact of Inclusivity on Residential Construction Businesses
Business models may vary, but a common characteristic of many of the most successful businesses is having a diverse staff.
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OSHA Updates PPE Fit Requirements for Construction Workers
The Occupational Safety and Health Administration (OSHA) today published a final rule revising its personal protective equipment (PPE) fit requirements
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Home Sales Are Set to Rebound. The 10 Hottest Housing Markets for 2025.
Home sales will rebound next year, prices will rise at a slower pace, and metro areas like Boston; Phoenix, and
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Inflation Remains Sticky Despite Easing Housing Costs
Inflation picked up to 2.7% in November, while matching expectations, the last mile to the Fed’s 2% target proves to
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Building Material Prices Increase in November Led by Lumber
Prices for inputs to new residential construction—excluding capital investment, labor, and imports—were unchanged in November according to the most recent
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New York City makes sweeping zoning changes to address housing crisis
The New York City Council recently approved a plan that city officials are calling the “most pro-housing zoning proposal” in
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Increased Construction in Low Density Areas is the New Status Quo
More residential construction is occurring in low density suburbs and outlying areas because of several factors that affect housing affordability,
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5 housing market predictions for 2025, according to economists
The median asking price for a home in the U.S. will likely rise 4% over the course of 2025, a
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Perry Homes Acquires MasterCraft Builder Group, Expanding Operations in Florida
Perry Homes, one of the largest privately held homebuilders in the U.S., today announced the acquisition of MasterCraft Builder Group,
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Mortgage Rates Rise in November Amid Post-Election Market Volatility
Mortgage rates climbed in November, driven by market volatility and a surge in Treasury yields following the recent elections. On
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Founded With a Vision to Redefine the Homebuilding Industry
Tri Pointe Homes® was founded in 2009 with a vision to redefine the homebuilding industry through innovative design, an elevated
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2024 in Review and a Look Ahead to 2025: What Trump Has in Store for the Housing Market
In general, an article reviewing the housing market’s current year and the one around the corner would focus on the
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HBGI Q3 2024: A New Status Quo for the Geography of Residential Construction?
Residential construction has remained in low-density suburbs and outlying areas, according to the National Association of Home Builders’ latest release
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Construction Labor Market Continues to Ease
After a period of slowing associated with declines for some elements of the residential construction industry, the count of open
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Private Residential Construction Spending Rises in October
Private residential construction spending increased by 1.5% in October, according to the latest U.S. Census Construction Spending data. Year-over-year, the
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Where Residential Construction Thrives: Metro Area Hotspots for Jobs and Businesses
The residential construction industry plays a crucial role in driving economic growth and local community development. It has a lasting
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Housing Forecast 2025: Mortgage Rates To Stay Above 6% as Home Prices Grow
Mortgage rates will continue to average above 6% next year, and home prices will keep rising, the Realtor.com® economic research
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Lennar Homes Subsidiary Opens 240-Unit Cordelia Luxury Highrise Apartment Community for Leasing in Florida Market of Sarasota
Quarterra Multifamily, a subsidiary of Lennar Corporation and a multifamily apartment developer, property manager, and asset manager, announced the start
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Immigrant Share in Construction Sets New Record
Reflecting the sharp increase in net immigration of recent years, the number of new immigrants joining the construction industry rose
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Flat Conditions for Custom Home Building
NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates relatively flat conditions
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October New Home Sales Down on Higher Rates
Steadily rising mortgage rates coupled with ongoing affordability challenges kept many potential home buyers on the sidelines in October. Sales
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Home Prices Continue to Decelerate
Home price growth continued to slow in September, growing at a rate just below 4% year-over-year. The S&P CoreLogic Case-Shiller
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Private Residential Construction Spending Rises in October
Private residential construction spending increased by 1.5% in October, according to the latest U.S. Census Construction Spending data. Year-over-year, the
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State-Level Employment Situation: October 2024
According to data from the NAHB, nonfarm payroll employment increased in 21 states in October compared to the previous month,
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Families Must Spend 38% of Their Income on House Payments
In another sign of America’s ongoing housing affordability crisis, the National Association of Home Builders /Wells Fargo Cost of Housing
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Existing Home Sales Rebound in October
Existing home sales in October rebounded from a 14-year low and posted the first annual increase in more than three
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Multifamily real estate is entering a state of transition
As 2024 winds down, multifamily real estate is in a constant state of flux, driven by evolving tenant preferences, regional
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Single-Family Home Size Nearing Turning Point?
An expected impact of the virus crisis was a need for more residential space, as people used homes for more
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Best Quarter for Multifamily Missing Middle Construction in 17 Years
The missing middle construction sector includes the development of medium-density housing, such as townhouses, duplexes and other small multifamily properties.
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Second Homes Decline, but Key Markets Retain Strong Presence
In 2023, the number of second homes in the U.S. dropped to 5.7 million, accounting for 4% of the nation’s
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