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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New This Week
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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Top Patio Trends: Looking Back at 2024 and Leaping into 2025
According to the NAHB, as the boundaries between indoor and outdoor living continue to blur, patios have evolved into sophisticated
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Builder Confidence Moves Higher as Election Uncertainty is Lifted
According to the NAHB, builder sentiment improved for the third straight month and builders expect market conditions will continue to
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Workforce Housing Directive To Bolster Economic Development and New Home Construction in Virginia
Virginia will help fund housing construction near major business developments, Gov. Glenn Younkgin announced this week. A new executive order,
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Here Are Three Approaches To Increase U.S. Housing Supply
To address the U.S. Housing Shortage, real estate professionals emphasize the need to increase housing supply by building homes in
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FHFA to Raise the 2025 Multifamily Loan Caps for Fannie, Freddie by 4%
The Federal Housing Finance Agency (FHFA) is increasing the multifamily loan purchase cap for Fannie Mae and Freddie Mac to
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High School Construction Students Build Homes for Veterans
Trade school students from Decatur Central High School in Indianapolis helped secure roof trusses and bolt wood frame walls as
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Framing Lumber Prices Continue to Surge Amid Election Optimism and Interest Rate Cuts
For the sixth week in a row, Fastmarkets reports Random Lengths Framing Lumber Composite Price gained, climbing to $441 from $11.
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Mortgage Activity Declines in October as Mortgage Rates Increase
The Mortgage Bankers Association reports a decrease of 13.9% in mortgage loan application volume for the month of October. Whether
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NAR Chief Economist Lawrence Yun Forecasts 9% Increase in Home Sales for 2025 and 13% for 2026, with Mortgage Rates Stabilizing Near 6%
There’s good news. According to NAR Chief Economist Lawrence Yun, mortgage rates are stabilizing, job additions are continuing, and the
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How Zoning Regulations Affect Affordable Housing
Zoning policies expand or restrict affordable housing builds. Local governments set in place various zoning ordinances for commercial, industrial and
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Four Forces Shaping the Future of Housing
According to John Burns Research and Consulting, four factors contribute to demographic shifts, which impact the future of housing. Those
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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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CBRE Report: Shifts in Housing Preferences Signal BTR Opportunity
The Build-to-Rent sector continues to thrive, driven by favorable market conditions, including lower resident turnover and people migrating toward more
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Bright Prospects for Builders Amid Shifting Home Sales
In September 2024, existing-home sales declined year-over-year in the South, Midwest and Northeast — the West saw some modest growth.
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Declines for Residential Construction Loans
Residential construction loan volume experienced its largest year-over-year drop since 2012 during Q2 2024, as reported by NAHB. This slowdown
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Enter the Best of KBIS Competition at KBIS 2025
The kitchen and bath industry’s top awards program, The Best of KBIS, is now accepting entries for 2025. Open to
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Young Adults Poised to Enter Homeownership Despite Market Challenges
The NAHB’s latest analysis highlights the growing difficulty for young adults under 35 to enter the housing market, with homeownership
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New Construction Activity Slows in September, Primarily in Multi-Family Space
New residential construction activity showed a slight decline in September 2024, following a robust month in August. Permits for new
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‘Sizeable’ housing project aims to grow small Upper Peninsula town
A new housing development in Crystal Falls, Michigan, is set to add 68 units to the small Upper Peninsula town,
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KB Home Announces the Grand Opening of Its Newest Community in Leesburg, Florida
KB Home has officially announced the grand opening of Solver Lake Estates, a new community in Leesburg, Florida. As reported
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What’s That Building? Downtown Chicago architecture designed by women
To celebrate the legacy of the Chicago Women in Architecture organization, the city is hosting the “Disrupters” exhibit, showcasing hundreds
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Round Rock housing developer to bring 72 townhomes to Central Texas
A new townhome development in Round Rock, Texas aims to address the housing needs of families and returning residents with
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NAHB Members Take Home Top EPA and DOE Awards
At the recent Energy and Environmental Building Alliance (EEBA) High-Performance Home Summit in Salt Lake City, the EPA and the
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Framing Lumber Prices
The framing lumber composite price increased 2.0% for the week ending on Oct. 18 compared to the previous week. Lumber
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EEBA 2024 Building Excellence Award Winners
The 2024 Building Excellence Awards celebrated outstanding achievements in construction at the High Performance Home Builder Summit, highlighting innovation and
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Housing Market Predictions for Next Year: Prices to Rise by 4.4%
Fannie Mae’s Home Price Expectations Survey (HPES) offers insights into projected U.S. home price changes from 2024 to 2028, as
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