Starter homes cost $1,091 more per month to purchase than rent
As we’ve noted through the years (in both 2022 and 2023), high home prices, elevated mortgage rates, and tight housing
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Newsletter
Newsletter stories for BuilderBytes.com
ASID Announces 2025 National Conference
(Dec. 11, 2024 – Washington, D.C.) – The American Society of Interior Designers (ASID) announced details for its national conference
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Architect Bryan C. Lee Jr., honored with 2025 Whitney M. Young Jr. Award
WASHINGTON – December 13, 2024 – The Board of Directors and the Strategic Council of the American Institute of Architects
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Single-Family Permits Up in October 2024
Over the first 10 months of 2024, the total number of single-family permits issued year to date (YTD) nationwide reached
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OSHA finalizes PPE standard for construction
The rule, effective Jan. 13, will require employers to provide properly fitting equipment to their workers. Improperly fitting PPE can
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ABC: Wisconsin Is the Top State for Construction
WASHINGTON, Dec. 16—Wisconsin is the No. 1 state for construction, according to Associated Builders and Contractors’ 10th annual Merit Shop
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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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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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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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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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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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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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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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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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