modular construction

  • Fed holds benchmark rate

    Fed holds benchmark rate

    On Oct. 28, 2026, the Federal Reserve held its benchmark interest rate target range at 3.75%–4.00%. In a 10-2 vote,…

    by

    Sofia Feeney

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Latest News

  • New home sales hold steady in September

    New home sales hold steady in September

    According to the New Residential Construction Report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of new single-family houses hold strong at a seasonally adjusted annual rate of 676,000 in September 2026.

    This is a minor 0.6%  decline from a bright August report and a 5.3% year-over-year dip. The median sales price recorded at $400,400, up 3.9% month-to-month, yet is down 3.9% compared to the year before.

    Total for-sale inventory slowed to 476,000 units, bringing supply down to an 8.4-month pace.

    “Affordability remains a significant hurdle for prospective home buyers,” said Bill Owens, chairman of the National Association of Home Builders (NAHB). “Builders continue to offer incentives and adjust pricing to attract buyers, but elevated mortgage rates and high home prices are limiting the number of households that can afford to purchase a home.”

    Overall, resilient buyers, particularly in price tiers under $400,000, made up over half of all sales. This signals continuing opportunities for homebuilders operating targeted incentives, which, according to NAHB, 65% of homebuilders offer.

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  • New home sales outperform expectations

    New home sales outperform expectations

    According to a report from Realtor.com, new home sales performed better than expected in September, as homebuilders increasingly used incentives to entice hesitant homebuyers.

    According to the U.S. Census Bureau and the Department of Housing and Urban Development, contract signings for new-construction properties reached a seasonally adjusted annual rate of 676,000 in September. This is 0.6% below August’s figure and down 5.3% from a year earlier, but more than the 653,000 forecast.

    New home sales in the Northeast rebounded 28% higher than last month and 10.3% higher than 2025. However, all other regions in the U.S. posted declines.

    Throughout 2026, builders have contrasted an unsteady housing market with buyer incentives, a strategy that has proven successful as sales outperform expected rates.

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  • NKBA announces Thirty Under 30 Class of 2027

    NKBA announces Thirty Under 30 Class of 2027

    The National Kitchen and Bath Association (NKBA) announced its Thirty Under 30 Class of 2027. This recognition celebrates exceptional young leaders whose passion, vision and creativity are shaping the future of the kitchen and bath industry.

    The Thirty Under 30 Class of 2027 will be officially honored at KBIS from February 2 to 4 in Las Vegas.

    “Being selected as a member of the NKBA Thirty Under 30 Class was a true honor,” said Cayleigh McCusker, Class of 2026. “To be recognized by your peers and colleagues in the industry as deserving for such an achievement is really a testament to the hard work paying off. Becoming part of this young, talented and driven group of individuals was a goal I set for myself, and I couldn’t be happier that it came true.”

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  • Tri Pointe Homes acquires 40 acres in Arizona for $20 million

    Tri Pointe Homes acquires 40 acres in Arizona for $20 million

    Tri Pointe Homes acquired roughly 40 acres in East Mesa, Ariz., for $20 million. This deal expands the builder’s offerings in the area with plans for a new gated community, Ascension.

    Ascension is expected to include 46 single-family homes across four distinct designs, ranging from 4,304 to 5,137 square feet.

    Land development is slated for Q4 2026, with sales expected to launch in Q1 2028.

    “Tri Pointe Homes is selective about where we invest and what we can uniquely bring to a market and Ascension adds something very intentional to our East Valley presence,” said James Attwood, Division President of Tri Pointe Homes Arizona. “This location gives us an opportunity to pair the advantages of an established city with a limited collection of premium homes designed to give homebuyers greater space, flexibility and a more intimate community experience. Mesa’s recognition as one of America’s best-run cities 1 further reinforces why we see long-term value here.”

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