In Summerlin, Nev., home builder Toll Brothers' Mesa Ridge community will offer its residents Smart Home Lockers to protect packages from inclement weather and theft.
In 2018, townhome construction was up, and surpassed other sectors throughout the year. Despite some market softening in the fourth quarter, experts predict "further expansion" for townhome construction in 2019.
Greg Ugalde, president of Connecticut-based builder T&M Building Co. and new chairman of the National Association of Home Builders recently spoke with the Associated Press about the industry.
The latest release of jobs data from the Bureau of Labor Statistics show that the construction industry, both residential and nonresidential, lost 31,000 jobs in February 2019.
In January 2019, single-family housing starts bounced back after declining four consecutive months to a seasonally adjusted annual rate of 1.230 million units.
As climate change increases wildfire risk and intensity globally, researchers are working to make homes fire-resistant. In two of California's wildfires last year, nearly 14,000 homes were razed to the ground.
Canadian billionaire Peter Gilgan is stepping down as chairman for Toronto-based home builder Mattamy Homes to create a new parent investment company, Mattamy Asset Management Inc.
Michael Tachovsky, an economics expert and consultant in real estate damage at Landmark Research Group, is weighing in on how the real estate industry can minimize future wildfire risk.
In December 2018, total residential construction spending posted the first annual loss, 1.3 percent, since 2011. But, multifamily construction spending had a record high, 3.1 percent, to a $65.2 billion annual pace.
Last week, the average rate for 30-year fixed mortgages fell to the lowest rate in more than 12 months, 4.35 percent. The Federal Reserve's "patient approach" of late has helped buoy builder stocks, but experts say that strong affordability headwinds re