New-home sales dropped almost 7 percent over the previous month in January, and decreased four percent annually, surprising industry experts amid recent growth in builder sentiment.
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.
Silicon Valley startup and nonprofit New Story and Austin-based construction technology company Icon are taking on new-home construction and affordability by way of 3D printing.
The latest annual report by the Joint Center for Housing Studies of Harvard University covers the state of the U.S. home remodeling market, following lags in the building sector.
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.
New analysis tracks housing starts in nonmetropolitan areas. From 2011 to 2017, single-family housing starts in these areas grew 40 percent, versus 97 percent growth for total single-family homes started.
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.
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.
