Housing Policy + Finance How the Biden Administration Might Affect the Luxury Housing Market Politics can have both an indirect and direct impact on the housing market, and with promises to make big changes to the country’s economy,...
Building Materials New Homes Cost $24,000 More Due to Lumber Prices, Says NAHB In April 2020, softwood lumber prices rested at $350 per thousand board feet. Ten months later, that price is now $975 per thousand board...
Construction Commercial Builders Turn to Residential Sector as Fallback As residential construction booms, commercial projects face delays, closures, and even cancellations amid little demand. Some commercial...
Construction New-Home Sizes Level Off, Pointing Toward Future of Larger Homes Following years of steady decline, the size of new homes leveled off at 2,274 square feet in 2020. The National Association of Home Builders...
Coronavirus Resources and Information Online Homebuying Makes Way for Sight Unseen Bids With the increase in virtual selling tools and shortened listing times, making a bid on a home sight unseen has become easier and more...
Build to Rent Single-Family Built-for-Rent Inventory Jumps 50% From 2019 Construction starts for single-family, built-for-rent homes increased 50% last quarter compared to the fourth quarter of 2019. Built-for...
Market Data + Trends Home Values Increase Up to 9% Year-Over-Year Nationwide Zillow’s January market report shows steady growth for home values, shortened listing time, and a strong year for home sales. Home values...
Building Materials Lumber Prices Double Amid a 12% Decline in Housing Starts As lumber prices doubled in price, the number of new single-family construction starts dropped dramatically from December numbers. According...
Design Homeowners Want More Privacy—Here’s How Builders Can Help A recent survey by John Burns Real Estate Consulting revealed that many homeowners are concerned about a lack of privacy, both inside and...
Financials Homeownership Remains the Largest Asset for Households Homes remain the primary source of household wealth, according to the Federal Reserve’s 2019 Survey of Consumer Finances. Homeownership...
