While millions of units are expected to be developed in the coming years, developers are expected to open 460,860 rentals by the end of December. However, a new RentCafe study revealed even that may not be enough to keep up the pace with surging nationwide rental demand as more and more Americans opt for renting over buying.
Read More »Construction Materials, Overall Industry Continue Downward Slide
A new report finds that labor issues continue to be a concern in the industry, with a decreased skilled labor pool magnified by an increase in the number and size of certain projects.
Read More »Neighborhood Homes Investment Act to Expand Affordable Homeownership Opportunities
Senators Ben Cardin (D-MD) and Todd Young (R-IN) have introduced a new initiative to help revitalize communities, announcing some 500,000 homes could be constructed, renovated and sold under the bipartisan bill.
Read More »Mortgage Application Activity Falls to 22-Year Low
Rising rates and a dwindling demand for refis has pushed mortgage applications down for a third consecutive week, falling to lows last seen in 2000.
Read More »Last Chance to Register: The State of Construction Lending Webinar
On Thursday, the Five Star Institute will partner with Granite Risk Management to present a webinar featuring panel of capital and risk management service providers discussing current trends and the future of the business.
Read More »Builder Confidence Sinks to 13-Month Low
Increased costs and a bottlenecked supply chain have resulted in a dip in home building, even putting a hold on some new home sales.
Read More »Cost of Materials Restricting Home Construction Growth
The demand for home inventory continues, despite contractors being impacted by cost increases, supply shortages, and transport bottlenecks.
Read More »Decline in Construction Workforce Stunts Housing Inventory
With the demand for homes at an all-time high, new construction has been dampened by a drop in the number of workers.
Read More »Housing Supply Gets March Jump Start
Despite the rising cost of building materials and poor February weather, housing starts took off in March reaching new 15-year highs.
Read More »Housing’s Economic ‘Cushion’
According to a recent report, increased residential construction spending could help limit the negative effects of capital-spending weakness.
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