Builders pull back from new construction once again in April
Builders are navigating a complex mix of elevated costs, rising mortgage rates and waning consumer confidence, which is weighing heavily on the market
by Richelle Hammiel May 16
Here's why builders are slamming the brakes on new apartments
Building permits for multifamily units have plunged 27.1 percent from their pandemic-era highs, with new rentals now hitting the market at the slowest pace on record, according to Redfin
by Richelle Hammiel May 5
Tariff threats prompt builders to pump brakes on new construction
Housing starts fell 11.4% in March, a modest improvement from 2024, according to Census data released Thursday, with 1 economist describing the slump as 'well below consensus expectations'
by Richelle Hammiel Apr 17
Housing starts beat expectations in February but headwinds loom
Privately owned housing starts rose 11.2% but still fell behind February 2024 activity, according to data released Tuesday. Single-family home construction rose 11.4% to 1.1M on a monthly basis
by Richelle Hammiel Mar 18
How a construction niche produced 1 of the top luxury agents in the US
The former No. 1 Engel & Völkers Americas agent tells Inman how real estate professionals can build top businesses by targeting a niche
by Lillian Dickerson Sep 15
6 real estate agent tips for partnering with new-home builders
To work with builders, your skill level has to be at the next level. From communication to presentation to organization to marketing — raise the stakes to develop these relationships
by Darryl Davis Jan 3
Sales declines, price drops and the return of buyer incentives: Oh my!
It’s getting hairy out there for homebuilders as construction leaders report that buyers are losing interest in pricy new properties now that mortgage rates have climbed, according to a new survey
US housing starts hit fastest pace in 16 years
Privately owned housing starts increased 0.3% from revised February figures to a seasonally adjusted annual rate of 1.79M, according to US Census Bureau data released Tuesday
by Lillian Dickerson Apr 19
Tough as nails: Women in construction on getting opportunities today
The construction corporate ladder is a lot steeper for women than men, according to the professionals Inman spoke with, who reported feeling singled out and having to work harder to earn opportunities
by Lillian Dickerson Mar 31
Rent growth catching up to home price increases in major cities
In 2021, East Coast rents made steady gains while West Coast rents remained stilted — until recently, a new report released Tuesday from Zumper reveals
by Lillian Dickerson Oct 26
New home sales see modest gains for 2nd consecutive month
Sales of newly built single-family homes hit a seasonally adjusted annual rate of 740,000 in August 2021, up 1.5% from the revised July rate, according to the US Census Bureau
by Lillian Dickerson Sep 24
Multifamily housing starts deliver August surprise; single-family falls
Privately owned housing starts beat expectations in August while single-family starts declined by nearly 3%, according to data issued Tuesday by the US Census Bureau
by Lillian Dickerson Sep 21
Startup homebuilder Welcome Homes hires former Compass sales manager
With the hire of Benjie Burford, Welcome Homes is poised to grow its personnel by 500% and expand into multiple new markets by next year, according to company officials
by Lillian Dickerson Jul 29
Residential construction rose in May, despite material challenges
Single-family housing starts rose modestly, but housing completions and building permits dropped from the previous month, according to the US Census Bureau
by Lillian Dickerson Jun 16
After stellar March, new home sales reverse course, dip 6% in April
The decline follows a record month for new home sales, when they hit a 15-year high of more than 1 million in March, according to new data from the US Census Bureau
by Lillian Dickerson May 25