Numbers: U.S. homebuilders began building homes at a seasonally adjusted annual rate of about 1.77 million in February, up 6.8% from revised figures for the previous month, reported Thursday the US Census Bureau. Compared to February 2021, housing starts increased by 22%. Meanwhile, permits for new homes came in at
Waco’s economy had so many bright spots in January that Karr Ingham, the West Texas numbers expert, may have had some nuance when preparing his monthly Greater Waco Economic Index which reveals a record start for 2022. Vehicle sales and non-residential building permits did not join the party, both of
JEFFERSONVILLE, Ind. (WDRB) – New life is coming to a gated section of Jeffersonville. Plans are underway to turn a parking lot that once served Jeffboat employees into a residential area. Howard Yard is one of the first redevelopment projects tied to the Jeffboat site since the barge maker closed
New home construction in Canada is slowing, but remains above pre-pandemic levels. Data from the Canada Mortgage and Housing Corporation (CMHC) shows new housing starts slowed in January 2022. The number of new homes to begin construction fell below last year’s level . Financial institutions expect this to continue for
Construction of new homes in the United States fell in January for the first time in four months, indicating that pandemic-related labor absences have tempered recent gains in construction activity. Residential housing starts fell 4.1% last month to an annualized rate of 1.64 million, according to government data released Thursday.
Another prime property in Celina has changed hands. Builders and developers are purchasing thousands of acres for new residential communities in the Celina area. And to prepare for all the new roofs, the Celina Independent School District has grabbed an 80+ acre site just east of the route of the
Construction underway at Scripps Ranch Hub in 2021. Courtesy of Sudberry Properties The recovery from the pandemic recession has been positive for California commercial real estate, with solid industrial and multi-family housing and retail experiencing “new demand not experienced in years.” That was the word Wednesday from the Allen Matkins/UCLA
Numbers: Homebuilders in the United States began building homes at a seasonally adjusted annual rate of about 1.7 million in December, an increase of 1% from the previous month, the US Census Bureau reported on Wednesday. . Compared to December 2020, housing starts increased by 2.5%. Meanwhile, permits for new
Rob Buono and 513 West Fullerton Parkway (Google Maps, chicagomag.com) The future of a former convent in Lincoln Park appears to be primarily high-end housing. Eight lots totaling 48,300 square feet at the former Cenacle Retreat Center will fetch a total of $21.5 million, Crain reported. The developer, an entity
After Tuesday night’s public hearing, Cannon Beach City Council passed a proposed zoning ordinance amendment that prohibits the joining of adjacent lots to allow for the construction of a larger home. However, council postponed a vote on the hotly debated section and proposed a change that would have set an
The failure of U.S. national sawmills to sufficiently increase production in the face of continued strong demand from homebuyers has been a primary factor contributing to record lumber prices and price volatility in 2021, as the National Association of Home Builders (NAHB) reported. Soaring lumber prices, combined with delays and
The numbers: housing starts are on the rise U.S. homebuilders began building homes at a seasonally adjusted annual rate of 1.68 million in November, an increase of nearly 12% from the previous month, the US Census Bureau reported on Wednesday. Compared with November 2020, housing starts are up about 8%.
By MATT OTT, AP Business Writer SILVER SPRING, Md. (AP) – New home construction in the United States rebounded 11.8% in November, as strong demand continued to boost builder confidence even as the slower winter season approached. The double-digit percentage increase last month left homebuilding at a seasonally adjusted annual
Jeff Sica of Circle Squared Alternative Investments discusses the Federal Reserve’s stance on 2022 interest rates, bitcoin sales and Disney stocks. The iShares Home Construction exchange-traded fund hit a new 52-week high this week and is poised to rise even further amid strong consumer demand for new and existing homes.
The pace of homebuilding in the Colorado Springs area fell in November for the fourth month in a row, a likely byproduct of builders who slowed production because they run out of materials and supplies and failed. enough workers. âProduct availability and labor,â said Chad Thurber, president of local builder
by Avril ScheinohaJournalist Looking to build a single family home in Thief River Falls? At its meeting on Tuesday, November 16, Thief River Falls city council approved an incentive to get people to build in the city. The council approved a three-year tax abatement for the construction of new single-family
North Bay’s housing market remains hot, but local home construction has only become more uncertain for builders and developers as the pandemic continues to rock the economy as a whole. The worsening global supply chain crisis has caused a shortage of building materials, causing prices to soar. And the lack
More single-family homes are being built in Michigan than at any time in the past 14 years, but rising labor and material costs combined with a shortage of workers and a chain of unpredictable supply frustrates developers and buyers alike as the pandemic creates a perfect storm of crisis proportions.
From left to right, Phillip Thai, Robert Lee and Victor Thai outside their latest acquisition. (Courtesy of Phillip Thai) After knocking down a number of residential properties, three new local developers have struck their first business deal at Shockoe Slip. Brothers Phillip and Victor Thai along with their business partner
The continued supply and pandemic-induced labor shortages have crippled most industries in America, but construction has not. Over the past two years, residential construction has increased across the United States, according to an in-depth report using US Census Bureau data by Omnis Panels. The report analyzed new building permit data
The Willow Circle apartment complex would rise seven stories across from Kroger. (Images from Poole & Poole Architecture) The Willow Lawn area is full of retail and restaurant businesses, single family homes, and a major stop on the bus route. Two local real estate companies believe there is another necessary
By MATT OTT, AP Business Writer SILVER SPRING, Md. (AP) — U.S. home construction fell 1.6% in September as builders continued to be hampered by supply chain bottlenecks. The Commerce Department reported on Tuesday that the September decline left homebuilding at a seasonally-adjusted annual rate of 1.56 million units, 7.4%
The September drop comes as low interest rates drew buyers into the market, but rising material costs pushed prices higher. U.S. home construction fell 1.6% in September as builders continued to be held back by supply chain bottlenecks. The Commerce Department reported on Tuesday that the September decline left homebuilding
With unprecedented shortages of labor and construction supplies, one would think that construction of new homes is stalling. In fact, according to data collected by Omnis Panels over the past two years, it is on the rise from coast to coast. In the Phoenix metro area, single-family home construction jumped
Missoula is on a record pace for new home construction this year. âWe are seeing incredible activity,â said Eran Pehan, director of the city’s Office of Community Planning, Development and Innovation. Until the end of July 2021, the city has processed 921 permits for single-family homes and rentals. Building permits
Numbers: Homebuilders stepped up the pace of new home construction and permits in August, with a heavy emphasis on multi-family dwellings. U.S. homebuilders began building homes at a seasonally adjusted annual rate of 1.62 million in August, a 3.9% increase from the revised upward pace the month before, reported Tuesday.
Residents of a bustling residential area of ââEdinburgh are worried about traffic jams after a new three-story apartment building is given the green light. Edinburgh City Council granted permission to developers First Scot Limited for the proposal on August 19. The developers want to build nine two-bedroom apartments, with parking,
Prepare for a substantial slowdown in homebuilding growth in Austin and the state’s three other major metropolitan areas. In a new forecast, the Texas Real Estate Research Center at Texas A&M University expects the percentage of growth in home construction to drop from double digits in 2020 and 2021 to
SIOUX CENTER â The City of Sioux Center is selling 18 acres of city-owned land for the development of a new residential neighborhood in southeast Sioux Center. The board approved the sale of $ 325,000 to Sioux Center Land Development at its August 12 meeting. The council approved the first
Prepare for a substantial slowdown in homebuilding growth in San Antonio and the state’s three other major metropolitan areas. In a new forecast, the Texas Real Estate Research Center at Texas A&M University expects the percentage of growth in home construction to drop from double digits in 2020 and 2021
You are reading Entrepreneur United States, an international Entrepreneur Media franchise. This story originally appeared on The Epoch Times Home construction fell sharply in July, proving that high construction costs and soaring house prices continued to be a drag on the housing market. Housing starts fell 7 percent to a
New home construction fell 7 percent in July as builders tackled massive backlogs on more recent contracts, data released by the Commerce Department showed Wednesday. Private housing starts hit a seasonally adjusted annualized rate of 1.53 million in July, falling below the revised June rate of 1.65 million while remaining
New homes are popping up all over Rockland at an astounding rate. Permits have been issued for the construction of 13 single-family homes in Rockland since January 1. âPeople build on every parcel of land,â said Adam Ackor, Rockland’s code enforcement manager. Four of the new homes are under construction
Since the local part of the Grand Parkway was completed about five years ago and improvements along the highway. 290 completed last year, the developers accelerated the construction of planned communities in the western part of Cy-Fair ISD. “We actually have residents who reside in Bridgeland where one of the
For most people, buying a home is the most important financial transaction of their life. The purchase decision is undoubtedly a decision that must be made with careful thought and attention to detail. A potential buyer must consider many things when buying a home. A Muslim homebuyer has the added