Strong demand is still keeping multifamily developers fairly optimistic in many parts of the country, but high construction costs and their impact on affordability are making some developers increasingly cautious, NAHB said.
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the new residential sales statistics for March 2022.
Pending home sales dropped in March, signifying five straight months that contract activity has declined, according to the National Association of Realtors.
The spike in firm billings in March may reflect a desire to beat the continued interest rate hikes expected in the coming months, according to AIA Chief Economist Kermit Baker, Hon. AIA, PhD.
In an effort to reduce supply chain issues, improve customer service and control costs, many flooring manufacturers are making investments in LVT in domestic manufacturing, and leaders of the major flooring manufacturers say the trend isn’t going anywhere soon.
New findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) show that the rate of year-over-year single-family growth in all small and large metro urban, suburban and rural regional submarkets peaked in the second quarter of 2021. In contrast, multifamily growth in all of these markets has been surging since the second quarter as some housing demand returned back to higher density markets.
Existing-home sales rose in November, denoting three consecutive months of increases, according to the National Association of Realtors. Three of the four major U.S. regions reported growth in monthly sales, while the fourth region held steady in November.
Kyle Hedin, owner of Illustrious Hardwoods in Mesa, Arizona, encourages installers to strengthen themselves, their craft, their business—and their pockets.
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