Why the “Missing Middle” Is an Opportunity for Home Builders
Between the single family and large multi-family buildings that dominate home building today lies an underdeveloped middle. The so-called “middle” sector of the U.S. homebuilding market – the medium-density structures like duplexes, triplexes and townhouses – grew just 11 percent nationwide over the past 20 years, contributing to the overall shortage in homes in the […]
Zillow to Show Climate Threat Score for Housing Listings
The move comes in the wake of a wave of hurricanes and other natural disasters that many scientists blame on climate change. Zillow, the popular real estate website where many Americans shop for their next homes, will be adding a climate risk threat score for every for-sale listing on its platform starting by the end […]
Housing Market Already Feeling Rate Cut Impact
The one-half-point cut was larger than many predicted, triggering positive signs for the building and construction trade. It took longer – far longer – than many of the experts predicted and just about everybody in the building trade was hoping for but the Federal Reserve finally reduced interest rates earlier this month and they went […]
Wall Street Analyst Sees More Positives than Negatives in Housing Market
It may not be back to the good times during low interest rates but Telsey Advisory Group’s Housing Scorecard shows more positives than negatives. If you’re looking for good news about the housing market – especially when there doesn’t seem to be too much as the most recent data suggests the sector remains weak and […]
Multiple Signs Point to Good News for Housing Market
We’re still not back to the good old days in the housing business but a number of indicators are presenting good news going forward. It’s been a tough stretch for the housing business—and the people who build houses—but recent news from several directions suggests things are continuing to look up as the sector rebounds. New data on […]
Zillow Now Forecasting Stronger Housing Prices for 2024
The real estate site has raised its outlook for housing prices this year, predicting a more robust marketplace. As one of the more popular websites for the U.S. residential real estate market, Zillow has its fingers on the pulse of housing price trends, so its just released upgrade of its forecast for this year is […]
A Small Solution to the Big Housing Crisis
Call them ADUs, backyard cottages or garage conversions but accessory houses may be becoming builders’ best friends. The shortage of housing in America has been well documented but now new research is showing that accessory dwelling units – ADUs – are rapidly gaining in popularity and could represent a major opportunity for the construction industry […]
New Home Building Cancellation Rates Drop, Signaling More Demand
The U.S. housing market remains challenged but new information from two of the biggest home builders in the country suggests demand for new homes is picking up. Even as the market for new homes in the country is still below the past few years, D.R. Horton and PulteGroup – two of the nation’s biggest home […]
Has the Housing Market Bottomed Out?
Several new reports are suggesting that the U.S. housing market may have started a slow return, even as interest rates continue to stymie new home construction. Single-family housing sales, one of the best barometers for both the larger American economy as well as the construction sector, hit a one-year high in March, surging 9.6% to […]
More Millennials Now Own Than Rent
Throw out your old cliches about the millennial generation being largely renters – or worse, still living with their parents. New research shows more than half of this generation now are homeowners. More millennials now own their own homes than rent, a remarkable shift in the status of the nation’s largest demographic group. And it […]