Lot Supplies Hit Five-Year High but Still Off Historical Levels

New data shows the supply of building lots in the second quarter of the year was up 20.6 percent over a year ago. Zonda’s New Home Lot Supply Index reported its fourth consecutive quarterly increase but the research firm said the market remains “significantly undersupplied,” a condition that has prevailed since 2017. The LSI tracks […]

When Is the Housing Market Going to Get Better?

Forecasting the return of new home construction has been an ongoing struggle this year… and so far, most of the experts have been wrong. It’s been the big question throughout the building trade for much of the past year and despite informed predictions that a combination of lower mortgage rates, built-up demand and a slowdown […]

25% of Home Renovations in Jeopardy Due to Tariffs

Even as the tariff crisis bounces back and forth, new research shows that homeowners might scale back or even cancel projects. There’s no question that the ever-changing situation with tariffs continues to cause havoc among American businesses but it’s also created problems for homeowners who had been looking at doing renovation projects this year.  As […]