Construction industry

New York developers are transforming struggling office buildings into more than 12,000 new apartments in a bid to help offset the city's worst housing crisis in decades. 

Built launched Draw Agent Tuesday, which can process thousands of construction loan draws monthly.

It's not an unthinkable notion. There have been a handful of attempts at systematically moving populations away from regions severely affected by climate change.

Pressure on core home improvement categories won't "be completely eased until the housing market is back on much firmer footing, which will not be until well into 2025 at the earliest," wrote Neil Saunders, managing director at GlobalData, in a note.

Home Depot said Tuesday that it saw a pickup in demand for seasonal items and supplies for certain outdoor projects, some of which was related to hurricanes that have struck the U.S. in recent months.

A sizable decline in the South may have reflected the impact of Hurricane Beryl.

More than 50% of aspiring buyers expect their next purchase will cost less than the latest median value, according to the National Association of Home Builders.

The sales pace is now at the low end of the range seen over the past year, suggesting limited momentum amid a lack of affordability.

Housing starts increased 5.7% to a 1.36 million annualized rate after downward revisions to prior months, according to government data released Thursday.

The National Association of Home Builders/Wells Fargo index of housing market conditions fell by 6 points to 45 in May, the lowest level since the start of the year.

Residential starts decreased 14.7% in March to a 1.32 million annualized rate, the lowest since August, government data showed Tuesday.

Since mid-January, "we have seen a meaningful uptick in demand that has continued through this past weekend," Toll Brothers Chief Executive Officer Doug Yearley said in an earnings call Wednesday. 

Comparable sales fell 3.5% in its fiscal fourth quarter, Home Depot said Tuesday.

Spending on furniture and related items fell nearly 12% from the year-earlier period in October.

Residential starts increased 1.9% last month to a 1.37 million annualized rate, the highest in three months, government data showed Friday.

The National Association of Home Builders/Wells Fargo gauge decreased six points to 34 this month, according to data out Thursday.

Between 2020 and 2022, both companies benefited from locked-down consumers that took on renovations.

In conjunction with an announcement last week, federal agencies will conduct training workshops to help developers, lenders and other stakeholders benefit from the Biden administration's housing supply plan.

Residential starts increased 7% last month after falling by the most in over a year in August, according to government data released Wednesday.

Residential starts increased 3.9% last month to a 1.45 million annualized rate, according to government data released Wednesday.