Construction industry

While September's single-family starts were unchanged from the prior month, multifamily activity fell 5%, according to government data.

But overall improvement in September employment numbers are likely to encourage the Federal Reserve to begin tapering their asset purchases.

Residential starts rose 3.9% last month to a 1.62 million annualized rate after an upwardly revised July print, according to government data released Tuesday.

The builder was found guilty of stealing over $1 million from home buyers, lenders, businesses and a family member’s special needs trust between 2016 and 2020.

Residential construction was up 27% year over year in July, according to the U.S. Census Bureau.

Sales of new U.S. homes dropped unexpectedly in June to the lowest since April 2020, showing a further weakening in demand against a backdrop of elevated prices and tight supply.

Meanwhile, the average new-home mortgage price climbed to a new all-time high, according to the Mortgage Bankers Association.

A Virginia-based builder announced a line of manufactured housing that features clean energy technology, reduced waste and “plug-and-play” assembly.

After lumber futures skyrocketed to an all-time high in mid-May, prices fell by more than half at the end of June.

Residential starts rose 3.6% last month to a 1.57 million annualized rate, according to government data released Wednesday

The more gradual upward drift in job numbers this year may hint at a slight softening in the market that analysts have flagged.

Purchase contracts for the three months through April surged 85% from a year earlier to 3,487, the builder said in a statement after the close of trading Tuesday.

While elevated prices are acting as brake on demand, mortgage rates near historic lows and elevated backlogs suggest steady residential construction gains in coming months that will help contribute to economic growth.

Companies are facing delays for everything from sheet rock to cabinets and kitchen appliances and as a result, homes are taking about a month longer to build.

U.S. housing starts fell by more than forecast in April, suggesting that supply-chain constraints and rising materials costs continue to hold builders back.

While home sales have softened since October, they are still above pre-pandemic levels, indicating that construction activity will remain strong for some time.

Stuck between local zoning hurdles and a lack of ideal federal financing, ADUs could be an important aspect to unlocking much-needed inventory.

But building permits near an almost 15-year high point to further gains in home construction in the months ahead. The data coincide with still-elevated homebuilder sentiment as the industry works to replenish lean inventory and meet housing demand.

Single-family starts rose for a seventh month to a 1.186 million annualized rate that was the highest since 2007.

New-home construction maintained its momentum in October while possible site shutdowns loom.