Newsletter Archives - Residential Contractor

Single-Family Starts Expand in August

Single-Family Starts Expand in August The pace of single-family starts in August was the highest production rate since February… Read More Eye On Housing http://eyeonhousing.org/2020/09/single-family-starts-expand-in-august/

9/18: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Housing starts fall 5.1 percent in August, but still up 2.8 percent year-on-year Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,416,000. This is 5.1 percent below the revised July estimate of 1,492,000, but is 2.8 percent above the August 2019 rate of 1,377,000. https://www.census.gov/construction/nrc/pdf/newresconst.pdf Building permits slip 0.9 percent from July, nearly flat year-on-year Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,470,000. This is 0.9 percent below the…

How the pandemic has put flexibility front and center in home design

How the pandemic has put flexibility front and center in home design Incremental changes in floor plans and interior design have been made that point the way to the future… Read More The Washington Post https://www.washingtonpost.com/realestate/how-the-pandemic-has-put-flexibility-front-and-center-in-home-design/2020/09/16/a85cb08a-e3e5-11ea-b69b-64f7b0477ed4_story.html

Affordable housing development, Skyway Lofts, breaks ground in St. Pete

Affordable housing development, Skyway Lofts, breaks ground in St. Pete The project will be a 65-unit affordable housing community located in the Skyway Marina District… Read More St. Pete Rising https://stpeterising.com/home/2020/9/15/affordable-housing-development-skyway-lofts-breaks-ground-in-st-pete

Huge McKinney land sale is largest in the area this year

Huge McKinney land sale is largest in the area this year New York-based developer JEN Partners has bought more than 1,100 acres for a new residential community… Read More Dallas News https://www.dallasnews.com/business/real-estate/2020/09/14/huge-mckinney-land-sale-is-largest-in-the-area-this-year/

Strong US housing market undeniably shines in the pandemic economy

Strong US housing market undeniably shines in the pandemic economy Housing continues to be a bright spot for America’s economy as mortgage rates rise and record low rates remain low; the Federal Reserve has plans to keep interests rates low in the future to make financing affordable… Read More WISHTV.com https://www.wishtv.com/news/business/strong-us-housing-market-undeniably-shines-in-the-pandemic-economy/

9/17: MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY September builder confidence rises to all-time high of 83 Builder confidence in the market for newly-built single-family homes increased five points to hit an all-time high of 83 in September, according to the latest NAHB/Wells Fargo Housing Market Index (HMI) released today. The previous highest reading of 78 in the 35-year history of the series was set last month and also matched in December 1998. The HMI index gauging current sales conditions rose four points to 88, the component measuring sales expectations in the next…

Fixed mortgage rates tumble to lowest levels in history

Fixed mortgage rates tumble to lowest levels in history The 15-year fixed-rate average of home mortgages dropped to 2.37; one possible indication for the push down in mortgages rates could be due to the stock market…. Read More The Washington Post https://www.washingtonpost.com/business/2020/09/10/fixed-mortgage-rates-tumble-lowest-levels-history/

Multifamily Construction Gains for Lower-Density Markets

Multifamily Construction Gains for Lower-Density Markets The Q2 2020 NAHB Home Building Geography Index (HBGI) reveals a notable multifamily construction shift to the suburbs/exurbs… Read More Eye On Housing http://eyeonhousing.org/2020/09/multifamily-construction-gains-for-lower-density-markets/

Good News for Women in Construction: Employment Rising

Good News for Women in Construction: Employment Rising The number of women employed in the construction industry grew substantially in 2019 rising to around 1.2 million, surpassing the peak of pre-recession employment level… Read More Eye On Housing http://eyeonhousing.org/2020/09/good-news-for-women-in-construction-employment-rising/