President Donald Trump on Thursday postponed 25 percent tariffs on many imports from Mexico and some imports from Canada for a month amid widespread fears of the economic fallout from a broader trade war.
Builders are constructing their smallest houses in years, but they still may not be small enough for a significant portion of the population.
In February, overall house prices registered their smallest year-over-year gain since September 2021. Even so, housing’s share of the Consumer Price Index rose at an accelerated pace.
Homebuilders have pumped the brakes on new single-family home construction this year, a trend that’s likely to extend into 2023, according to several forecasts.
A bump in construction of new single-family homes last month didn’t help homebuilders feel any better about their business prospects
You’ve paid an ungodly amount for your house. You’ve also paid more than you can believe in closing costs. But if you are like the typical homebuyer, your spending isn’t over.
A new report from the National Multifamily Housing Council hints at the costs created by the kind of strident local opposition that’s bedeviled new apartment and condominium projects across Massachusetts.
Home builders are running out of buildable home sites, with inventory at its lowest point since 2015. And relief is on the way – just not soon.
The ongoing spike in lumber prices is dramatically increasing the cost of new-construction single-family homes and apartments, the National Association of Home Builders reports.
As the market for vacation homes continues to forge ahead at an almost unprecedented pace, the two major suppliers of financing funds have put a lid on the number of mortgages for such properties they will buy from primary lenders.
Severe winter weather in much of the country and spiking lumber prices pushed home construction down a sharp 10.3 percent in February while applications for new construction fell by 10.8 percent.
In today’s high-pressure market, where being first with an offer isn’t necessarily the key to getting it accepted, the entire process can sap the energy out of even the most prepared wannabes.
Thanks to the unusually large jump in housing prices over the last 12 months, plus a major shortfall in state and county revenue from other sources, your property taxes may well increase by 2023.
Most of America’s single-family homebuilders are facing trouble securing both building materials and appliances for fitting out their developments, new data from the National Home Builders Association says.
Facing an unknown but undoubtedly large number of homeowners and commercial mortgage borrowers needing forbearance thanks to the coronavirus-caused economic crisis, the housing industry is asking the federal government for help.
What if builders stripped out the good stuff – cabinetry, doors, windows, bathroom fixtures, hardwood floors – before bulldozing old dwellings? Then those materials could be used in remodeling jobs, incorporated into new construction, or sold.
The lowest mortgage rates in 11 years have brought wannabe homebuyers off the bench and onto the playing field in droves. But low-cost mortgages don’t always help the market.
It may never be too early to become a homeowner. But for some, it may be better to wait until they mature a tad.
Lots for new-build single-family homes reached a new record high nationwide in 2018, with prices in the five New England states sitting at more than double the national median.
A new poll by Morning Consult and the National Association of Home Builders has found tour out of five American households believe the nation is suffering a housing affordability crisis and at least 75 percent report this is a problem at the state and local level as well.
