New Construction - Real Estate, Updates, News & Tips

Slowdown in Building Permits Worsen Construction Starts

Given the increases in mortgage rates that have transpired, significant slides in homebuilding activity are being taken for granted in the U.S. and Canada. Based on the latest housing starts statistics, this is already underway and clearly apparent in the former more than in the latter. See Graph 8 below, where Canadian housing starts have been moving mostly sideways throughout this year, while U.S. starts have been exhibiting significant decline

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9 Factors Influencing Construction

(1) One indicator with a strong record for reliability concerning the health of the U.S. labor market is the weekly initial jobless claims figure released by the Bureau of Labor Statistics (BLS). A number above 300,000 generally correlates with high unemployment and recession. As the figure descends below 300,000, however, the labor market is tightening. Down around 200,000, the unemployment rate will be about as low as it ever manages to go. Tha

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U.S. Home Builder Gloom Persists, Hope Seen Next Year

Confidence among U.S. single-family home builders fell for a record 12th straight month in December as even a scramble to offer incentives for prospective buyers failed to boost traffic and lift sales in today's high-inflation, high-interest rate environment.Kicking off a week of key reports on the health of the foundering U.S. housing market, the National Association of Home Builders on Monday said its NAHB/Wells Fargo Housing Market Index dropp

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US housing Starts and Permits Fall in November, Completions Surge

Housing starts fell 0.5% below October levels, to a seasonally adjusted rate of 1.43M, while completions rose 10.8% month over month, according to US Census Bureau data issued Tuesday Housing starts and new building permits both posted declines in November while building completions logged a monthly increase during the same period, according to U.S. Census Bureau data released Tuesday.Newly issued building permits dropped 11.2

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5 Reasons this isn’t a Repeat of the 2008 Housing Crash

NAR Chief Economist Lawrence Yun draws the distinctions between today’s real estate market and that of more than a decade ago. Many homeowners are still haunted by the 2008 housing crash when property values collapsed and foreclosures spiked. The memory of sudden catastrophe at a time when the real estate market had been riding high may help explain why 41% of Americans say they now fear a housing crash in the next year, according to a new surv

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Celebrating 10 Years!!!!

It has been a decade! A full 10 years of striving to provide better real estate services and lifestyles for everyone in our grasp. We thank every one of our loyal members and look forward to continuing our relationship on even more prosperous grounds. And we also thank each and every individual that has put their faith into our members and worked with us to get your own dreams fulfilled. With over $300 million in sales in over 1K transactions, sa

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Is Homebuilding Really Down?

New housing construction has fallen but is on par historically The following is one of the hundreds of data sets available on TRD Pro — the one-stop real estate terminal for all the data and market information you need.Given inflation, rising interest rates, economic uncertainty and flatlining home prices, one would expect that housing construction would be at an all-time low.Not even close.Though new housing starts in the U.S. have d

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October Construction Spending Down 0.3%

The U.S. Census Bureau on Thursday reported that total U.S. construction spending was at a seasonally adjusted annual rate of approximately $1.79 trillion in October, a decrease of 0.3% from September's revised figure of $1.8 trillion.Total spending was 9/2% higher than what the Census Bureau reported for October 2021. Spending from January through October of 2022 totaled almost $1.51 trillion, 10.8% higher than the same period in 2021.Total

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Disperse.io Launches AI-Based Construction Planning Tool

UK-based construction productivity startup adds new tool for daily site decisions Disperse.io, a U.K.-based construction technology company with a platform that uses artificial intelligence to help project managers track work, capture data from building sites and make better project decisions, has launched a new product, Impulse, that highlights issues gleaned from 360° site scans captured in its platform.Impulse integrates performance insights

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