The index posts year-over-year increase, but more moderate growth forecast over the next two years. By Vincent Salandro Absent a trade war, spiraling inflation, or a geo-political crisis that could shock the economy, the remodeling industry is poised for growth through the year 2021. Big-ticket residential remodeling activity nationwide in the ...

Danielle Leach, Regional Director and Senior Consultant in the Midwest for Meyers/Metrostudy, presented a housing market overview at the Mega Seminar: A Building Industry Update. This event was held on May 22, 2019, and hosted by the Northern Illinois Home Builders Association (NIHBA). While Danielle highlighted the local housing market, ...

Quarterly new home starts were up only 1% YOY, while annualized starts are up 6% from 1Q18 levels. Closings are up 7% YOY for the quarter, and annual closings are up 11% over 1Q18 numbers – welcome news as increased closings help keep inventory in check. While affordability concerns remain, ...

Quarterly new home starts are up 3% YoY; annual starts are up 7% from 1Q18 levels. Quarterly closings are down 14% from 1Q18 numbers; annual closings are up 8% YoY Annual starts for attached (for sale) homes increased 52% compared to 1Q18; starts for detached homes are up 5% YoY ...

Houston remains the #2 market for new home starts in the country, with annual starts through 1Q18 up 8.5% YoY. Only Dallas / Fort Worth had more starts in this period. Year over year starts volume saw the greatest increase in the $200,000 to $299,999 price band (up 26.9%) and ...

Frank Anton / Builder / May 13, 2019 Forty years ago, when I was a 29-year-old editor, I wrote my first column for BUILDER. Now, as the retired vice chairman emeritus of Hanley Wood, BUILDER’s parent company, I’m writing my last. Predictably, perhaps, I’ve decided to write about how housing ...

John McManus / Builder / May 13, 2019 Our newly-minted Builder 100 data, ranking builders 2018 calendar-year unit-volume and revenue performance is here. Why does this matter, particularly as economists increasingly attest to greater uncertainty and more intense volatility as “new normals” of forward-looking observation? If construction were all that home builders do ...

Median base pricing for new detached homes showed the first decrease since 2Q15, dropping about $4k to just over $410,000, a decline partially attributable to an overall shift to smaller product being built in an effort to keep prices down and cater to a larger buyer pool in an increasingly ...

Mary Salmonsen / Builder / May 6, 2019 Adobe Stock / Jo Ann Snover Mortgage applications fell 4.3% on a seasonally-adjusted basis from one week earlier, according to the Mortgage Bankers’ Association’s Weekly Mortgage Applications Survey for the week ending April 26th, 2019. On an unadjusted basis, the Market Composite ...

Builder / May 6, 2019 As every builder knows, there are factors that are beyond control. From fluctuations in the economy to weather conditions, construction companies are constantly adjusting to waves of change. How can businesses maximize their profitability regardless of market conditions or industry challenges they face? Here’s a ...