Confidence among U.S. homebuilders rebounded this month, reflecting improved sales trends during the spring home-selling season and the strongest outlook for sales over the next six months in more than six years.
The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help. And he would — if he could hire enough qualified people.
Spending on U.S. construction projects fell in March as the biggest drop in government projects in more than a decade overwhelmed strength in home building.
U.S. home prices rose 9.3 percent in February compared with a year ago, the most in nearly seven years. The gains were driven by a growing number of buyers who bid on a limited supply of homes.
Published: April 29, 2013
Tags: Anthony Federspill, Anthony Thomas, Anthony Thomas Builders, Department of Natural Resources, DNR, homebuilders, Jerry Deschane, John Siepmann, Matt Neumann, mba, Metropolitan Builders Association, Neumann Co., Siepmann Realty, WBA, Wisconsin Builders Association
The Wisconsin Builders Association predicts 14,000 new houses will be constructed in the state this year, but with land development still in a slump, contractors might as well be building castles in the air.
U.S. homebuilders broke the 1 million mark in March, the highest level since June 2008. The gain signals continued strength for the housing recovery at the start of the spring buying season.
U.S. homebuilders are concerned that limited land and rising costs for building materials and labor will slow sales in the short term.
The economic downturn hammered carpenter Scott Sommer’s residential finishing business.
U.S. builders started more houses and apartments in February, while requesting permits for future construction at the fastest pace in 4 ½ years. The increases point to a housing recovery that is gaining strength.
Confidence among U.S. homebuilders fell this month because of concerns that increased demand for new homes is exceeding supplies of ready-to-build land, building materials and workers.