Home builders still struggling with supply shortages, heightened costs

July 12, 2021 2:16 pm Leave a comment

A sign sits in front of a KB Home construction site on Feb. 2 in Simi Valley, California U.S. home construction fell 6% in January but applications for building permits rose sharply. (AP Photo/Mark J. Terrill)

Home builders and home remodelers are still facing supply shortages and higher prices for construction materials in the wake of the coronavirus pandemic.

Tagged with: coronavirus home builders

US home construction slips 0.9% in May

June 18, 2019 10:42 am Leave a comment

In this June 13, 2019, photo work continues on a new home in Mechanicsville, Va. On Tuesday, June 18, the Commerce Department reports on U.S. home construction in May. (AP Photo/Steve Helber)

U.S. home construction slipped a bit in May as a sharp drop in single-family construction was only partially offset by a rise in apartment building.

Tagged with: home builders

Builder optimism bounces in May after 4-month slide

May 15, 2018 9:14 am Leave a comment

In this Thursday, June 1, 2017, photo, builders work on the roof of a home under construction at a housing plan in Jackson Township, Butler County, Pa. On Friday, June 16, 2017, the Commerce Department reports on U.S. home construction in May. (AP Photo/Keith Srakocic)

U.S. homebuilders are feeling more confident about their sales prospects, reflecting strong demand for newly built homes with existing homes in short supply.

Tagged with: home builders

Optimism among US homebuilders weakens

February 15, 2017 11:48 am Leave a comment

In this Monday, Feb. 6, 2017, photo, construction workers from Del Toro Concrete Works, Inc., smooth out concrete on the steps leading up to a new housing unit in Beal Street Square Apartments, in Rocky Mount, N.C. On Wednesday, Feb. 15, 2017, the National Association of Home Builders/Wells Fargo builder sentiment is released for February. (Sarah Louya/The Rocky Mount Telegram via AP)

U.S. homebuilders are feeling a bit less confident this month, reflecting a dimmer outlook for sales in the months ahead and fewer would-be buyers dropping by builders' sales offices.

Tagged with: home builders homebuilder confidence

US home construction fell in November after October surge

December 16, 2016 12:42 pm Leave a comment

a worker walks past a "Sold" sign at a construction site of new townhouses, in Houston. On Tuesday, April 19, 2016, the Commerce Department reports on U.S. home construction in March. (AP Photo/Pat Sullivan)

Builders pulled back on constructing homes in November, after ground breakings surged in October to the strongest pace in more than nine years.

Tagged with: home builders National Association of Home Builders

US home construction jumps by largest amount in 34 years

November 17, 2016 11:59 am Leave a comment

FILE - In this Jan. 12, 2015 photo, a builder works on a new apartment building under construction in Phoenix. The government reports on home construction for October 2016 on Thursday, Nov. 17, 2016. (AP Photo/Ross D. Franklin)

Builders broke ground on the most new homes in nine years last month, a response to strong demand that should lift the economy.

Tagged with: home builders

Measure of US home prices rises most in 6 years

November 6, 2012 10:29 am Leave a comment

A measure of U.S. home prices jumped 5 percent in September compared with a year ago, the largest year-over-year increase since July 2006. The gain reported by CoreLogic offered more evidence of a sustainable housing recovery.

Tagged with: home builders new home sales

Small businesses in housing industry see recovery

June 8, 2012 3:34 pm Leave a comment

The small businesses that drive the housing market are reporting signs that the industry might be experiencing a real comeback.

Tagged with: home builders National Association of Realtors small business

US housing starts rose to 717,000 in April

May 16, 2012 11:57 am Leave a comment

U.S. builders started work on more homes and apartments last month and requested more permits to build single-family homes. The increases suggest the battered housing market is healing.

Tagged with: builder sentiment index Commerce Department home builders housing starts National Association of Home Builders

Home building jumps in June after dismal spring

July 19, 2011 1:20 pm Leave a comment

By DEREK KRAVITZ AP Real Estate Writer WASHINGTON (AP) — Builders broke ground on more single-family homes and apartments in June, helping the battered construction industry gain a little life after a dismal spring. The Commerce Department said Tuesday that ...

Tagged with: Commerce Department home builders jobs National Association of Home Builders new home sales Obama single-family homes