US home construction collapsed 22.3% in March

April 16, 2020 8:50 am Leave a comment

Construction continues at a housing plan on March 18 in Zelienople, Pennsylvania. Spending on U.S. construction projects fell 1.3% in February. The Commerce Department said the February decline followed a 2.8% rise in construction in January. (AP Photo/Keith Srakocic)

U.S. home building collapsed in March as the coronavirus spread and housing starts tumbled by 22.3% from a month ago.

Tagged with: coronavirus home building Residential Construction

Buyers struggle with competition amid shortage of house listings

February 13, 2020 12:25 pm Leave a comment

Houses stand in suburban Salt Lake City in April. Americans shopping for a house this spring are likely to be faced with more competition than they have in years. (AP Photo/Rick Bowmer, File)

By ALEX VEIGA AP Business Writer Americans shopping for a home this spring may be faced with more competition than they have been in years. A strong labor market and growing pool of would-be buyers, as more millennials enter their ...

Tagged with: home building home construction new-home construction Residential Construction

Aging millennials projected to drive up US housing prices

May 2, 2019 11:59 am Leave a comment

Becoming a homeowner is likely to get more costly and difficult over the next decade as millions more Americans enter the age range at which people typically seek to buy their first home.

Tagged with: home building

US home construction rose last month, led by apartments

December 18, 2018 9:09 am Leave a comment

U.S. developers broke ground on more houses last month, but the increase occurred entirely in the construction of apartments. The number of new single-family houses built decreased.

Tagged with: home building Residential Construction

Homebuilder stocks in deep slump as US home sales slow

September 6, 2018 1:59 pm Leave a comment

A slowdown in U.S. home sales is weighing on homebuilder stocks.

Tagged with: home building

US home building slides 3.7 percent in April

May 17, 2018 1:02 pm Leave a comment

U.S. builders broke ground on fewer apartment buildings last month, pushing total home construction down by 3.7 percent from March.

Tagged with: home building home construction residential

US housing starts fell 2.6 percent in April

May 16, 2017 9:23 am Leave a comment

Construction of new homes fell for a second straight month in April, pushing activity to the lowest point in five months.

Tagged with: home building housing starts

Home construction drops 2.8 percent in October

November 19, 2014 2:44 pm Leave a comment

Dust flies as David Williams, an employee of Specialized Electric of Wisconsin, Inc., Verona, opens a notch for an electrical box Thursday, Nov. 14 while working at Treysta on the Water in Monona. Tri-North Builders, Inc., Fitchburg is the general contractor on the 5-story, 180,148-square-foot apartment complex. The project is slated to be done in the spring. (Staff photo by Kevin Harnack)

Construction of new homes fell slightly in October after a big surge in the previous month, but the weakness was largely driven by the volatile apartment sector.

Tagged with: building permits home building homebuilders

Realtors group: Lack of new construction hampering housing market

June 16, 2014 1:20 pm Leave a comment

A carpenter works Monday on the roof of a town home in Robinson Township, Pa. The housing market index, released by National Association of Home Builders on Thursday, shows a slight dip in industry confidence. (AP photo by Gene J. Puskar)

A new analysis by the National Association of Realtors finds that new home construction is not keeping pace with job creation in much of the United States, creating a housing shortage and affordability concerns in some states.

Tagged with: home building homebuilders National Association of Realtors

US home building climbs 13.2 percent in April

May 16, 2014 10:44 am Leave a comment

Kevin Kelly, an employee of Air Temperature Services Inc., Madison, of forms an eight-inch by 10-inch section of ducting while at the City View apartment project Tuesday, April 29 in Madison. Stevens Construction Corp., Madison, is overseeing construction of the 13-story, 50,700-square-foot project which will be complete this summer. (Staff photo by Kevin Harnack)

U.S. home construction surged in April to its highest pace in five months. Almost all that increase came from the volatile apartment sector, a sign that Americans are still struggling to buy single-family homes.

Tagged with: Commerce Department home building homebuilders