Homebuyers shouldn’t expect to see any discounts from falling lumber prices either, because builders set their prices based largely on overall demand in the housing market.
U.S. homebuilders are poised to benefit this spring homebuying season amid strong demand, low mortgage rates and an all-time low inventory of previously occupied homes for sale. But soaring lumber prices and a shortage of construction-ready land could limit their ability to capitalize on the strong housing market trends, analysts say.
Lennar is buying CalAtlantic Group in a $5.7 billion deal that will create the nation's largest homebuilder as sales of new homes reach levels not seen in a decade.
U.S. homebuilders are feeling more optimistic about their business prospects, reflecting a recent surge in sales of newly built homes and a lingering shortage of previously occupied homes on the market.
Homebuilders pulled back on construction in the South, causing the pace of housing starts nationwide to fall in August to its lowest level in three months.
U.S. homebuilders are feeling slightly less optimistic about their sales prospects this month, though their outlook for the new-home market remains positive overall.
Come next year, homebuilders will gain the ability to use an electronic system to apply for construction permits from many local governments throughout the state.
U.S. builders started work on fewer homes in this December than in the same month a year ago, but previous gains meant that residential construction ended 2015 at its strongest level in eight years.
Wanting to shed more light on to the ever-changing desires of Wisconsin homebuyers, a builders association is hoping contractors will help it drum up responses to a survey aimed at helping the industry tailor its products to public demand.
U.S. homebuilders are feeling more optimistic about the housing market, lifting their confidence this month to the highest level in 10 years.
U.S. builders broke ground on fewer homes in May, but the pace of construction remains significantly higher than a year ago as the real estate sector increasingly reflects the stronger job market.
Standard Pacific Corp. and Ryland Group Inc. have agreed to merge in an all-stock transaction that will create a single homebuilder with operations in 17 states.
- Milwaukee Mayor’s $1.9B budget proposal has infrastructure boost
- As employers face labor shortages, Biden administration rolls out playbook for training workers
- Wisconsin Senate committee votes against confirmation for four DNR policy board appointees
- October proclaimed Architecture Awareness Month in Wisconsin
- Pre-Bid Meetings – Week of October 2, 2023
- Corn mill owners plead to federal charges in fatal explosion, will pay $11.25 million
- BUILDING BLOCKS: Second phase of Lower Yahara River Trail construction
- Sky-high mortgage rates leave homes unaffordable for more buyers, sending new home sales tumbling
- Forecast: Economic challenges ahead as rates rise and labor shortages remain
- CBRE opens office on 18th floor of Milwaukee BMO Tower
- Former inmate able to rebuild life through work in construction trades
- Zignego to lead $60M I-894 improvement project
- First prefabricated bridge in US installed in Eau Claire County
- Illinois developer worked with Wisconsin contractor to build 258-unit Wauwatosa apartment complex
- VJS Construction raises the roof for Bruce Guadalupe Community School expansion project
- Microgrid pilot project will store energy for village affected by outages
- Dane County sees uptick in highway work zone crashes, on track to exceed last year
- The Hop streetcar will debut newest service route in fall with limited service
- FPC Live slims venue proposal to 1 downtown building
- Children’s Hospital urgent care center in Milwaukee gets first round of city approval
- With Sonag Construction shut down, feds move to block indicted owner from collecting leftover assets
- Four contractors selected to build border wall prototypes
- UW-Milwaukee’s Greenstreet shaping minds (and the city)
- Turning the Corner(s) (PHOTO SLIDESHOW)