US house prices increase 4% in April

June 30, 2020 9:26 am Leave a comment

A sign stands in front of a newly built house in Westwood, Massachusetts, on Sep. 3, 2019. U.S. home prices rose in April for the eighth straight month, even as sales stumbled, a sign that the coronavirus outbreak has had little effect on real estate values. (AP Photo/Steven Senne, File)

U.S. home prices gains accelerated in April even as sales have stumbled, a sign the coronavirus outbreak has had little effect on real estate values.

Tagged with: home sales Residential Construction

Wisconsin sees 15th biggest drop in building permits for new residential projects in April (UPDATE)

June 17, 2020 9:09 am Leave a comment

FILE - In this April 2, 2020 file photo, roofers work on April 2 to remove and place new shingles on a house in Warren, Michigan. U.S. home-building activity collapsed in March as the coronavirus spread.
(AP Photo/Paul Sancya, File)

US residential construction rebounded 4.3% in May after showing steep declines caused by shutdowns in response to the coronavirus.

Tagged with: Residential Construction U.S. Department of Commerce

US new-home sales post slight gain in April

May 26, 2020 10:51 am Leave a comment

Model homes and for-sale signs line the streets as construction continues at a housing plan in Zelienople, Pennsylvania, on March 18. U.S. new home sales fell 4.4% in February, and bigger declines are expected in coming months as the coronavirus puts a major crimp on home sales. (AP Photo/Keith Srakocic)

U.S. new home sales ticked up 0.6% in April, a surprising gain amid the coronavirus outbreak that hints at the relative health of potential buyers.

Tagged with: Commerce Department Residential Construction

Homebuilders’ shares climb even as housing outlook remains cloudy

May 21, 2020 3:16 pm Leave a comment

In this March 18, 2020 photo, Construction continues at a housing plan in Zelienople, Pa., The housing market has stalled, but homebuilder stocks are up sharply amid signs that sales are starting to improve. Still, the outlook for a housing market recovery remains cloudy, given uncertainty over the pandemic's impact. (AP Photo/Keith Srakocic)

The U.S. economy and housing market had set homebuilders up for a strong 2020. That was before the efforts to stem the spread of the coronavirus pandemic knocked the economy into a skid, dimmed consumer confidence and left a record number of Americans unemployed.

Tagged with: home sales Residential Construction

US home construction drops 30.2% in April as virus rages

May 19, 2020 9:16 am Leave a comment

A construction crew loads dirt on a building site on May 18 in East Greenwich, New Jersey. The Commerce Department said Tuesday that the number of ground breakings had plummeted by 30.2% in April to a seasonally adjusted annual rate of 891,000. (AP Photo/Matt Slocum)

U.S. home building plunged in April to the slowest pace in five years, taken down by the economic fallout from the coronavirus pandemic.

Tagged with: coronavirus Residential Construction

Milwaukee area home sales fall 9.2% in April amid pandemic

May 13, 2020 3:12 pm Leave a comment

In a sign of COVID-19's effects on southeast Wisconsin's housing market, home sales in the Milwaukee metro area fell 9.2% in April, according to a report from the Greater Milwaukee Association of Realtors.

Tagged with: Residential Construction

LOST YEAR?: Housing industry staring down slow start to construction season

April 27, 2020 7:02 am Leave a comment

Todd Polifka of Custom One Homes Construction, stands on March 31 before one of the homes he is building in the Amberwood housing development in Inver Grove Heights, Minnesota. Polifka wonders if this will be a lost year for the housing industry. Home builders say the coronavirus outbreak will push back construction starts by four months — a delay that could wipe out their peak building months off the calendar. (Scott Takushi/Pioneer Press via AP)

As homebuilders continue to work through the COVID-19 outbreak, some fear the virus could snuff out demand for new houses next year – if it hasn’t already.

Tagged with: Brad Boycks coronavirus Residential Construction Wisconsin Builders Association

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

US construction spending down 1.3% in February

April 1, 2020 12:10 pm Leave a comment

The American flag flutters in the wind behind a roofer working on Tuesday on the roof of a building under construction in Sacramento, California., The U.S. Department of Commerce reported Wednesday that construction spending fell 1.3% in February.. (TAP Photo/Rich Pedroncelli)

Spending on U.S. construction projects fell 1.3% in February with housing and nonresidential construction both showing weakness even before the coronavirus struck with force in the United States.

Tagged with: Residential Construction

New US home construction dips again in February

March 18, 2020 10:13 am Leave a comment

A sign stands in front of a newly built house on Sept. 3 in Westwood, Massachusetts. The construction of new houses slowed again in February 2020, but not as much as it had the previous month. (AP Photo/Steven Senne, File)

The construction of new homes slowed again in February, but not as much as the previous month. Those declines follow a surge in December which had pushed home construction to the highest level in 13 years.

Tagged with: homebuilding Residential Construction