The number of sales of existing homes rose for a fifth straight month in October, reaching a pace not seen since before the housing bubble popped 14 years ago.

Tagged with: Residential Construction

The number of homes built increased by 4.9% in October as home building remained one of the bright spots of the economy.

Tagged with: homebuilding Residential Construction

As the year comes to a close Americans are still stuck at home and that has led to an explosive year for Home Depot. The most recent quarter is no exception.

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Even with mortgage rates hovering near all-time lows, rising home prices are putting more pressure on buyers to come up with a bigger down payment.

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U.S. construction spending rose 0.3% in September, the fourth straight monthly gain after a coronavirus-caused spring swoon, although a smaller gain than analysts had expected.

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

U.S. home prices posted a strong gain in August — another sign that the American housing market remains strong despite economic fallout from the coronavirus pandemic.

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U.S. construction spending increased 1.4% in August, led by a surge in single-family homes.

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As many Americans are faced with months on end of being stuck indoors, some are using their time (and money) to provide a change of scenery or imporve their surroundings. Purchases of office equipment are on the rise, and people are becoming ever more willing to take on renovation projects.

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U.S. housing construction fell a surprising 5.1% in August after three months of strong gains when home builders ramped up projects following a pandemic-induced shutdown in March and April.

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Sales of new homes jumped again in July, rising 13.9% as the housing market continues to gain traction following a spring downturn caused by pandemic-related lockdowns.

Tagged with: Residential Construction