A southern Illinois construction company has agreed to pay back $400,000 to settle a federal complaint accusing it of fraudulently accepting $8 million worth of contracts reserved for disadvantaged small businesses, federal prosecutors say.

Tagged with: Residential Construction

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.

Tagged with: homebuilders Residential Construction

Demand for new homes in the U.S. surged 4.3% in January with the housing market still one of the strongest segments of the economy.

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

U.S. home prices surged at the fastest pace in nearly seven years in December, pushed up by low mortgage rates and Americans moving from crowded urban settings to houses in the suburbs.

Tagged with: Residential Construction

Sales of existing homes rose 0.7% in December, pushing 2020 to a pace not seen in 14 years and providing one of the few bright spots for a U.S. economy mired in a global pandemic.

Tagged with: Residential Construction

U.S. home construction jumped 5.8% in December to 1.67 million units, a 14-year high that topped the strongest annual showing from the country's builders in 15 years.

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

The Milwaukee area ended 2020 with its best year ever for home sales, a feat brought-on by the pandemic.

Tagged with: Greater Milwaukee Association of Realtors home sales Residential Construction

The number of Americans who signed contracts to buy homes declined last month, but was still a record high for November when a seasonal slowdown traditionally seeps into the real estate market.

Tagged with: National Association of Realtors Residential Construction

More than 190,000 ceiling fans sold at Home Depot are being recalled after reports that the blades fell off while spinning, hitting people and causing property damage.

Tagged with: Home Depot Residential Construction

Milwaukee officials are planning a groundbreaking ceremony Tuesday for the latest housing additions to two local subdivisions where government incentives help encourage both home ownership and development in parts of the city.

Tagged with: affordable housing City of Milwaukee Residential Construction