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Calling on lawmakers to do away with the "outdated laws and regulations that made it harder to build homes for working people," former U.S. President Barack Obama thrilled audience members with an impassioned plea for mass-scale housing production at the 2024 Democratic National Convention... View full entry
New data from the U.S. Commerce Department indicates a rebound in the single-family housing starts for February in what could be a sliver of hope for the market still reeling from historically high-interest rates. According to Reuters, the data shows a positive (7.6%) increase in single-family... View full entry
Homebuilding could slump further in September in the aftermath of Harvey and Hurricane Irma, which struck Florida. According to Census Bureau data, the areas in Texas and Florida that were devastated by the storms accounted for about 13 percent of permits issued in the nation last year. — Reuters
Hurricanes Harvey and Irma have held down home completions in Texas and Florida, but the hurricane's aftermaths are also likely to slow homebuilding in the coming months as resources are redirected toward repairs and rebuilding efforts rather than new construction. Labor shortages are also... View full entry