Numbers: U.S. homebuilders began building homes at a seasonally adjusted annual rate of about 1.77 million in February, up 6.8% from revised figures for the previous month, reported Thursday the US Census Bureau. Compared to February 2021, housing starts increased by 22%. Meanwhile, permits for new homes came in atRead More →

New home construction in Canada is slowing, but remains above pre-pandemic levels. Data from the Canada Mortgage and Housing Corporation (CMHC) shows new housing starts slowed in January 2022. The number of new homes to begin construction fell below last year’s level . Financial institutions expect this to continue forRead More →

Construction of new homes in the United States fell in January for the first time in four months, indicating that pandemic-related labor absences have tempered recent gains in construction activity. Residential housing starts fell 4.1% last month to an annualized rate of 1.64 million, according to government data released Thursday.Read More →

Construction underway at Scripps Ranch Hub in 2021. Courtesy of Sudberry Properties The recovery from the pandemic recession has been positive for California commercial real estate, with solid industrial and multi-family housing and retail experiencing “new demand not experienced in years.” That was the word Wednesday from the Allen Matkins/UCLARead More →

By MATT OTT, AP Business Writer SILVER SPRING, Md. (AP) – New home construction in the United States rebounded 11.8% in November, as strong demand continued to boost builder confidence even as the slower winter season approached. The double-digit percentage increase last month left homebuilding at a seasonally adjusted annualRead More →

The pace of homebuilding in the Colorado Springs area fell in November for the fourth month in a row, a likely byproduct of builders who slowed production because they run out of materials and supplies and failed. enough workers. “Product availability and labor,” said Chad Thurber, president of local builderRead More →

More single-family homes are being built in Michigan than at any time in the past 14 years, but rising labor and material costs combined with a shortage of workers and a chain of unpredictable supply frustrates developers and buyers alike as the pandemic creates a perfect storm of crisis proportions.Read More →

Missoula is on a record pace for new home construction this year. “We are seeing incredible activity,” said Eran Pehan, director of the city’s Office of Community Planning, Development and Innovation. Until the end of July 2021, the city has processed 921 permits for single-family homes and rentals. Building permitsRead More →

Residents of a bustling residential area of ​​Edinburgh are worried about traffic jams after a new three-story apartment building is given the green light. Edinburgh City Council granted permission to developers First Scot Limited for the proposal on August 19. The developers want to build nine two-bedroom apartments, with parking,Read More →

You are reading Entrepreneur United States, an international Entrepreneur Media franchise. This story originally appeared on The Epoch Times Home construction fell sharply in July, proving that high construction costs and soaring house prices continued to be a drag on the housing market. Housing starts fell 7 percent to aRead More →

New home construction fell 7 percent in July as builders tackled massive backlogs on more recent contracts, data released by the Commerce Department showed Wednesday. Private housing starts hit a seasonally adjusted annualized rate of 1.53 million in July, falling below the revised June rate of 1.65 million while remainingRead More →