Construction

Remodeling Demand Is Strong Despite Material and Labor Shortages

October 18th, 2021
Remodeler’s confidence increased in the third quarter, with the NAHB/Royal Building Products Remodeling Market Index (RMI) posting a reading of 87, according to the National Association of Home Builders (NAHB). The NAHB/Royal Building Products RMI survey asks remodelers to rate...

Housing Starts: Multifamily Dips but Single-Family Holding Steady

October 19th, 2021
Overall housing starts were down 1.6% in September to 1.56 million, pushed down by declines in multi-family construction. The September is the number of housing units builders would begin if development kept this pace for the next 12 months. However,...

Labor Issues in Construction a Crisis for Housing

November 5th, 2021
Among the many mitigating issues that have left the housing industry woefully short on inventory, labor remains “a key limiting factor,” according to a new report from the Home Builders Institute (HBI), which warns that skilled labor shortages are both...

Urban Land Institute Receives $500k Donation to Tackle Climate Change

November 5th, 2021
Lynn Thurber, the Chairman of JLL Income Property Trust and former Urban Land Institute (ULI) Global Chair, has donated $500,000 to support the efforts of the ULI Greenprint Center for Building Performance’s Net Zero Imperative, a multi-year initiative to accelerate...

October Sees Major Job Bump, But Continued Construction Worker Shortages Pose a Challenge

November 8th, 2021
The U.S. job market had a positive October, with nonfarm payrolls rising more than expected and the unemployment rate decreasing to 4.6%, according to the latest jobs report from the Labor Department. Nonfarm payrolls increased by 531,000 for the month...

Year-End Outlook: Labor Could Spark ‘Transformational’ Changes

November 10th, 2021
Editor’s Note: RISMedia’s Year-End Outlook series provides an in-depth analysis of the housing market’s leading indicators for economic health, and showcases expert insights on what’s to come in 2022. Dolly Parton might still be plugging away at a nine to...

Real Estate Q&A: Can We Build Another House in My Side Yard?

November 13th, 2021
(TNS)—Q: My property’s large side yard is more than big enough to fit another house. I want to deed part of my property to my son so he can build his home there. Should I get my mortgage lender’s permission...

Construction Making Headway but Builders Have to Play Catch-Up

December 6th, 2021
The inventory shortage has been a prominent issue in housing for years, but how much work do builders have ahead of them in order to keep up with sky-high demand? A new Zillow report shows builders still have to fill a 1.35...

Year-End Outlook: No End in Sight for Inventory Crunch in 2022

December 13th, 2021
Editor’s Note: RISMedia’s Year-End Outlook series provides an in-depth analysis of the housing market’s leading indicators for economic health, and showcases expert insights on what’s to come in 2022.  It is hard to sell houses without houses to sell. With...

NAHB Reports Strong Year-End Builder Confidence

December 16th, 2021
Builder confidence moved up for the fourth consecutive month despite ongoing inflation concerns and delays in production. For newly built single-family homes, confidence increased by one point to 84 in December, according to the National Association of Home Builders (NAHB)/Wells...
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