Your source for construction industry news in the Carolinas
Confidence in the market for new multifamily housing declined year-over-year in the second quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 44, down 12 points year-over-year, while the…
The National Association of Home Builders (NAHB) called on Congress today to address two key policies that will notably escalate costs for home buyers and renters: the federal push to mandate costly and restrictive national energy codes and the Biden administration’s recent proposal to cap rent increases at 5%. Testifying during a House Financial Services…
Green construction is rapidly gaining traction among both single family and multifamily home builders, according to new research published in the Green Multifamily and Single Family Homes 2017 SmartMarket Brief. The report is available for free download here. The latest in a series of studies conducted by Dodge Data & Analytics in partnership with the…
Led by a decline in multifamily production, nationwide housing starts fell 2.6 percent in April to a seasonally adjusted annual rate of 1.17 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Multifamily starts fell 9.2 percent to a seasonally adjusted annual rate of…
As construction material price are rising, the US Commerce Department took action that will contribute to an additional rise in the prices of a key building material. Wilber Ross, US Commerce Secretary has announced a new 20% tariff on imports of Canadian softwood lumber. The US currently imports about $5.66 billion worth of softwood lumber…
NAHB recently conducted a national poll of young adults ages 18 to 25 to find out how this age group feels about a career in the construction trades. The majority of young adults (74%) say they know the field in which they want to have a career. Of these, only 3% are interested in the…
Confidence amongst the nation’s home builders is strong according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Builder confidence in the market for newly-built single-family homes remained solid in April, falling three points to a level of 68 on the after an unusually high March reading. “Even with this month’s modest drop,…
