new construction - Articles

Homebuying: How to Choose Between New or Existing Dwellings

Shutterstock By AJ Smith When it comes time to stop renting and you are ready to own a home, most people have to decide whether to buy a new home or an existing one. Here's what to consider as you make your decision. Brand New The smell of new house may not be as popular as the smell of new car, but there are some... Continue Reading »

Construction Spending Up Slightly, Thanks to Homebuilding

Shutterstock By Paul Wiseman WASHINGTON -- U.S. construction spending rose modestly in December, slowing from healthy gains a month earlier. The Commerce Department said Monday that construction spending increased a scant 0.1 percent to a seasonally adjusted annual rate of $930.5 billion, down from a revised 0.8 percent... Continue Reading »

May's Housing Starts Fall Short of Predictions but Hit 5-Year High

Housing starts rose less than expected in May, likely reflecting labor and material constraints, but the overall trend remained consistent with strength in the housing market. Though permits for future home construction fell, that followed a surge in April, which hoisted them above the 1 million-unit mark. The pullback... Continue Reading »

Housing Starts June 2012: New Home Construction Rises to Highest Level Since October 2008

WASHINGTON -- U.S. builders broke ground on the most new homes and apartments in nearly four years last month, the latest evidence that the housing market is recovering. The Commerce Department said Wednesday that housing starts rose 6.9 percent in June from May to a seasonally adjusted annual rate of 760,000. That's the... Continue Reading »

Construction Spending Builds, Thanks to Housing

WASHINGTON -- Construction spending jumped in November as builders spent more on single-family homes, apartments and remodeling projects. The Commerce Department said Tuesday that spending on construction projects rose 1.2 percent in November, following a revised 0.2 percent drop in October. The increase was the third in... Continue Reading »

Homebuilder Confidence Stays Flat As Obstacles Persist

WASHINGTON - Homebuilders are just as pessimistic about the depressed housing market as they were two years ago. The National Association of Home Builders said Monday that its index of builder sentiment in August was unchanged at 15. The index has been below 20 for all but one month during the past two years. Any reading... Continue Reading »

New Home Sales Rise, But Conditions Remain Unchanged

The market for new homes showed some unexpected life last month. New home sales rose 11.1 percent to annual rate of 300,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. While this marks a nice bump up from the February rate of 270,000, it does not yet... Continue Reading »

Energy Efficient New Homes Get a Marketing Boost

If buyers could see from the start how energy efficient new homes save major dollars on energy costs, would they be more likely to open their wallets wider for a new home over old? In a market heavy with competition from distressed properties, Los Angeles-based builder KB Home and other new-home companies are betting they... Continue Reading »

New Home Construction Jobs on the Rise

A rise in new home construction is usually a good indicator that a housing market is humming along. Not surprisingly, new construction has suffered during the housing crisis. But David Schepp of our sister site, DailyFinance.com, reports that construction jobs are making a comeback this year. Few industries have been... Continue Reading »

Chinese Drywall Case: Builders Get a Break

A court decision in Florida recently exonerated homebuilders who'd used Chinese drywall, since they were not within the distribution chain. But they are not completely off the hook. While builders won't be held to rules of "strict liability" for homes impacted by allegedly toxic Chinese drywall, this ruling is not a... Continue Reading »

With the available inventory of homes in today's market, you might want to take a look at "new construction", which is a new property being offered by a home builder. Wondering if one of these is right for you? Here are some pros and cons you should consider. Continue Reading »

Housing Recovery in Only Two Areas, Says Federal Reserve Report

Only two regions of the country showed any sign of a real estate recovery in July and August -- Cleveland and St. Louis. Otherwise, activity in residential real estate markets declined further, according to the Federal Reserve's Beige Book released Sept. 8. In most areas of the country, inventories of available homes rose,... Continue Reading »

Housing Starts Disappoint, Analysts Shrug

What happens when there is bad housing news that nobody hears? Is it like the proverbial tree falling in the forest? Does it mean the bad news won't have a negative effect? New construction of homes dropped by 10 percent in May from the previous month, to a seasonally adjusted 593,000, according to new figures released by... Continue Reading »

Connecticut Teardowns Are Back: Housing Bubble?

"The crashing sound of Connecticut homes is making a comeback," blared a recent article in the Wall Street Journal. The much-maligned practice of tearing down older, smaller homes to make way for new, larger McMansions was most popular two or three years ago in the upscale communities of affluent Fairfield County, Conn. --... Continue Reading »

Alaska: Will Octagonal Homes Reshape Rural Housing?

Sarah Palin may be having a banner year, but some of her fellow residents in rural Alaska have been facing a rough spring. Rain, freezing temperatures and harsh weather conditions have taken a toll on homes in the rural Alaskan town of Quinhagak (population: 555). Last year, a report by the Cold Climate Housing Research... Continue Reading »

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