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Stories Tagged as

New construction

Apartment vacancies up across Sun Belt after building spree

by Matt Levin
Jul 24, 2024
The pandemic exodus from coastal areas to cities like Austin and Atlanta has cooled off, and rental supply is outstripping demand.
Cities like Austin, Texas, saw a surge of new residents early in the pandemic. Now the scales have tipped the other way, and rental supply is greater than demand.
Brandon Bell/Getty Images
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Given the housing shortage, why is it so hard to build new apartments?

by Daniel Ackerman
Jun 20, 2024
Inflation, climate change and zoning laws have increased rents and building costs. Developers are focusing on high-priced luxury units.
Developers, who face stiff costs of their own, are focusing on high-profit luxury units, leaving low-income renters in a precarious position. 
Frederic J. Brown/AFP via Getty Images
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New construction homes are playing a bigger role in the housing market

by Meghan McCarty Carino
Nov 27, 2023
New home sales fell 5.6% in October, but they're still up 18% over last year. And they make up a record share of total inventory.
Homebuyers may be able to find deals right now on new homes that began construction during the housing boom, says Redfin economist Daryl Fairweather.
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Home builders try to make houses more affordable by making them smaller

by Savannah Peters
Nov 1, 2023
High mortgage rates and building costs have reversed the pandemic trend of bigger houses.
The construction of smaller homes now could help ensure affordable inventory in the long run.
Mario Tama/Getty Images
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New apartments coming on the market may ease rent inflation, but not the housing shortage

by Henry Epp
Sep 22, 2023
Many of the projects being completed were delayed by the pandemic.
While the overall housing shortage may not be over, new apartment building completion was up in August. Enough new units could help cool rent inflation.
Brandon Bell/Getty Images
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Why homebuilders remain confident in spite of high interest rates

by Ali Budner
Jul 19, 2023
High interest rates are hitting the construction industry, but homebuilder confidence keeps growing, given the steady demand for new construction.
With existing inventory still low and mortgage rates still high, more buyers are turning to new construction.
JIM WATSON / Getty Images
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New house construction is booming. Here's why most of it isn't affordable.

by Samantha Fields
Jun 20, 2023
There may be more supply, but it tends to cater to demand at the higher end of the income spectrum.
Over the past decade or so, new home construction slowed and still hasn’t caught up with demand.
Joe Raedle/Getty Images
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Apartment construction is booming, but it probably won't last

by Henry Epp
Jun 2, 2023
The Census reports that construction of multifamily homes, like apartment buildings, was up about 25% year-over-year.
The Census reports that construction of multifamily homes, like apartment buildings, was up about 25% year-over-year.
Brandon Bell/Getty Images
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New home construction ticked up in April, signaling a rise in demand

by Justin Ho
May 17, 2023
Most new homes are going up in the South and states like Utah and Nevada, where homes are generally more affordable than on the coasts.
New home construction has picked up in the Mountain West, where housing is generally more affordable than on the coasts.
Jim Watson/AFP via Getty Images
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