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Stories Tagged as

New homes

Despite shortages of materials, new housing construction is up

by Amanda Peacher
Dec 16, 2021
Contractors are finding ways to work around supply chain delays, but projects are taking longer.
New homes are being built, but the costs of shortages and delays may be passed on to buyers.
Scott Olson via Getty Images
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Despite rising costs and labor shortages, home builders remain optimistic

by Justin Ho
Dec 16, 2021
Demand for homes continues to outpace supply.
Demand is one of the driving forces behind home builders' improving optimism.
Getty Images
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Millennials locked out of hot real estate markets

by Mitchell Hartman
Nov 29, 2021
The National Association of Realtors reported on Monday that pending home sales were up 7.5% in October.
Millennials are staying in their apartments for longer than they would have a decade ago, likely due to the high cost of first-time homes.
Spencer Platt via Getty Images
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Homebuilders are constructing fewer homes ... on purpose

by Amy Scott
Jul 29, 2021
Some companies have decided it's better to hold back right now.
Despite a hot housing market, new data from Zonda show that 85% of homebuilders are intentionally capping their sales.
Justin Sullivan via Getty Images
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What happens when a home builder can't find a microwave?

by Caroline Champlin
Jul 26, 2021
Until all the appliances are installed in a home, construction is not complete.
Limited supplies of basic home appliances, like microwaves, are delaying the completion of some new-build properties.
Stephen Brashear via Getty Images
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Labor shortage and building material costs still hammering the new home market

by Amanda Peacher
Jul 20, 2021
A look at the factors influencing home construction.
A worker carries lumber as he builds a new home in Petaluma, California. 
Justin Sullivan/Getty Images
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COVID-19

New home sales in August hit highest level since before Great Recession

by David Brancaccio , Candace Manriquez Wrenn , Erika Soderstrom and Alex Schroeder
Sep 25, 2020
Some of what we're seeing might be making up for a spring in which people were stuck at home and not buying.
Sales of new single-family homes rose 4.8% in August and surpassed an annual rate of 1 million for the first time in 14 years.
Justin Sullivan/Getty Images
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U.S. new home sales rise surprisingly strong 16.6% in May

by Associated Press
Jun 23, 2020
The numbers suggest that the reopening of major parts of the country gave a boost to the housing market.
A for-sale sign outside a house. Sales of existing homes jumped in June.
Eric Baradat/AFP via Getty Images
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Homebuilders still need more workers

by Amy Scott
Feb 18, 2020
"The labor shortage continues to be the number one issue for homebuilders," one economist said.
Justin Sullivan/Getty Images
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Housing held back by too few new homes

by Mitchell Hartman
Jul 26, 2016
Home sales have been on the rise, and so have home prices. But home builders are not ramping up production to even approach pre-recession levels.
In June, existing home sales hit their highest level since 2007.
Sean Gallup/Getty Images
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