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Apartment starts drop 33%

Construction industry news, trends and jobs for building professionals who want mobile-friendly content. ....

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No Relief in Sight: High Mortgage Rates Are Sticking Around

Freddie Mac’s average 30-year fixed mortgage rate was 7.19% last week, and it could reach a level unseen since 2001. ....

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New York rent is sky-high, but rent growth in Midwest is surpassing it

Of the 10 largest yearly gainers, only New York state, which saw 13% rent growth year over year, was outside the South or Midwest. ....

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Summer Cooldown: Newly Built Homes Will Offer A Lifeline For Some Agents

Three economists share what's ahead for the summer, from sellers' struggles with mortgage rates to the resurgence of bidding wars and the gift of new-home sales. ....

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New Home Sales Jumped 20% In May, A 12.2% Jump From April

Sales of newly built single-family homes were at a seasonally adjusted rate of 763,000 during May 2023, 20 percent higher than the levels seen in May 2022. ....

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