Lumber prices have tripled over the past 12 months, driving up the price of the average new single-family home by $35,872. NAHB hopes to alleviate the situation by meeting with the White House, lawmakers and others.
Low mortgage rates and low inventory levels are making the demand for homebuilding more attractive to buyers in Boston and nationwide.
The DHS announcement comes in response to businesses reporting an immediate need for supplemental, temporary guest workers for this fiscal year.
Privately owned housing starts jumped 19.4% from February’s revised estimate to a seasonally adjusted annual rate of 1,739,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development.
New construction purchases among first-time homebuyers account for almost half of the new home market in 2021.
The National Association of Home Builders published the results of its Special Study for Housing Economics, highlighting the 2020 annual census of who makes up its members.
A downtown Boston developer wants to change its current hotel project to residential, citing shifts in the hospitality industry and the impact it’s faced due to the COVID-19 pandemic.
“Caldwell is more than a place to live, it truly is an experience, and we designed the building to ensure a safe habitual lifestyle.” — Michael Procopio, vice president of development, Procopio Companies
After declining for years, the size of new single-family homes has begun to level off as consumers spend more time at home, a National Association of Home Builders analysis found.
The flight to the suburbs has become a growing preference for buyers, but renters are also finding respite in the outskirts of larger metro areas. That could help continue to drive new construction of apartments in suburbs across the country, according to a new report from Rent Cafe.