Industry News
-
NAR: Pending home sales remained unchanged in November 2023
Key Takeaways Pending home sales in November remained the same as one month ago. Month over month, contract signings grew in the Northeast, Midwest and West but they contracted...
-
NAHB: Exurban Areas Post Largest Construction Gains Despite Housing Slowdown
According to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the third quarter of 2023, single-family growth rates were negative...
-
Single-Family Starts Flat in October Amidst Mixed Market Signals
Despite rising mortgage rates and supply chain constraints, the housing market showed resilience in October, with overall housing starts increasing by 1.9% to a seasonally adjusted annual rate of...
-
Multifamily Developer Confidence Weak in Third Quarter Amid Financing Concerns
The National Association of Home Builders (NAHB) Multifamily Market Survey (MMS) revealed a decline in confidence among multifamily developers in the third quarter of 2023. The Multifamily Production Index...
-
Woodgrain Expands with Trimco Millwork Acquisition
Trimco Millwork will be acquired by Woodgrain, a renowned millwork and building products company. The deal is scheduled to finalize in December. Woodgrain’s acquisition of Trimco Millwork expands its...
-
Masonite opens Mesquite, Texas fulfillment center
Masonite, a manufacturer of interior and exterior doors for residential and commercial applications, recently launched a new fulfillment center in Mesquite, Texas. On Wednesday, Nov. 1, the corporation staged...
-
Builders and Lenders: Credit is tightening
The third quarter of 2023 saw a continued tightening of credit availability for residential AD&C loans, according to both the National Association of Home Builders (NAHB) AD&C Financing survey...
-
Rising mortgage rates reduce housing affordability to lowest level in index history
Rising mortgage rates, higher construction costs, and limited current availability all contributed to housing affordability reaching its lowest level in more than a decade in the third quarter of...
-
NAHB Members Host Exciting Career Fairs Nationwide
Throughout Careers in Construction Month in October, HBAs and members led high-impact events and dynamic discussions to highlight the value of the skilled trades. National Association of Home Builders...
-
PCL Construction’s Solar Division Secures Over $1 Billion in New Projects
PCL Construction has secured over $1 billion in new solar projects for 2023, expanding its sustainable energy footprint across the United States, Canada, and Australia. PCL Solar continues to...
