Industry News
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Second-Home Areas Growing in Homebuilding Market
According to NAHB’s featured topic for the second quarter HBGI, second homes account for 17.5% of single-family and 8.6% of multifamily construction. The recent NAHB survey reveals that there...
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US LBM Adds Nix Door and Hardware
US LBM, a leading distributor of specialist building materials in the United States, has acquired Nix Door and Hardware, a Dallas-Fort Worth-based company that provides bespoke building goods and...
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ABC Construction Backlog Dropped in August
According to an ABC member survey performed between August 20 and September 5, the Construction Backlog Indicator decreased to 8.2 months in August. The reading is down 1.0 month...
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Culpeper Wood Preservers Acquires Maryland’s Long Life Treated Wood
Culpeper Wood Preservers, a major pressure-treated timber company, has purchased Long Life Treated Wood, a Maryland-based supplier and manufacturer of marine-grade lumber. This acquisition strengthens Culpeper’s marine division and...
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NAHB: Private Residential Construction Spending Falls in July
Private residential construction spending declined by 0.4% in July, according to Census Construction Spending figures. Nonetheless, spending remained 7.7% greater than a year ago. The monthly decrease in overall...
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NAHB: Best Quarter for Custom Home Building in Nearly Two Years
According to National Association of Home Builders (NAHB)’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey, custom home construction is on the...
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Townhouse Construction Growth Continue
Year-over-year improvements in townhouse construction continued in the second quarter of 2024, as demand for medium-density housing remained strong despite a slowdown in other sectors of the building industry....
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Builder Confidence Falls as Market Expects Rate Cuts
A lack of affordability, as well as buyer reluctance due to high interest rates and housing prices, contributed to a drop in builder sentiment in August. According to the...
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NAHB: Building Material Price Growth Tracking Close to 2023
Residential construction inputs, excluding food and energy, fell 0.04% in July, according to the most recent Producer Price Index (PPI) report published by the U.S. Bureau of Labor Statistics...
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First time in years: Luxury property values are rising faster than average residences
Luxury home value increase, which has persistently lagged that of the market’s middle tier in recent years, has now outperformed gains on average homes for five straight months, according...
