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NAHB: Slabs Replace Basements in East North Central

According to an analysis conducted by the National Association of Home Builders (NAHB) of the U.S. Census Bureau's Survey of Construction (SOC), slab foundations...
Alex Matthews -
Industry News

Single-family continues to struggle with affordability

In September, the number of single-family housing starts decreased due to the persistent labor shortages, increased financing, and the cost of building materials. The U.S....
Owen Everett -
Industry News

NAR: Pending Home Sales Fall 7.3% in September as Mortgage Rates Rise

Fewer buyers signed contracts in September in every U.S. region, an early sign that rapidly rising mortgage rates are cooling fall home sales. Pending home...
Chris Gordon -
Industry News

Rising Rates Lower Builder Sentiment

The sentiment of builders has reached a 14-year low due to the combination of worsening labor and lot conditions, rising mortgage rates, and energy...
Chris Gordon -
Industry News

NLBMDA: Commerce Cuts Canadian Softwood Lumber Duties to 24.75 Percent

A final federal review lowers duties on most Canadian softwood lumber, a welcome step for U.S. dealers, though a separate 10 percent tariff still...
Bobby Craig -
Industry News

Construction Material Inflation Nears Four-Year High

After gaining 0.5% in August, the final demand PPI rose 1.3% in September. Compared to last year, final demand prices rose 6.3%. Goods utilized...
Chris Gordon -
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