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Overall housing activity down by nearly one-third compared to last year.
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A Dallas 'burb is looking to attract development by waiving fees for builders.
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Housing starts for single-family homes took a bigger than expected dive in December -- 14.2 percent to a seasonally adjusted 1.006 million annual rate, to be exact, the Commerce Department said Thursday morning. The latest surge downward is the lowest point for groundbreaking in 16 years. The report...
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When C.P. Morgan Communities chose Charlotte, N.C., as its first expansion market, in 2004, it selected it from 25 cities the builder had analyzed along seven statistical categories and 25 subcategories. Since entering Charlotte, the builder has broken down that metropolis into 20 submarkets and rea...
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Ask builders where they'd like to expand, or start over (which is more likely the case these days), and eventually they'll mention these and a few other markets, all for the same reason: strong job growth that promises steady home sales for years to come.
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Dec. 23, 2007: Hovnanian is hit with big losses; builder confidence remains low; and permits and starts continue to slide. BUILDER Online catches you up with the news you might have missed.
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Housing starts dropped in November, and permits for future construction slid to a 14-year low, according to a report released Tuesday by the Department of Commerce and the Department of Housing and Urban Development (HUD).
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Nov. 24, 2007: Freddie Mac Posts a $2 Billion Loss but reportedly plans to raise $5 Billion in preferred stock sale; housing permits continue to fall; and builder sentiment stays at record low. BUILDER Online catches you up with the news you might have missed.
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Housing permits reached a new 14-year low in October as housing starts, enhanced by a surge in multi-family unit construction, made a modest jump according to a joint report from the Commerce Department and the U.S. Department of Housing and Urban Development (HUD) on Tuesday morning. Total permits ...
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Commissioners in Miami-Dade County, Fla., have temporarily halted building permits for trailer park conversions in an effort to preserve the area's dwindling supply of affordable housing. The stopgap measure, which went into effect on Oct. 16, buys time for the county to compile recommendations on a...
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On the whole, house prices are down and will go down further. According to the inaugural housing report from former Credit Suisse managing director and now-founder and CEO of Zelman and Associates, Ivy Zelman, supply/demand imbalance in housing will stabilize in 2010 or 2011. Home prices will likely...
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Construction continues to stall as housing starts dropped 10.2 percent in September, while building permit activity plummeted 7.3 percent, according to a joint report from the Commerce Department and the U.S. Department of Housing and Urban Development on Wednesday. The monthly report revealed that ...
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THIS NOVEMBER, VOTERS IN Tucson, Ariz., weigh in on a bill that ostensibly would repeal a monthly $14 garbage pickup fee, but could also create a moratorium on building permits. The measure is called the Tucson Water Users' Bill of Rights, as the fee is applied to Tucson Water customers. The initiat...
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Citing “baseless” claims of environmental impact, the NAHB celebrated a June decision by the U.S. Supreme Court that will grant Clean Water Act permitting authority to Arizona's state government.
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Despite widespread acknowledgment among economists that inventory is well above healthy levels and must be reduced, total housing starts increased in the final months of 2006, from 1.478 million in October to 1.643 million in December.
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NO BUILDER OR DEVELOPER needs to be reminded that plan approval and land entitlement get longer, thornier, and more expensive every day.
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A RECENT DECISION BY THE EPA WILL PROMOTE housing affordability and is a victory for home builders, the environment, and home buyers. It also provides an excellent example of how grassroots activism can result in significant dividends for NAHB members.
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IT'S HARD TO ARGUE WITH JIM MIGLIORE, CEO OF BILL CLARK HOMES IN Greenville, N.C., when he boasts that land for new-home construction “usually comes to us.” Last year, the builder acquired the land assets of developer Bledsoe Properties in Fayetteville, N.C. Another parcel it recently bought in Apex...
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Nearly 76,000 homeowners in Louisiana and Mississippi have been unable to resume their mortgage payments since last year's Gulf Coast hurricanes and have fallen into “seriously delinquent” status, meaning that their payments are overdue by 90 days or more or they have entered foreclosure, according ...
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It takes Olthof Homes six fewer days to close a house now than it did last June. But the St. John, Ind.–based builder didn't find that time in the sticks and bricks of its homes. It shaved the days from its “soft cycle,” the time between when the buyer signs the contract and the builder breaks groun...