Construction Archive

New Home Sales in May

Sales of newly constructed homes soared to the highest level in six years. In May, sales jumped 19 percent to an annualized pace of 504,000 units. Rising sales are a reflection of pent-up demand and indicate further increases in...

Housing Starts in March

Housing starts rose by 3 percent in March.  More single-family homes are being constructed while multifamily units contracted modestly. The latest pace of 946,000 units on an annualized basis, however, is still well short of what is needed to...

Construction Costs and Commodities Price Trends

The cost to build homes has been rising much faster than the broader consumer price index.  In February the construction cost to build homes rose 7.8 percent from one year ago.  Cumulatively over the past 2 years, the cost...

The Latest on Housing Starts

In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses the latest on housing starts data....

The Latest on Construction Spending

In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses  construction spending....