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Economic uncertainty to continue weighing on housing market: CMHC
3+ day, 10+ hour ago (185+ words) Housing starts are projected to continue falling across the forecast period as builders respond to weak demand, elevated inventories and high construction costs. Low levels of construction relative to historical averages are expected in Ontario and British Columbia, particularly in…...
CMHC forecasts lower homebuilding over next two years
3+ day, 1+ hour ago (525+ words) Canada’s federal housing agency is forecasting that annual housing starts will fall 7 per cent this year, and it expects them to continue to drop.JONATHAN HAYWARD/The Canadian Press Canada’s federal housing agency predicts home building will decline over the…...
Facade Installation Underway for 12-Story Residential Project in Gowanus
5+ day, 10+ hour ago (222+ words) Window and facade components are being installed at 545 Sackett "Majestic" a 12-story mixed-use, mixed-income residential project on the northeastern section of the Gowanus Canal. The 146-foot tall structure will ultimately contain 245,000 square feet of rental units, of which 25% will be…...
Atlanta Homebuilders Are Changing Strategy as Housing Market Shifts
5+ day, 9+ hour ago (452+ words) Current trends in Atlanta’s housing market are creating new opportunities for some homebuilders, according to industry analysts. Higher mortgage rates and rising construction costs are affecting buyers and builders, respectively. Builders are responding by offering incentives designed to make homes…...
Multifamily Rebound Lifts Housing Starts As Single‑Family Stalls
5+ day, 13+ hour ago (49+ words) Globest GlobeSt is a real estate media company serving the commercial real estate community. For questions about GlobeSt.com, please call 646-978-9578 (9:00am-10:00pm ET, Monday through Friday, except holidays), or send an email to [email protected]....
Multifamily Gains Lift Overall Starts
1+ week, 22+ hour ago (97+ words) [Washington] Strong multifamily growth pushed overall housing starts higher in June, while single-family production remained sluggish as elevated mortgage rates, rising construction costs and persistent labor shortages continued to weigh on the market. Overall housing starts increased 19 percent in June…...
Single-family homebuilding falls as permits hit 10-month low
1+ week, 1+ day ago (745+ words) WASHINGTON — U.S. single-family homebuilding fell for a third straight month in June while permits for future construction dropped to the lowest level in 10 months, weighed down by higher mortgage rates and a glut of unsold new homes on the market....
US single-family housing starts, building permits fall in June
1+ week, 1+ day ago (150+ words) WASHINGTON, July 17 (Reuters) - U.S. single-family homebuilding and permits for future construction fell in June, weighed down by higher mortgage rates and inventory of unsold new homes on the market. The bill became law despite President Donald Trump not signing it, demanding…...
Housing permits near cycle lows even as housing starts beat estimates
1+ week, 1+ day ago (285+ words) Starts can swing month to month and June’s gain was driven by multifamily volatility, not a clear single-family rebound. The permits trend remains near cycle lows, aligning with weaker builder confidence and limited appetite to expand supply without stronger demand....
US JUNE HOUSING STARTS 1.427M VS 1.320M EXPECTED AND 1.199M IN MAY
1+ week, 1+ day ago (30+ words) TradingView US JUNE HOUSING STARTS 1.427M VS 1.320M EXPECTED AND 1.199M IN MAY More news from Mace News...