Latest New residential construction News

FILE - In this Sept. 3, 2019 file photo a sign rests in front of a newly constructed home, in Westwood, Mass. Construction of new homes fell again in February 2020, but not as much as the previous month. Those declines follow a December surge which had pushed home construction to the highest level in 13 years. (AP Photo/Steven Senne, File)

New US home construction dips again in February

Mar. 18, 2020 10:02 AM EDT

WASHINGTON (AP) — Construction of new homes fell again in February, but not as much as the previous month. Those declines follow a December surge which had pushed home construction to the highest level in 13 years. Builders started construction on 1.60 million homes at a seasonally adjusted annual rate, a...

FILE - In this Sept. 3, 2019, file photo a for sale sign, left, rests in front of a newly constructed home, in Norwood, Mass. On Wednesday, Feb. 19, 2020, the Commerce Department reports on U.S. home construction in January. (AP Photo/Steven Senne, File)

US home construction dips 3.6% in January

Feb. 19, 2020 11:56 AM EST

WASHINGTON (AP) — Construction of new homes edged back slightly in January after a December surge that had pushed home construction to the highest level in 13 years. The Commerce Department reported Wednesday that builders started construction on 1.57 million homes at a seasonally adjusted annual rate, a...

FILE - This April 13, 2019, file photo, shows homes in suburban Salt Lake City. Americans shopping for a home this spring may face more competition than they have in years. (AP Photo/Rick Bowmer, File)

Buyers face more competition amid shortage of home listings

Feb. 13, 2020 2:02 PM EST

LOS ANGELES (AP) — Americans shopping for a home this spring may face more competition than they have in years. A strong labor market and growing pool of would-be buyers as more millennials enter their 30s is expected to fuel demand for homes at a time when the inventory of properties for sale is at the...