Latest Residential construction News

Sale of former Table Talk Pies headquarters finalized

Jan. 20, 2022 12:44 PM EST

WORCESTER, Mass. (AP) — A former Massachusetts bakery building that made its last pie earlier this month has been sold for more than $4.5 million to a developer planning to build housing and retail space at the site. The deal to sell the 3.9-acre site in Worcester that had served...

December marks 3rd straight month of growth for US builders

Jan. 19, 2022 09:55 AM EST

SILVER SPRING, Md. (AP) — Construction of new homes in the U.S. rose for the third consecutive month in December and data released Wednesday suggests that the frantic pace of building will continue this year. The December increase puts home construction at a seasonally adjusted...

This Week: Housing starts, Netflix earns, leading indicators

Jan. 17, 2022 00:16 AM EST

A look at some of the key business events and economic indicators upcoming this week: HOUSING MARKET BELLWETHER New government data on residential construction should provide insight into the state of the new-home market. The Commerce Department is...

Pandemic adds time, cost to rebuild after Colo. wildfire

Jan. 07, 2022 18:35 PM EST

LOUISVILLE, Colorado (AP) — Rex and Barba Hickman’s home of 23 years near the foothills of the Rocky Mountains has been reduced to a blackened heap by the most destructive wildfire in Colorado history. Before the Dec. 30 blaze, which ripped through nearly 1,100 homes, the...

Some regret sitting on housing market sidelines

Dec. 26, 2021 03:11 AM EST

FORT LAUDERDALE, Fla. (AP) — As South Florida home prices spiked during the pandemic, some people decided to put their home shopping on pause in the hopes that prices might drop, a decision they are coming to regret. Now, a year-and-a-half into record price growth and dwindling...

Paraplegic real estate agent tackles housing accessibility

Dec. 25, 2021 09:03 AM EST

RICHMOND, Va. (AP) — William Sweeney began hatching an idea nearly 10 years ago after waking up from a medically-induced coma and learning he was a paraplegic. After various operations and months in rehabilitation, Sweeney needed a place to live that was wheelchair accessible...

Solid demand, backlog of home orders favors builders in '22

Dec. 16, 2021 12:32 PM EST

LOS ANGELES (AP) — U.S. homebuilder stocks have outpaced the broader market this year, and analysts are bullish on the prospects for more gains in 2022, despite expectations of continued supply chain woes. The SPDR S&P Homebuilders exchange-traded fund is up 45% this year. Two...

US home construction rebounds a strong 11.8% in November

Dec. 16, 2021 11:53 AM EST

SILVER SPRING, Md. (AP) — New home construction in the U.S. rebounded 11.8% in November as strong demand continues to boost builder confidence even with the slower winter season approaching. The double-digit percentage increase last month left home construction at a seasonally...

Indiana board set to divvy out $500M in development grants

Dec. 13, 2021 17:37 PM EST

INDIANAPOLIS (AP) — Communities across Indiana are set to find out Tuesday whether they will share in $500 million that state officials are giving out for regional economic development projects. Proposals covering all 92 Indiana counties were submitted for the money coming from...

This Week: Fed policy update, housing starts, Darden earns

Dec. 13, 2021 01:18 AM EST

A look at some of the key business events and economic indicators upcoming this week: THE FED SPEAKS The Federal Reserve delivers an economic and interest rate policy update Wednesday, after a two-day meeting of its policymakers. The central bank has...