Latest Residential construction News

Workers toil on a multifamily dwelling Tuesday, Aug. 4, 2020, in Winter Park, Colo.   The Commerce Department reported Tuesday, Aug. 18, construction of new U.S. homes surged 22.6% last month as homebuilders continued to bounce back from the coronavirus pandemic.  (AP Photo/David Zalubowski)

August US home building slides 5.1% after months of gains

Sep. 17, 2020 10:01 AM EDT

WASHINGTON (AP) — U.S. housing construction fell a surprising 5.1% in August after three months of strong gains when home builders ramped up projects following a pandemic-induced shutdown in March and April. New homes were started at a seasonally adjusted annual pace of 1.42 million last month after a...

FILE - This 2016 file photo provided by The Xerces Society shows a rusty patched bumblebee in Minnesota, which was officially designated an endangered species March 21, 2017. Federal regulators said Monday, Aug. 31, 2020, they won't designate critical habitat for the rusty patched bumblebee, the first bee species in the continental U.S. to be listed as endangered. The U.S. Fish and Wildlife Service said the species can get along without having specially protected habitat, even though its population has dropped 90% in the past two decades. (Sarah Foltz Jordan/The Xerces Society via AP, File)

Agency denies critical habitat for endangered bumblebee

Aug. 31, 2020 6:57 PM EDT

TRAVERSE CITY, Mich. (AP) — Federal regulators said Monday they would not designate critical habitat for the first bee species in the continental U.S. to be listed as endangered, a move that environmentalists said would worsen its chances for recovery. The U.S. Fish and Wildlife Service said it had...

FILE - In this April 1, 2020 photo, a

July sales of new homes surge 13.9%, far more than thought

Aug. 25, 2020 11:36 AM EDT

SILVER SPRING, Md. (AP) — Sales of new homes jumped again in July, rising 13.9% as the housing market continues to gain traction following a spring downturn caused by pandemic-related lockdowns. The Commerce Department reported Tuesday that July's gain propelled sales of new homes to a seasonally-adjusted...

FILE - In this Sept. 3, 2019 file photo a sign rests in front of a newly constructed home, in Westwood, Mass. U.S. home prices rose in April for the eighth straight month, even as sales have stumbled, a sign the coronavirus outbreak has had little impact on real estate values. The S&P CoreLogic Case-Shiller 20-city home price index climbed 4% in April, the largest gain since December 2018, up from 3.9% in March. (AP Photo/Steven Senne, File)

S&P CoreLogic Case-Shiller: US home prices rise 3.5% in June

Aug. 25, 2020 9:24 AM EDT

WASHINGTON (AP) — U.S. home prices rose at a slightly slower pace in June, but the U.S. housing market continued to show resilience in the face of the coronvavirus pandemic. The S&P CoreLogic Case-Shiller 20-city home price index rose 3.5% in June from a year earlier, down from May's 3.6% increase and...

FILE - This Monday, April 27, 2020, file photo shows a sale pending sign on a home in Mount Lebanon, Pa. The coronavirus pandemic helped shape the housing market by influencing everything from the direction of mortgage rates to the inventory of homes on the market to the types of homes in demand and the desired locations. (AP Photo/Gene J. Puskar, File)

Low rates and heavy buyer demand send US home sales surging

Aug. 21, 2020 3:32 PM EDT

SILVER SPRING, Md. (AP) — Spurred by ultra-low mortgage rates, home buyers rushed last month to snap up a limited supply of existing houses, causing the pace of purchases to jump by a record-high 24.7%. The July surge in sales reported Friday by the National Association of Realtors marked the second...

Workers toil on a multifamily dwelling Tuesday, Aug. 4, 2020, in Winter Park, Colo.   The Commerce Department reported Tuesday, Aug. 18, construction of new U.S. homes surged 22.6% last month as homebuilders continued to bounce back from the coronavirus pandemic.  (AP Photo/David Zalubowski)

US home construction surges 22.6%, third monthly increase

Aug. 18, 2020 9:09 AM EDT

WASHINGTON (AP) — Construction of new U.S. homes surged 22.6% last month as homebuilders bounced back from a lull induced by the coronavirus pandemic. The Commerce Department reported Tuesday that new homes were started an annual pace of nearly 1.5 million in July, highest since February and well above...

Clayton Homes co-founder dies in Tennessee helicopter crash

Aug. 4, 2020 3:59 PM EDT

KNOXVILLE, Tenn. (AP) — A co-founder of Clayton Homes, a national home-building company, was killed when a helicopter crashed into the Tennessee River, relatives said Tuesday. Three others escaped the wreckage and were rescued by a pontoon boat that was on the river near Knoxville on Monday night,...