U.S. single-family homebuilding fell sharply in January amid disruptions from snowstorms and freezing temperatures, with a rebound likely to be limited by higher costs from tariffs on imports and elevated mortgage rates.The report from the Commerce Department on Wednesday mirrored similar weather distortions that impacted retail sales and job growth last month, and suggested that economic activity slowed early in the first quarter. Part of the de
The Fontana City Council held a special presentation about housing funds and homelessness assistance during its Jan. 28 meeting. Fontana Housing Development Manager Valerie Gonzales detailed the statistics and figures with the council and said the current grant total is $14,902,041.“The Fontana housing department is dedicated to supporting housing programs for low and moderate-income families and seniors by managing various grants and collabora
U.S. construction spending increased more than expected in December, boosted by single-family homebuilding, but high mortgage rates could curb further gains in new residential construction.The Commerce Department's Census Bureau said on Monday that construction rose 0.5% after an upwardly revised 0.2% increase in November. Economists polled by Reuters had forecast construction spending would advance 0.2% after being previously reported as unchang
Smart homes have become more than just a trend—they are quickly reshaping the residential construction landscape. With homeowners seeking enhanced convenience, energy efficiency, and security, integrating smart technology into new builds is becoming a priority for residential builders. For those in the industry, understanding the implications of this shift is crucial for staying competitive and meeting expectations.This article explores the ris
U.S. construction spending increased more than expected in October, boosted by single-family homebuilding.The Commerce Department's Census Bureau said on Monday construction spending rose 0.4% after an unrevised 0.1% gain in September. Economists polled by Reuters had forecast construction spending climbing 0.2%. Construction spending advanced 5.0% on a year-on-year basis in October.Spending on private construction projects increased 0.7%. Invest
U.S. homebuilder sentiment rose to a seven-month high in November and expectations for sales in the next six months surged to the highest in about two-and-a-half years after a Republican election sweep fueled optimism for regulatory changes that could lead to more residential construction, a survey said on Monday.The National Association of Home Builders/Wells Fargo Housing Market Index rose to 46 this month, the highest since April, from 43 in O
US housing starts eased in September as a drop in multifamily projects outweighed a pickup in construction of single-family dwellings.Housing starts decreased 0.5% last month to a 1.35 million annualized rate, according to government data released Friday, after a big rebound in August. The September figure was in line with the median projection in a Bloomberg survey of economists.Starts of single-family homes climbed 2.7% to an annual
The Counselors of Real Estate released its annual list of the most pressing topics facing commercial and residential real estate in the year ahead.Political uncertainty, soaring insurance costs and the growth of artificial intelligence are among the hot topics that likely will have a big impact on the real estate industry in 2025, according to the Counselors of Real Estate, a global organization of property advisers. Each year, CRE releases its
U.S. construction spending unexpectedly fell in August amid a sharp drop in outlays on single-family housing projects, but declining borrowing costs could stimulate activity in the months ahead.The Commerce Department's Census Bureau said on Tuesday construction spending dipped 0.1% after a downwardly revised 0.5% drop in July. Economists polled by Reuters had forecast construction spending would edge up 0.1% after a previously reported 0.3% decr
U.S. home builder confidence edged up in September as mortgage rates fell, breaking four months of consecutive declines, but remained at relatively low levels as rising costs continued to impede construction.The NAHB/Wells Fargo Housing Market Index of builder confidence rose to 41 this month from 39 in August, the National Association of Home Builders said on Tuesday. A Reuters poll showed economists expected the outlook to increase to 40 this m
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