LAS VEGAS — The United States may be short of homes, even as builders keep on building. But where are these new houses going up? Research from the National Association of Homebuilders, or NAHB, has identified the top five markets where builders are building the most single-family homes. The NAHB looked at permits issued through
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Email Sign Up For Our Free Weekly Newsletter Yet Remodeling Market to Remains Solid This Year According to the National Association of Home Builders, multifamily starts are predicted to fall in 2023, following an unsustainable high level of production last year. Meanwhile, the remodeling sector remains on solid ground and will do better than the
The Bank of England believes inflation has probably peaked, in the UK and other advanced economies too. In a summary of today’s decision, the Bank says: Global consumer price inflation remains high, although it is likely to have peaked across many advanced economies, including in the United Kingdom. Wholesale gas prices have fallen recently and
After a year of consistent interest rate hikes and stubbornly high inflation, housing construction slowed across Canada in December. According to recent data from Statistics Canada (StatCan), the total value of building permits issued in December fell to $10.3B, a monthly decline of 7.3% and down 9.3% from a year prior. The residential sector accounted
West Fraser’s Hinton Pulp mill has successfully transitioned according to plan, moving from a two-line Northern bleached softwood kraft pulp mill to a single-line unbleached kraft pulp mill. “Thanks to the commitment and ingenuity of employees, the safe and timely transition was completed by mid-October,” read a prepared statement from Joyce Wagenaar, director of communications
Prospective buyers at an open house in Florida. Mike Stocker | South Florida Sun Sentinel | Tribune News Service | Getty Images The average rate on the 30-year fixed rate mortgage has fallen to 5.99%, according to Mortgage News Daily. The housing market hasn’t seen the rate with a five handle since a brief blip
The adages of young adults living in their childhood bedroom, above the garage, and in the basement have all rung true in the last two years. The good news for parents is that young adults seem to now be boomeranging back out of the nest. In 2022, 15.6% of young adults aged 25 to 34
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