The total value of U.S. homes has climbed to a record $55.1 trillion, although growth has cooled in the past year amid high housing costs. That figure represents a $20 trillion increase since early 2020 and an $862 billion gain over the past year, according to an analysis released Monday by Zillow. But while the […]
US housing market value hits record $55T, but growth is slowing Read More »
Although modular construction has been a long-time construction option, advancements in technology, data and automation are making it more viable at scale, according to recent research from McKinsey & Co., which analyzed more than 700 companies in 50 countries. The data draws on interviews conducted by McKinsey with more than 20 global executives. Its database
Modular construction advancements could help address the housing shortage Read More »
Realtor.com has released a report that ranks the leading U.S. metropolitan areas for new residential construction as the country faces an estimated shortage of 4 million homes. The analysis examined the 100 largest metros based on the new-home share of listings, pricing compared to existing homes, climate risk and buyer demand. Fayetteville-Springdale-Rogers, Arkansas, topped the
Arkansas, Idaho metros lead the pack for new-home construction Read More »
Michigan cities and a bipartisan group of state lawmakers are backing a $160 million annual budget proposal aimed at increasing housing construction and rehabilitation through local zoning changes and financial incentives. Officials say it could spur 10,000 new homes over five years — or about 2,000 a year — at a total cost of $800
Michigan cities, lawmakers seek $800M for housing incentives Read More »
Permits for new multifamily housing construction have declined from the pace set during the COVID-19 pandemic, according to a Redfin analysis of U.S. Census Bureau data. Developers secured an average of 12.8 permits for buildings with at least five units per 10,000 people from July 2024 through June 2025. That is down 23.1% from the
Redfin: Multifamily housing permits fall from pandemic highs Read More »
The Lower Sioux Indian Community in Morton, Minnesota, has become the first in the country to create a fully vertically integrated “seed-to-wall” program using industrial hemp — addressing a critical shortage of affordable housing on its reservation. Prompted by U.S. Census Bureau data indicating the need for 200 new homes by 2030, the Lower Sioux
Hemp spells affordable housing for Native American community Read More »
In today’s report, new home sales fell short of sales estimates and experienced negative sales revisions, while inventory levels increased, which explains why residential construction is in a recession. However, today’s data doesn’t indicate a crash in new home sales. Instead, it highlights my concerns from December 2024: homebuilders are accumulating a lot of completed
New home sales show why residential construction is in a recession Read More »
New-home sales have been a relative bright spot in an otherwise stagnant housing market. But that’s changing and homebuilders recognize it. According to June 2025 data released Friday by the U.S. Census Bureau, single-family home construction is down year over year at every stage of the process. This includes permits (-8.4%), starts (-10%), completions (-15.5%)
Single-family home construction declines are accelerating Read More »
The U.S. faced a shortfall of 4.7 million homes in 2023 — the largest housing deficit on record — according to a new Zillow analysis of U.S. Census Bureau data. Persistent inventory shortages continue to drive the national housing affordability crisis, limiting access to homeownership and forcing millions of people to share homes with non-relatives.
Zillow: US housing shortage hit 4.7 million in 2023 Read More »
As many local governments continue to face challenges in bolstering their housing stock, one developer is taking action against Denver over a requirement to pay into the city’s dedicated affordable housing fund. The company, redT Homes, states that it’s the Denver area’s “only residential real estate development company […] offering a full suite of services,
Developer sues Denver over its affordable housing fund Read More »