Private Residential Construction Spending Rises in September

The NAHB reports that, according to the Census Construction Spending data, single-family construction rose by nearly 4.1% compared to one…

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The biggest U.S. homebuilder misses on earnings as it says buyers are staying on the sidelines

According to MarketWatch, D.R. Horton, the leading U.S. homebuilder, reported fiscal fourth-quarter earnings that fell short of expectations, citing high…

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Homes

US monthly house prices rise further in August

U.S. single-family home prices saw a steady increase in August, climbing 0.3% month-over-month and 4.2% year-over-year, according to the Federal…

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R.P. Lumber to acquire Guyot Lumber

R.P. Lumber is set to acquire Guyot Lumber, a longstanding, family-owned hardware and building materials supplier in Perryville, Missouri, marking…

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Housing’s Share of GDP Falls in the Third Quarter of 2024

In the third quarter of 2024, housing’s contribution to the U.S. GDP decreased slightly to 16.2%, with residential fixed investment…

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The U.S. Economy Posted Another Solid Growth in Third Quarter

The U.S. economy posted solid growth in the third quarter of 202, with real GDP expanding at an annual rate…

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Lowest Homeownership Rate for Younger Households Since 2020

According to the NAHB, homeownership among younger households has reached its lowest level since early 2020. Only about 37% of…

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