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Building Industry News

This page lists headlines from the building industry new sources.

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HousingZone

While some celebrate the U.K. voters’ decision to sever ties with the European Union as Britain’s independence day, others are treating it as the beginning of the end of days. It is a highly contentious and divided situation, and while it may not directly involve the United States, the impacts of the decision are certain to travel across the pond with the produced ripple effect being felt in the U.S. economy, more specifically, in the U.S. housing market.

ReGen Villages, completely self-sufficient villages that supplies their own power and food, are being constructed in Europe.

The availability of housing lots has reached new lows, with 64% of builders saying that lot supply in their regions was low or very low, in a National Association of Home Builders/Wells Fargo Housing Market Index survey.

The housing shortage has become common knowledge around the country by now. There are too many buyers, and not enough homes to go around. The result? Skyrocketing prices. Starter homes have been particularly hard hit but, believe it or not, the shrinking supply doesn’t necessarily lead to rising home values.

As Trulia reports, another large aspect of home price fluctuations is the number of people actively bidding on homes. If fewer people are bidding, even with a shrinking inventory, prices may not rise, and could even drop.

Any semblance of average in the state of the nation’s housing is being pulled apart by two extremes: robust construction to met demand for move-up products targeting upscale buyers and the dearth of affordable rental and entry-level housing, particularly for Millennials who are slow to form their own households. However, the housing sector has shown enough momentum to be a growth engine for the U.S. economy, according to The State of the Nation’s Housing report released by the Joint Center of Housing Studies of Harvard University.

      
Yahoo! Finance Headlines
[PR Newswire] - ATLANTA, June 27, 2016 /PRNewswire/ -- PulteGroup, Inc. (NYSE: PHM) today announced that it will release its second quarter 2016 financial results before the market opens on Thursday, July 21, 2016. The ...
[Business Wire] - Insert after JZMK Partners in the second paragraph of the release dated June 24, 2016: Woodley Architectural Group
      
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