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Building Industry News

This page lists headlines from the building industry new sources.

The news feeds are updated regularly and are linked to each organization's website. To read an entire story, simply click on the link and a new window will open; after reading, simply close the window and you'll return to this page to continue scanning headlines.






If you rent in Phoenix, Orlando, or Houston, you’ve certainly heard of LGI Homes. The Texas-based builder has probably dropped you a note: LGI sends fliers to apartment complexes within 25 miles of new housing developments.

Aggressive marketing is just part of the plan. The Wall Street Journal reports that LGI is banking on market inefficiency. The company buys land in the suburbs to build starter homes with affordable sales packages. An average LGI home costs $197,450, and can be bought without a down payment.

The price of housing has gotten so high in Silicon Valley, that some have taken up residence in RVs. An estimated 126 vehicles house people on the streets of Mountain View, Calif., where they must move every 72 hours, according to a city ordinance. Ad hoc RV parks on city streets are irking neighbors, who may pay over $2,000 a month for rent.

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Many of the woes of the housing industry stem from a lack of inventory. Cities are making efforts to build, but which ones will actually deliver?

Zillow examined the past efforts and current plans of 38 major U.S. cities and found which ones came through on past promises, and which ones came up short.

Today’s homes with complex roof shapes may be vulnerable to high-speed winds. Researchers in Australia say that current building standards can underestimate suction pressures on roof edges of houses with complex roof shapes. Resulting strain on roof edges and structural joints can lead to further wind and water damage, they say. Another problem: architects and contractors seem to only consider a worst-case wind event from a single wind direction, while modern roof shapes are vulnerable to a variety of wind directions.

Though living in a major city is popular with the young adults of today, many people in the industry have maintained that Millennials will flock to the suburbs, eventually.

A new report from Zillow backs up that sentiment. The Zillow Group Consumer Housing Trends Report found that half of all homebuyers are under 36 years of age, and that 47 percent of Millennial homeowners live in the suburbs. Cities are expensive, and Millennials are taking advantage of large, affordable, starter homes in smaller communities.

Yahoo! Finance Headlines
[Business Wire] - Fitch Ratings has affirmed the ratings of M.D.C. Holdings, Inc. , including the company's Long-Term Issuer Default Rating at 'BBB-'. A complete list of rating actions follows at the end of this release.
[PR Newswire] - SILVER SPRING, Md., Oct. 20, 2016 /PRNewswire/ -- Winchester Homes will host a Grand Opening celebration on Saturday, October 22, at its new Glenmont MetroCentre community, steps from the Red Line in Silver Spring. The location, just steps from Glenmont Metro Station, creates an urban lifestyle unmatched at this price point. The Grand Opening will run from 11am to 4pm and will feature giveaways, refreshments and tours of the new Oakley model.
[Reuters] - PulteGroup Inc, the No.3 U.S. homebuilder, cut its gross margin forecast for the current quarter due to rising land and labor costs, sending its shares down as much as 6 percent on Thursday. Pulte's weak margin forecast comes after bigger rival Lennar Corp cut its fourth-quarter gross margin estimate last month. The company bought some assets of John Wieland Homes and Neighborhoods in December to cater to such buyers.
[Business Wire] - KB Home today announced the grand opening of Sonoran Ranch II, a new community of single-family homes situated on West Valencia Road in Southwest Tucson. Homeowners at Sonoran Ranch II can enjoy the community’s serene desert setting as well as convenient commutes to downtown Tucson.
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