It's been a while since I read positive news about the residential sector but an article from Domain caught my eye this morning. There is fresh optimism due to an increased demand for new homes and renovation projects. Simonds Homes reported a $12.1 million profit, marking a significant turnaround from last year. Similarly, Hipages saw an 8% increase in job requests, indicating a surge in renovation interest. With the government’s commitment to building 1.2 million homes over the next 5 years and with prices stabilising and potential interest rate drops maybe the corner has turned in the residential sector? #ConstructionIndustry #RenovationBoom #residentialconstruction
James Davis’ Post
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New construction homes now constitute one in three homes on the market. Our latest blog dives into the significant shift in the U.S. housing landscape, providing crucial insights for buyers and industry professionals. Read more at the link below. . . . #VanguardRealEstateGroup #NewConstructionHomes #Housing #RealEstate #NewHomes #HousingMarket
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The market is buzzing! Last year saw an impressive 668,000 newly constructed homes sold—a 4.2% increase year-over-year. This growth reflects the strong demand for new homes and the continued confidence in the housing market. Now is the perfect time to explore your options in this thriving market! #RealEstateTrends #NewConstruction #HousingMarket
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Data Analytics and ALM - CFCU "It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so." "Do the best you can until you know better. Then, when you know better, do better."
Housing starts, a measure of projects started on new homes and multi-family homes, rose 3% in June vs the May estimate Additionally, Building Permits, a measure of future projects, also increased more than 3% against the May estimate. However... both are down YoY. Upwards trends are nice, but at the end of the there's still a massive housing shortage. #goodluckhavefunyall #housing
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New construction is becoming even more important in today's housing market. Since the supply of homes available for sale is still lower than normal, newly built homes can be a game changer because they give you more options for your search. DM me so you have a local expert to help you explore all the options in our area. #inventory #newconstructionhomes Turning Your Dream Home into Reality, One Key at a Time
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Many may find this shocking, but I don't. When fewer apartments are built, rents go up. Supply and demand is a simple concept that applies to housing production just like everything else in the marketplace. Do you believe if we build more housing, rents will decrease? Apartment Construction Is Slowing, and Investors Are Betting on Higher Rents - WSJ https://buff.ly/3B69YLq #housing #apartments #development
Apartment Construction Is Slowing, and Investors Are Betting on Higher Rents
wsj.com
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New construction is becoming even more important in today's housing market. Since the supply of homes available for sale is still lower than normal, newly built homes can be a game changer because they give you more options for your search. DM me so you have a local expert to help you explore all the options in our area. #inventory #newconstructionhomes #supplyanddemand #newhomes #localexpert #opportunity #housinginventory #homesearch #realestategoals #realestatetipsoftheday #realestatetipsandadvice #justsold https://lnkd.in/gqvveqqV
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New construction is becoming even more important in today's housing market. Since the supply of homes available for sale is still lower than normal, newly built homes can be a game changer because they give you more options for your search. DM me so you have a local expert to help you explore all the options in our area. #inventory #newconstructionhomes #supplyanddemand #newhomes #localexpert #opportunity #housinginventory #homesearch #realestategoals #realestatetipsoftheday #realestatetipsandadvice #justsold https://lnkd.in/ekH5WNzG
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Senior housing occupancy rates rose for the eleventh consecutive quarter, new data analyzed by NIC and released by NIC MAP Vision show. High rates of demand continue to push occupancy gains upward while the tight lending environment keeps the amount of new construction projects low. NIC experts forecast occupancy to surpass pre-pandemic levels sometime in 2024. https://hubs.li/Q02sxK4D0 #SeniorHousing #SeniorLiving #OlderAdults
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Housing Starts Fall in December as Builders Scale Back on Single-family Homes MarketWatch So-called housing starts fell to a 1.46 million annual pace from 1.53 million in November. That’s how many houses would be built over an entire year, if construction took place at the same rate every month as it did in December. Housing starts are down for the first time in four months.
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Could retrofit be the hidden answer to the new homes target? There are millions of empty and older properties in the UK, what's the reality of these being updated to create new homes? Having been extending and renovating residential properties for many years, I can say there is a lot more more work than meets the eye. But, if government worked with the 98% of the construction industry that are SMEs and micro businesses, we could help the 1.5m new homes target become a reality. TrustMark, one of The Build Network UK partners, is working hard in this sector. There are many areas that need to be considered, but do you think this is an area that has been overlooked for too long? #construction #homes #newhomes #retrofit #government #renovation
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