Construction

Change reflects builders looking to maximize affordability; buyers wanting more space better off shopping older homes

The nation’s top 10 builders increased their share of new home sales from less than 10% in 1989 to nearly 50% 35 years later

Adding to affordability problem, skilled labor shortage driving up costs, timelines of building new houses

Tariffs, labor shortages, and material costs drive sentiment to a seven-month low

Selling and leasing government land is part of the Trump Administration’s initiative to spur the housing market

Canada and Mexico stave off tariffs on billions of dollars of materials crucial to the U.S. homebuilding industry

Total housing starts fell nearly 4% in 2024, but began picking up pace in December

Construction spending rose in October, with more new homes in lower-density areas

Recent mortgage rate volatility is a reminder that high financing costs still restrain a broader housing recovery