Construction
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
Homebuilder boom pays off as affordable resale inventory lags demand
More groundbreaking is needed to bridge the gap between supply and demand
Builders looking forward to a busier 2025
Ken Wingert will handle the association's federal affairs and legal advocacy
Roughly 40% of new builds are going to first-time homebuyers, but larger firms have more success reaching this group of buyers.
With single-family starts and permits rising in August, Fed rate cuts ease construction costs for builders, though competition from resale inventory also stands to increase