Remodeling activity in April hit the highest level for the month since BuildFax started tracking the market in 2004
The National Association of Home Builders’ quarterly Multifamily Production Index (MPI) recorded its third consecutive quarterly increase in the first three months of 2011.
The MPI increased to 41.7 in the first quarter of 2011. However, those who feel the market is still getting worse outnumber those who feel conditions are improving.
Builder confidence in the market for newly built, single-family homes declined three points in June, according to NAHB.
Multifamily construction was halved in recent years, and with a surplus of would-be renters, conditions are suddenly ideal for landlords to raise the rent.
D.R. Horton, the nation’s largest homebuilder, has begun constructing houses in Columbus, Ohio.
Federal data indicates that individuals continue to shy away from taking on new debt while they deleverage, or pay off debts and restore net worth to norms.
Nearly three out of four American voters believe that it is reasonable and appropriate for the federal government to provide tax incentives to promote homeownership, a sentiment that cuts across partisan and regional lines across the country, according to a recent poll conducted on behalf of the National Association of Home Builders. Further, an overwhelming majority of respondents oppose eliminating the mortgage interest deduction and would be less likely to support a candidate for Congress who wants to do away with this vital tax incentive.
Just as the U.S. housing market was the main culprit of the economic downturn, it is key to the recovery, writes Money Morning contributing editor Shah Gilani. Gilani presents a compelling plan to fix the housing market.
DeWalt has launched a series of products ranging from woodworking and cordless tools to accessories and batteries for existing products. The company conducted field research to learn what users liked and what could be improved, and used that insight to guide their new designs.
Hovnanian reported second-quarter total revenue of $255.1 million, compared with $318.6 million reported for the same period in the previous year.