Existing-home sales experienced a slight dip in August, marking the seventh consecutive month of declines, according to the National Association of Realtors.
Single-family production is running at a weakened pace due elevated mortgage rates and high construction costs that have led to a major slowing of the housing market and exacerbated housing affordability.
The official launch of Planitop® 3D construction ink/mortar and the strategic partnership between MAPEI Corporation and Black Buffalo 3D was announced at the future site of the first 3D-printed homes in Virginia by Alquist 3D.
Rapidly rising interest rates combined with ongoing home price increases and higher construction costs continue to take a toll on builder confidence and housing affordability.
Construction employment dipped by 5,000 jobs between December and January even though hourly pay rose at a record pace in the past year, according to an analysis of government data by the Associated General Contractors of America.
NAHB and NKBA are helping to kick off the second year of the “This Old House Generation Next” campaign to encourage young people to join the skilled trades.
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