Single-family home building and manufacturing plant construction are bright spots in an uninspiring general picture.
Experts weigh in.
The number of completed homes rose last month. But further up the housing pipeline, homebuilders are starting fewer projects right now.
One couple shares their experience with an alternative construction project.
High interest rates are hitting the construction industry, but homebuilder confidence keeps growing, given the steady demand for new construction.
Builders find there’s high demand for new developments, but they’re also finding it harder to convince banks to loan them money.
High mortgage rates are causing homebuilders to pull back. A measure of sentiment has dropped to its lowest level since 2012.
People “desperately want to purchase,” but are stepping out of the difficult market, says Ali Wolf, chief economist at Zonda.
Some home builders are starting to figure out ways to adapt to shortages by stocking up and using alternative brands.
Some companies have decided it’s better to hold back right now.
