new construction

Denver is going to find out. Last year, Denver’s City Council voted to eliminate minimum parking requirements for all new construction.

New computer modeling technology helped make the case.

There’s not much out there for people at the low end of the income spectrum, and those households are more likely to pay at least half their income on rent and utilities.

The Texas suburbs have been a major driver of home building, but new housing construction in the state has slowed and single-family housing permits are down 8%.

Construction of buildings with five units or more was up nearly 29% in April from last year. 

A Realtor.com report finds that both the price and square footage of newly built homes are decreasing in about a quarter of the 100 largest metropolitan areas.

The home construction market has already been dealing with shortages of skilled labor and building materials, along with expensive construction loans. Those factors will add to the costs of rebuilding communities destroyed by fires.

Meanwhile, commercial and government construction spending actually fell.

A shortage of skilled labor, high labor costs, and uncertainty about the effect of tariffs on lumber prices weigh on some homebuilders.

The pandemic exodus from coastal areas to cities like Austin and Atlanta has cooled off, and rental supply is outstripping demand.