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Federal Officials Award $85 Million in First PRO Housing Grants

posted 29 days ago
The funds aim to address barriers to affordable housing Nearly $85 million in grant funding has been awarded to clear the way for more affordable housing to be built across the nation. The first 21 awards under the federal Pathways ...

Federal Reserve Holds Rates Steady, Projects One Rate Cut in 2024

posted 06-12-2024
The Fed is now projecting just one rate cut in 2024 after indicating three cuts would be likely as recently as March The Federal Reserve Open Market Committee (FOMC) once again elected to hold rates steady. As a result, the Fed’s benchmark ...

ALI WOLF: MILLENNIALS JUGGLE INCOME GAINS AND SAVINGS CHALLENGES

posted 05-02-2024
The Zonda chief economist examines the latest millennial dynamics and what that means for housing. Zonda recently completed its seventh annual millennial survey. The results provide detailed insight into the minds of the largest living ...

Is 3D Printing Finally Having it's Moment?

posted 03-20-2024
Columnist Tim Costello compares recent advancements to the printing presses of old I attended the Domus Ex Machina session at SXSW earlier this month, presented by ICON. CEO Jason Ballard hosted the event with his passionate, high energy, ...

US new home construction surged last month, as mortgage rates stayed high

posted 03-19-2024
Amid a housing shortage and an affordability crisis, US homebuilding heated up in February as builders anticipate demand for new homes to stay strong. One sure way to improve affordability is to increase the availability of apartments to rent and homes ...

Gen Z and Millennials Are OK With Higher Interest Rates

posted 03-13-2024
In a new report from ServiceLink, the two younger generations are eager to buy a home in 2024 and are undeterred by higher interest rates Younger generations are ready to make a move in their home buying journey this year, according to the ...

Enhancing safety in the construction industry with Artificial Intelligence

posted 03-06-2024
AI can identify hazards by analysing data and identifying patterns. Some algorithms can even predict machinery malfunction before it occurs. As technology continues to advance rapidly, industries across the board are recognising the benefits ...

She Built Foundation Announces Official Launch and Participation at International Builders' Show

posted 02-22-2024
The newly established non-profit organization, She Built Foundation, encourages and inspires girls to take up building and construction careers The She Built Foundation, a newly established nonprofit organization, is thrilled to announce its ...

Spring selling season 2024: key trends and strategies for home builders and buyers

posted 02-14-2024
Zonda chief economist Ali Wolf’s top 3 things to watch as the weather warms and buyers emerge from hibernation. With the Super Bowl behind us, it’s time get ready for the spring selling season. Traditionally, the months following the big game ...

The Jones Company To Be Acquired By National Homebuilder Castlerock Communities

posted 02-06-2024
Texas Builder Acquires Middle Tennessee-Based Counterpart in Latest Transaction The Jones Company, a Nashville-based homebuilder, has been acquired by CastleRock Communities, a Daiwa House US homebuilder based in Houston, Texas. Ranked ...

Borrowed money led to a boom in pre-construction sales. It could become a problem

posted 01-31-2024
Low pandemic-era interest rates sparked a real estate boom across Canada, including in the pre-construction market, but with an increasing number of homebuyers having trouble closing, one expert explains how a "double whammy" of factors(opens in a new ...

Canada's housing market outlook: A tale of two halves in 2024

posted 01-29-2024
Interest rates will continue to dictate the outcome of Canada’s housing market in 2024 with the first and second halves showing different pictures. We expect slow activity and softer prices to persist in the early part of the year as the Bank of Canada ...

Homebuilders start the year on a positive note

posted 01-17-2024
Builders ride falling mortgage rates to an increase in builder sentiment For the second consecutive month, homebuilders have become more optimistic. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) ...

Where are The Most Accessible Markets for Gen Z Buyers?

posted 01-16-2024
The demographic group, representing 21% of the U.S. population, is set to become an important part of the housing market equation in the coming years Gen Z individuals are set to become a more important part of the housing market equation. ...

Top 5 homebuilding industry trends to watch for in 2024

posted 01-16-2024
Here are the top five homebuilding industry trends to watch for in 2024: Growth in New Construction While interest rates have had a big impact on the demand for new construction, we expect to see growth in our industry in the coming ...

The 10 Top-Selling U.S. Master-Planned Communities of 2023

posted 01-10-2024
Zonda's Advisory team shares which master plans had the most sales last year and their biggest drivers With 2023 in the rear view, the Zonda Advisory team, including chief advisory officer Tim Sullivan and principal Mollie Carmichael, ...

New-Home Mortgage Applications Increase Nearly 22% in November

posted 12-20-2023
The increasing share of FHA loans is a signal that first-time buyers are able to access the housing market, according to the Mortgage Bankers Association. Mortgage applications for new-home purchases increased 21.8% compared with a year ...

A comprehensive retrospective of CMHC housing reports

posted 12-20-2023
What we learned in 2023 In 2023, housing costs became increasingly difficult for many Canadians. This was a common problem that CMHC recognized and wanted to understand better. We investigated the challenges within the ever-changing housing ...

Will 2024 be a year of recovery and growth for US housing market?

posted 12-14-2023
NAR unveils hotspots for housing demand The US housing market is poised for growth in 2024 as mortgage rates decline and income increases, according to the National Association of Realtors (NAR). NAR chief economist Lawrence Yun projected ...

Get ready for the 'great adjustment' in Canada's housing market

posted 12-14-2023
Realtors see home prices regaining pandemic peaks once Canadians accept the 'new normal' in borrowing rates Home prices should climb back to pandemic peaks by this time next year, says a new report that surveyed real estate brokers across ...