A Portland, Ore.-based nonprofit group recently showcased 13 extremely energy-efficient homes in four Northwest states. The homes were designed to use 30 percent less energy than a traditional house.
The unemployment rate in the construction sector in May was the lowest it has been in five years, which could signal a coming worker shortage, according to the Associated General Contractors of America.
The Diamond is the highest honor a custom builder can achieve for the quality of its home-buyer experience. Avid Ratings honored Estes Builders for providing the best customer experience of all custom-home builders in the United States.
The federal Office of Management and Budget recently announced new delineations for the nation’s Metropolitan Statistical Areas, which are used to track building permit activity and housing data.
Sales of newly built, single-family homes rose for a third consecutive month in May, posting a 2.1 percent gain to a seasonally adjusted annual rate of 476,000 units.
Nationwide housing starts rose 6.8 percent to a seasonally adjusted annual rate of 914,000 units in May due primarily to increased production on the multifamily side, according to data from HUD and the U.S. Census Bureau.
The eight-point jump was the first time the index has been above 50 since April 2006 and represented the biggest one-month gain since August and September of 2002, when the HMI recorded a similar increase of eight points.