Rob Gray moved his family of four from Massachusetts to Texas, where he bought a new five-bedroom, five-bath, two-fireplace home built by Toll Brothers Inc.
For the first time since the U.S. housing crash, new condominium towers are sprouting in downtown Boston, Seattle and Los Angeles as developers bet on the return of the riskiest type of residential real estate.
The National Association of Home Builders lowered its forecast for U.S. single-family home starts this year and next as higher interest rates slow the pace of growth in the housing market.
While D.J. Hughes hunts for carpenters to join his team at a Phoenix-area house-framing company, competitors are tracking down his workers at building sites and offering them more money.
Construction crews for LGI Homes begin work at 4 a.m., pouring concrete slabs for houses before the heat of a Texas day. They don’t stop until 6 p.m., and usually work six days a week.
"Momentum in the housing sector from a strong 2012 and 2013 was broken in the first half of 2014 by an interest-rate spike in summer 2013 followed by a harsh winter."
- David Crowe on Dec 17, 2014
The Bloomberg Advantage: David Crowe, James Furey
NAHB’s Crowe Says Weather To Blame for Confidence Drop (Audio)
NAHB’s Crowe Says Lack of Lots Depressing Builders (Audio)
NAHB’s Crowe Says Builders See Buyer Reluctance (Audio)
NAHB’s Crowe Says Homebuilders Still Cautious in June (Audio)