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Home prices have risen twice as fast as inflation for 60 years — but that trend may be reversing. by Emily Mack  March 14, 2024 U.S. home prices are 24 times higher than they were in 1963 — while overall inflation is just 10 times higher. This means home prices have outpaced inflation by more than twice over. And that trend has …

Texas counties lead the U.S. in population growth, Census says Six out of the 10 fastest-growing counties in the U.S. from 2022 to 2023 are in Texas, according to recent estimates from the U.S. Census Bureau. Kaufman County, just east of Dallas, led the list with a 7.6% increase that brought its population over 185,000, Census data shows. Rockwall and Liberty …

Materials Remain Top Challenge for Builders, but New Issues Are Becoming Increasingly Problematic   The price and availability of building materials again topped the list of problems builders faced last year, but interest rates, general inflation and negative media moved considerably up the list. According to responses on the January 2023 survey for the NAHB/Wells Fargo Housing Market Index (HMI), building material prices …

Few workers. Slow supplies. Why you’ll be waiting a while for that new house to be built, Lack of supplies, workers are key factors to a shortage of new homes being built in the U.S. A new housing shortfall ranges from 1.3 to 2 million, experts say. About 27% of new home inventory has not started construction, according to federal …

The 2022 March/April “Texas Builder Magazine” by the Texas Association of Builders was just recently released. This month’s issue covers: the Texas’ Housing Economy, New & Updated 2022 Design Trends as well as features the 2021 Custom Homebuilder of the Year, from Houston Zander Homes™.   You can view the PDF or the Digital version below: PDF: https://www.texasbuilders.org/…/TAB_MarApr22_FINAL.pdf Digital: https://emflipbooks.com/flip…/TAB/TexasBuilder_MarApr2022/ …

According to the latest Annual Builder Practices Survey (ABPS), one in four new single-family detached homes were built in established neighborhoods in 2020. Homes built on infill lots constituted 18.6% of new homes, while homes built after tearing down an existing building constituted 6.4% of new homes.  (As a Houstonian we have seen this for years in Houston & are now …

The Texas Association of Builders (TAB) announced the 2021 Star Award Winners in conjunction with the 20th annual Sunbelt Builder Show held at the Hilton Anatole in Dallas, Texas on July 15, 2021. In 1992, the TAB launched the Star Awards, as “The Only Statewide Tribute to Excellence” in the Homebuilding Industry.  The highly coveted Star Awards are presented annually …

The Covid-19 pandemic and the resulting labor shortage have left small-business owners scrambling for workers — but a new study suggests the pain may only be beginning. The new report, by economic data and analytics firm Emsi Burning Glass, highlights how the mass exodus of baby boomers from the workforce, record low participation rates among the working-age population and the lowest birth rates …

Framing lumber prices garnered more attention than any other building material over the past year as prices quadrupled between April 2020 and May 2021. But even as lumber prices decline, the spotlight on lumber continues to crowd out the story of meteoric price increases of another wood product integral to the integrity of a building’s structure — oriented strand board …

Lumber prices have skyrocketed more than 180% since last spring, and this price spike has caused the price of an average new single-family home to increase by $24,386 since April 17, 2020, according to NAHB standard estimates of lumber used to build the average home. Similarly, the market value of the average new multifamily home has increased by $8,998 over …