New Construction

Single-family starts, builder confidence rise 

The increase in builder confidence breaks a string of 12 straight monthly declines in the NAHB/Wells Fargo Housing Market Index. 

Tribune East Tower to become Chicago’s 2nd-tallest building

The Willis Tower remains the tallest in Chicago. Now, a future structure is set to snag the No. 2 spot: the Tribune East Tower.

America’s Most Trusted® study: Which homebuilders topped the list for 2023?

For more than 10 years, Lifestory Research has released its highly anticipated study: America’s Most Trusted®. And the 2023 results are in.

Newmark launches single-family rental group  

The move comes despite a slowdown in the single-family rental market. 

National Association of Home Builders Chief Economist Robert Dietz on the state of new construction

A wave of homebuilding is expected to start up in 2024 and run through the end of the decade, according to the NAHB.

New-home construction slides in November as builders pull back 

New-home permits fell 11.2% month over month, while housing completions jumped 10.8% in what one observer said could have “worrisome” long-term consequences for the nation’s housing supply. 

On the banks of the Chicago River, big things are coming

Local experts gathered to discuss new developments along the Chicago River in a “River Talk” forum at DePaul University.

MBA: New-home mortgage applications fall in October 

The pace of new single-family home sales, meanwhile, fell 6.1% from September to 598,000. 

Housing starts slow in October but remain elevated 

The number of homes under construction rose during the month, as homebuilders continued to work through a large backlog of homes. 

New-home sales resume downward trajectory in September 

Mortgage rates continued to weigh on homebuyers in September, following a brief uptick in new-home sales in August.  

Housing starts miss expectations in September 

New home construction missed analyst estimates in September, falling 8.1% month over month to an annual rate 1,439,000 homes, according to government statistics. 

New-home sales post unexpected rebound in August 

Sales of new homes in the U.S. jumped 28.8% between July and August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

Housing starts surprise to the upside in August 

New-home construction posted a 12.2% month-over-month increase in August, thanks in large part to a significant jump in multifamily building.  

New-home sales plunge 12.6% in July 

The median price of a new home sold during the month was up 5.9%, however, according to figures from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

New mixed-income community of lofts coming to South Side

A new mixed-income, mixed-use community is coming to Chicago’s Woodlawn neighborhood: Park Station Lofts. Ground is expected to break soon.

Single-family housing starts fall for fourth month in a row in June 

The pace of new multifamily construction, however, jumped, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

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