New Construction

NAHB: Expect more home construction in 2021

The gap between sales and construction reached a record high in 2020, which likely means a slowing down in sales and growth in construction in 2021, according to a year-end report by the National Association of Home Builders.

Chicago is a top city for commercial-to-apartment conversions

See how Chicago tops the list when it comes to apartment conversions.

The New Starter Home

Over the decades, Chicago developers and builders have moved from the traditional two-flat and bungalow-style homes to investing in different options for affordable housing, like infill construction, modular-type homes and flexible buildings. Is it working, and what will the landscape of entry-level housing look like in the near future?

What brokers see on the horizon for entry-level housing

Brokers let us know what’s ahead for entry-level housing in Chicagoland.

A push for gentle density in City Council

Back when legislators were crafting language for an ordinance to make it easier for homeowners to build, rent out and remodel accessory dwelling units on their property, the hope from sponsoring Chicago City Council aldermen was that the legislation would have passed by August.

Affordable homeownership with a unique twist in Chatham

Low inventory of affordable homes is a major problem for today’s local real estate industry. But it’s not the first time Chicago has been short of what it needs in terms of housing.

More first-time buyers jumping in the suburban market

While many first-time buyers are looking for more affordable options, those who can afford a little more square footage are increasingly interested in getting out of the city.

NAHB: Residential construction up in the suburbs nationwide

Small metro suburbs did the best in terms of construction with a more than 10% increase in market share over a year ago.

Another banner month for homebuilding

New housing starts numbers suggest that if you can’t buy it, then build it, according to one economist.

Builder confidence reaches record high in August

The National Association of Home Builders/Wells Fargo Housing Market Index is looking good, but could lumber prices stall the growth?

How COVID-19 shifted the wellness conversation in new construction

Brokers who sell new residential construction have always had to stay up to date on the latest products. But experts say the pressure is only going to become more intense as efforts to combat the novel coronavirus spawn new innovations.

Illinois sees lower rates of manufactured housing than rest of U.S.

While prefabricated homes are six times less expensive than the average site-built home, trends in factory-built housing have always been volatile.

Why Chicago’s South Side embodies the city’s real estate potential

There are a lot of reasons to love the South Side’s real estate market, and Coldwell Banker Realty’s Don Robinson is not shy about saying so.

Person changing compact-fluorescent (CFL) bulbs with new bulb.
Which green products are most important to buyers and homeowners?

While solar panels may be the poster child of green homes, builders and remodelers have some interesting feedback to share about what consumers really want.

New survey estimates post-COVID housing demand to be 2.1 million

A new national consumer study reveals radical changes in how Americans want to live in their homes, post-pandemic.

Are Chicago’s opportunity zones living up to the hype?

New data looks at how prices in these areas have increased — or sometimes decreased — over time.

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