New Construction

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.

New condos face deal-stopping hurdle due to COVID-19

Some transactions are having to start over from scratch because of a paperwork problem. But Cook County’s chief deputy recorder tells Chicago Agent magazine he’s working on a solution.

Homebuilder confidence takes a hit, though experts see light at the end of the tunnel

Economists believe home sales can help drive the nation’s economic recovery from COVID-19.

COVID-19 poses serious safety and marketing challenges for construction in Chicagoland

Real estate brokers, developers and builders are seeing rapid change in the new-home market in response to the coronavirus pandemic. Find out what the industry is doing now to get ready for the new normal.

Illinois ranks 2nd lowest in U.S. for new construction

While our state underperformed when it comes to new residential units per capita, there is one building metric where we outpaced the national numbers.

NAHB reports slight decline in builder confidence

The NAHB/Wells Fargo Housing Market Index shows a dip in builder confidence in the Midwest resulting from novel coronavirus outbreak.

New Subscribe

  • This field is for validation purposes and should be left unchanged.