In response to the weakening demand from homebuyers in the current economy, 38% of homebuilders said they cut prices in the month of July. Alongside builders buying down mortgage rates, the average price reduction has steadily dropped since November as higher interest rates and poor affordability dampened the housing market through the first half of 2025. Nevertheless, confidence has momentarily rebounded thanks to the budget bill passed earlier this month, leaving it up to builders to take initiative in creatively maneuvering through a difficult market. Read More
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Homes Charred to Rubble in LA Fires Are Given New Life Through Recycling
In the wake of the devastating January fires in Los Angeles, the Army Corps of Engineers began operations to recycle from fire-damaged homes. Materials like steel, concrete and trees are rescued from the debris and put to work in the recycling process. Reducing the extraction of new raw materials for this project, reusing current available resources and lowering waste going into landfills helps industries rebuild without costly reliance on new materials starting from scratch. According to Insurance Journal, “A lot of this material can be reused in future construction, and…
Read MoreTexas timber industry eyes new opportunities amid steady markets
In the state of Texas, the timber industry continues to expand its economic impact. Continued contributions in homebuilding activity and production alongside new developments of forest management innovate the industry. Coupled with the usage of mass timber in place of concrete or steel, reinvestments and mill expansions surge confidence within Texas’ timber industry while housing markets slow down nationally. Facing such a shift, the state has adapted and continues to be a dominant force in residential construction by tapping into increasingly appealing markets such as energy-efficient homes and multifamily buildings,…
Read MoreConstruction Materials Market Fueled by Booming Residential and Commercial Construction
Investments in both residential and commercial buildings are expected to bolster the market. The global construction materials market is expected to have a compound annual growth rate (CAGR) of 6.7% from 2025 to 2032 to a valuation of USD 2.45 trillion, up from the current estimated USD 1.57 trillion. Residential construction accounts for a global market share of 43.9% of construction materials usage, making it an especially desirable field as green building trends and sustainable practices mold the trajectory of the industry towards a higher market value. Read More
Read MoreWhat Increases Property Value the Most?
Summer renovation projects can significantly boost property value by taking advantage of longer daylight hours and ideal weather conditions for outdoor work. Key upgrades such as kitchen remodels, bathroom renovations, enhanced outdoor living spaces and energy-efficient improvements consistently deliver strong returns on investment. Prioritizing projects with proven ROI during the summer helps homeowners maximize both financial gains and curb appeal when preparing to sell or improve their living space. Read More
Read MoreTariffs Expected to Increase Costs of Building New Homes in the U.S.
New tariffs on imported construction materials are expected to raise the cost of building a typical single-family home by thousands of dollars, according to an NBC News analysis. Materials such as lumber from Canada and appliances from China could contribute to a $4,000 to $10,900 increase, depending on estimates. Industry experts say the uncertainty around material costs is making it more difficult for builders to price homes amid an ongoing housing shortage. According to Robert Dietz, chief economist at the National Association of Home Builders, “About three-quarters of home builders…
Read MoreConstruction Choices That Stand the Test of Time
Future-proof construction ensures low-maintenance, climate-resilient homes by prioritizing durable materials and flexible design to create homes that adapt to evolving needs and environmental demands. Projects feature sustainable materials like hempcrete, modular layouts, energy-efficient systems and long-lasting finishes such as metal roofing and luxury vinyl plank. With integrated smart infrastructure and resilient construction methods, these homes are built to remain functional and stylish while enduring for decades. Read More
Read MoreConstruction Employment: A Tale of Two Cities
The U.S. construction industry has seen uneven growth, with employment rising in half of metro areas but stalling in others due to policy uncertainty and a shortage of skilled labor. While some regions, like Arlington and Boise, gained jobs thanks to strong investment and infrastructure demand, others, such as Riverside and New York, saw declines. Experts attribute the downturn to labor shortages and unclear federal policies, urging greater support for career and technical education to stabilize the workforce and then Emerald. Read More
Read MoreDemand for new construction is quickly weakening
After years of resilience, homebuilders are now grappling with a sharp slowdown in the housing market as high prices, mortgage rates and economic uncertainty dampen buyer demand. New home sales fell 14% in May, and many builders, including Lennar and KB Home, are cutting prices and scaling back development plans amid rising unsold inventory. Despite increased supply from both new and existing homes, sales remain sluggish in most markets. According to Yahoo Finance, “Consumers grew increasingly apprehensive about the economy and rising geopolitical tensions, driving consumer confidence to a 13-year…
Read MoreFive ways to prevent budget overruns in construction projects
Budget overruns in construction often stem from inaccurate estimates due to outdated or overly optimistic assumptions about labor, materials, timelines and external factors like weather. Experts from Procore and Autodesk stress the importance of early risk assessments and thorough preconstruction planning to catch potential issues and build realistic contingency plans. Leveraging project management technology can help contractors identify problems sooner and make informed decisions to stay on track and avoid costly delays. Read More
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