Last spring, Vince Phelps, a homebuilder in Lynchburg, Virginia, wanted to build a single-family home “on spec” – industry parlance for a dwelling built without […]
Author: zacharywasser
It’s payback time: housing starts to rebound in March
After snowstorms largely halted U.S. residential construction earlier this year, warmer weather will most likely cause a significant uptick in U.S. housing starts in March. […]
Stagnant wages and job insecurity for Millennials drags homeownership rate to 19-year low
Stevie-Lynn Pickel and her fiancé, Adonis Smith, put money into a joint savings account whenever they can. The couple has a two-year plan: save up […]
The rich get richer, new houses
U.S. housing starts plunged in February as record-low temperatures across the country forced builders to postpone groundbreakings. The weather combined with tight lending standards for […]
Housing starts down again in January
U.S. homebuilders started construction on fewer projects in January than in December, continuing a six-year, saw-tooth pattern of ups and downs in housing starts. January […]