The residential construction sector is gearing up for another challenging year in 2023, but with healthy backlogs of new projects, home builders are optimistic

Lumber prices have plummeted to their lowest level since June 2020 as builder confidence falls for the 11th consecutive month

Over the past several months, builders have been increasingly lowering their prices and offering generous incentives to motivate deterred buyers, but today's concessions are nothing like those seen during the Great Recession

Pro Builder's 2023 Readers’ Forecast Survey finds that, despite continuing shifts in housing market dynamics, home builders are generally optimistic about the year ahead

Credit on loans for Acquisition, Development & Construction (AD&C) was less available and more expensive in the third quarter of the year

Soaring mortgage rates are causing a major slowdown in home sales, and as a result, builder confidence is at its lowest level in 10 years

Surging mortgage rates and record high home prices are pushing prospective buyers to the sidelines, and a slowdown in demand is forcing builders to make concessions

The unemployment rate posted a small gain in October, but the residential construction sector continued to add new jobs

Onx is building a new factory in Georgetown, Texas, where it hopes to accelerate its building process to boost local housing supply