By CHUCK GREEN Home sweet… multifamily home construction? If, well, the spare bedroom fits. And that it seems to do in light of a new report from Construction Coverage showing a spike in construction of multifamily homes in the U.S. With a jump in multifamily housing projects, home building in the U.S. catapulted to a nine-month high…
U.S. home prices have broken another record: 8% of homes (6 million) are now worth $1 million or more, according to a new report from Redfin. That is nearly double the share from before the pandemic when the share was only 4.8% (3.5 million). The Bay Area has the biggest share of million-dollar homes, with…
More than a third of US single-family homes for sale in December were newly built, the highest share on record, according to a new Redfin report. New construction accounted for 34.1% of single-family homes at the end of 2021, up from 25.4% year-over-year (YOY). These numbers are the result of builders trying to keep up…
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