article thumbnail

New-Home Construction Reaches Highest Level Since 2006

Pro Builder

New-Home Construction Reaches Highest Level Since 2006. New-home construction starts and permits reached the highest level since 2006 in December, according to MarketWatch. cbroderick. Thu, 01/21/2021 - 09:33. Builders began construction at a seasonally-adjusted annual rate of 1.67 higher than November. from November.

Permits 105
article thumbnail

October House Prices Surpass 2006 Housing Bubble

Pro Builder

October House Prices Surpass 2006 Housing Bubble. higher than rates in early 2006. . Thu, 12/30/2021 - 10:20. A look back on record prices in 2021 and the possibility for greater affordability in the year ahead. When adjusted for inflation over the 15 year period since the last housing peak, the National index is 10.4%

Housing 52
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New-Home Sales Reach Strongest Rate Since 2006

Pro Builder

New-Home Sales Reach Strongest Rate Since 2006. Despite ongoing building material issues, new single-family home sales flourished in March, reaching the strongest seasonally adjusted annual rate since September 2006, according to the National Association of Home Builders. cbroderick. Mon, 04/26/2021 - 09:08. from February and 66.8%

article thumbnail

How Does Today’s Market Correction Compare With the Great Financial Crisis of 2006?

Pro Builder

How Does Today’s Market Correction Compare With the Great Financial Crisis of 2006? While economists don’t anticipate a correction on par with the Great Financial Crisis of 2006, today’s housing slowdown is moving at a more rapid pace. Thu, 11/03/2022 - 10:01. home prices are falling and investors are holding back.

article thumbnail

Housing Market Begins ‘Most Significant Contraction in Activity Since 2006,’ Mark Zandi Says

Pro Builder

Housing Market Begins ‘Most Significant Contraction in Activity Since 2006,’ Mark Zandi Says. The Great Deceleration is finally effecting change in the housing market, and experts say the beginning stages of what will be a long and drawn-out slowdown could lead to the most significant contraction in market activity since 2006.

Housing 59
article thumbnail

Do Not Drive: Ford 2006 Ranger Pickups

Construction Equipment

Following January's alert to 2,900 owners of model-year 2006 Ford Ranger pickup trucks to stop driving their vehicles immediately, Ford has released a new statement advising an additional 33,428 2006 Ford Rangers have been added to the Do Not Drive list.

article thumbnail

Construction Spending Hits Highest Level Since 2008, Fastest Growth Since 2006

Construction Equipment

Construction spending in August reached a seven-year high and climbed at the fastest rate since 2006, according to an analysis by the Associated General Contractors of America (AGC). AGC officials noted that growing demand for construction was likely to add to the challenges many firms are having finding qualified workers.

AGC 48