States Investing the Most in New Housing
The United States is experiencing one of the longest periods of economic expansion in its recent history with both employment rates and real median income rising. However, the number of newly constructed residential buildings nationwide is still far below its 2005 peak of 2.2 million units, with only 1.3 million units breaking ground in 2018. Residential building ...
States With the Highest Property Tax Rates
The Great Recession was characterized by stark unemployment, financial ruin, and a stalled housing market. Although the National Bureau of Economic Research declared an official end to the economic downturn in June 2009, the American public would feel the effects for years to come. The Great Recession led many Americans to more closely protect their ...
The Most Expensive Neighborhood in Every State
Choosing the right neighborhood can make all the difference when it comes to quality of life. It’s also one of the most important factors that dictate price. According to the Zillow Home Price Index, the median home price in the U.S. is $226,700. However, real estate prices vary widely depending on location. At a macro ...
The Best Cities for First-Time Home Buyers
In recent years, the U.S. has become a nation of renters, with more households renting now than at any point since 1965. Although homeownership has historically been part of the American Dream, the lack of affordable housing nationwide puts this goal out of reach for many people. A combination of stagnant wages relative to inflation, ...
Steep Prices Strain Borrowers & Depress Homeownership in Expensive States
The New York Fed recently released its Household Debt and Credit report for Q4 2018, indicating the status of aggregate household debt in the U.S. The report shows that by the end of 2018, household debt reached a new peak of $13.54 trillion dollars, a 0.2 percent increase from Q3 2018 and $869 billion higher ...
Cities with the Highest Property Taxes
With President Trump’s Tax Cuts and Jobs Act in effect, living in a high-tax state is now even more expensive than before. Prior to the new law, taxpayers in those states benefited from the ability to deduct the full amount of their state and local tax (SALT) payments on their federal returns. However, starting with the ...
The Best Construction Project Management Software in 2019
Managing the moving pieces of a construction project is no easy task. To effectively manage a construction project, general contractors must monitor costs, keep teams on schedule, and maintain safety processes for the project. Fortunately, software has been created that simplifies all of these processes, and helps project managers handle the changing and complex flow ...
The Best Construction Estimating Software in 2019
Construction estimating is an important step in every construction project. In order to accurately gauge the cost of a construction project, project owners and contractors must create detailed cost estimates, schedules, and construction plans. Luckily, there are many fantastic software solutions designed for these exact purposes. This guide will cover the software products that contractors ...
The Best Construction Takeoff Software of 2019
Construction takeoff is a necessary step toward estimating costs in a construction project. Contractors and project managers use blueprints to calculate the quantity and measure of materials and supplies needed for the project. That information is then used in cost estimates, project proposals, and supply order forms. However, the process of generating the takeoff data ...
Trends in Residential Real Estate Development
This page provides statistics from the U.S. Census Bureau Building Permits Survey. The data collected in this survey is meant to provide the public with data and information on new residential construction projects at local, state, and national levels. New Privately-Owned Housing Units by Size Since bottoming out in 2009, new residential real estate development ...