What's Hot

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 2025

    New 108-Room Hotel, Conference Center Planned in S. Phoenix

    July 1, 2025

    State Government Shutdown Averted as Hobbs Signs Budget

    July 1, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [July 1, 2025] - Retail Center & Senior Residential Development Planned in Casa Grande
    • [July 1, 2025] - New 108-Room Hotel, Conference Center Planned in S. Phoenix
    • [July 1, 2025] - State Government Shutdown Averted as Hobbs Signs Budget
    • [July 1, 2025] - Industry Professionals 07-01-25
    • [July 1, 2025] - Commercial Real Estate 07-01-25
    • [June 27, 2025] - Arterial Life Cycle Program Covers 20 Years of Street Development
    • [June 27, 2025] - Phoenix-to-Tucson Rail Study Advances
    • [June 27, 2025] - Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. Planning & Development
      3. Local News
      4. Classifieds
      5. Editorial Analysis
      6. Budgets & Funding
      7. Commercial Real Estate
      8. People on the Move
      9. Arizona Projects
      10. Legislation & Regulations
      11. Trends

      Retail Center & Senior Residential Development Planned in Casa Grande

      July 1, 2025

      New 108-Room Hotel, Conference Center Planned in S. Phoenix

      July 1, 2025

      Phoenix-to-Tucson Rail Study Advances

      June 27, 2025

      Kimpton Hotel Palomar Phoenix to See $5.5M in Renovations

      June 27, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      $56M+ MAG Program will Enable $90M in Arterial Street Widening Projects

      June 24, 2025

      Ariz. Construction Shed 1,700 Jobs in May

      June 24, 2025

      MAG Committee Info Details Upcoming Pavement Plans

      June 20, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      KOREPlex Buckeye Site Quietly Listed For Sale

      January 31, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Arterial Life Cycle Program Covers 20 Years of Street Development

      June 27, 2025

      $56M+ MAG Program will Enable $90M in Arterial Street Widening Projects

      June 24, 2025

      MAG Committee Info Details Upcoming Pavement Plans

      June 20, 2025

      Commercial Real Estate 07-01-25

      July 1, 2025

      Commercial Real Estate 06-24-25

      June 24, 2025

      Commercial Real Estate 06-17-25

      June 17, 2025

      Commercial Real Estate 06-10-25

      June 10, 2025

      Industry Professionals 07-01-25

      July 1, 2025

      Industry Professionals 06-24-25

      June 24, 2025

      Industry Professionals 06-17-25

      June 17, 2025

      Industry Professionals 06-10-25

      June 10, 2025

      Arizona Projects 06-27-25

      June 27, 2025

      Arizona Projects 06-20-25

      June 20, 2025

      Arizona Projects 06-13-25

      June 13, 2025

      Arizona Projects 06-06-25

      June 6, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Hobbs, Legislators Reach Water Use Compromise

      June 24, 2025

      Phoenix Delays Data Center Rezone Vote

      June 20, 2025

      More Cities Considering Data Center Restrictions

      June 18, 2025

      Ariz. Construction Shed 1,700 Jobs in May

      June 24, 2025

      NABH Council Partnership Wants to Expand Workforce Pipeline

      June 17, 2025

      Project Abandonments Hit a Record in May

      June 13, 2025

      U.S. Construction Added 4,000 Jobs in May

      June 10, 2025

      Retail Center & Senior Residential Development Planned in Casa Grande

      July 1, 2025

      New 108-Room Hotel, Conference Center Planned in S. Phoenix

      July 1, 2025

      State Government Shutdown Averted as Hobbs Signs Budget

      July 1, 2025

      Industry Professionals 07-01-25

      July 1, 2025
    • AZBEX
      • Subscribe
      • Classifieds
      • Advertising
    • DATABEX
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Mid-Year Update
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    AZBEX
    Home » Trends » Residential Construction To ‘Increase Substantially’
    Trends

    Residential Construction To ‘Increase Substantially’

    BEX StaffBy BEX StaffJanuary 7, 2020No Comments2 Mins Read
    Credit: Forbes
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Aly J. Yale for Forbes
    The new year is shaping up to be a good one for homebuyers—at least those interested in buying new homes. Not only are homebuilders more confident in the market than have been in 20-plus years, but recent construction numbers are surpassing expectations.
    In fact, according to the U.S. Census Bureau, residential building permits hit a 12-year high last month, surging 11.1 percent over the year. Housing starts were also up, jumping 13.6 percent over last November, while housing completions rose 7.3 percent. It’s the sixth consecutive month housing starts have grown.
    The developments, along with strong economic growth, spurred Fannie Mae to revise its housing forecast for 2020. The company now predicts housing starts to jump 10 percent across 2020, with 1 million new homes hitting the market by 2021.
    In total, Fannie Mae predicts new home sales to grow 5 percent in 2020, with much of the growth on the tail-end of the year, and 5.5 percent in 2021. Existing home sales will also increase, its experts say, but at a slower pace (1.5 percent in 2020 and 0.2 percent in 2021).
    According to the latest Housing Market Index from the National Association of Home Builders, the country’s leading builders are feeling equally as optimistic. The index, which measures builder sentiment around single-family home sales, sales expectations and buyer traffic for the next six months, saw increases across the board, notching its highest reading since mid-1999.
    Read more at Forbes.

    Fannie Mae Housing Market Index National Association of Home Builders U.S. Census Bureau
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Ariz. Construction Shed 1,700 Jobs in May

    June 24, 2025

    NABH Council Partnership Wants to Expand Workforce Pipeline

    June 17, 2025

    Project Abandonments Hit a Record in May

    June 13, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 2025

    New 108-Room Hotel, Conference Center Planned in S. Phoenix

    July 1, 2025

    State Government Shutdown Averted as Hobbs Signs Budget

    July 1, 2025

    Industry Professionals 07-01-25

    July 1, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 20250

    By Roland Murphy for AZBEX Mary-T Inc. is planning a mixed-use development combining 77 age-restricted…

    New 108-Room Hotel, Conference Center Planned in S. Phoenix

    July 1, 2025

    State Government Shutdown Averted as Hobbs Signs Budget

    July 1, 2025

    Industry Professionals 07-01-25

    July 1, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    Retail Center & Senior Residential Development Planned in Casa Grande

    July 1, 2025

    New 108-Room Hotel, Conference Center Planned in S. Phoenix

    July 1, 2025

    State Government Shutdown Averted as Hobbs Signs Budget

    July 1, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.