
Articles
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1 week ago |
bdmag.com | Karla Valdez
Despite a drop in mortgage rates to their lowest level since April, mortgage applications for home purchases fell 3% last week as weak consumer sentiment and economic uncertainty kept buyers on the sidelines. Refinance applications also dipped 2% for the week but remain 25% higher than a year ago, reflecting some responsiveness to rate changes. Ongoing volatility from geopolitical tensions and tariff policy continues to weigh heavily on housing market activity. Read More
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1 week ago |
bdmag.com | Karla Valdez
The FORGE Girls Construction Camp is working to close the gender gap in construction by giving girls ages 11 to 15 hands-on experience with tools, site tours and mentorship from industry professionals. Now in its second year and doubled in size, the camp empowers girls with practical skills and exposure to career paths often overlooked by women, who make up only 11.5% of the construction workforce.
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1 week ago |
bdmag.com | Karla Valdez
A new report by the Home Builders Institute and NAHB, conducted by the University of Denver, reveals that the U.S. skilled labor shortage is costing the residential construction sector an estimated $10.8 billion annually, with delays in building cycles adding about $2.7 billion more each year. The shortage led to nearly 19,000 fewer single-family homes built in 2024, limiting housing supply and pushing affordability issues higher. Read More
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1 week ago |
bdmag.com | Karla Valdez
The Senate Finance Committee has released its version of the One Big Beautiful Bill Act, aligning closely with the House-passed legislation but including several adjustments that will require another House vote if passed.
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1 week ago |
bdmag.com | Karla Valdez
Housing starts fell 9.8% in May 2025, driven by a sharp 29.7% drop in multifamily construction, while single-family starts stayed mostly flat with a slight 0.4% increase. Builders continue to face challenges from high interest rates, affordability issues and economic uncertainty, leading many to reduce prices to attract buyers.
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