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Forecast: Construction Industry Needs 439,000 Workers in 2025

Forecast: Construction Industry Needs 439,000 Workers in 2025

by Phil Hall | Jan 24, 2025 | Industry Updates, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A new forecast by the Associated Builders and Contractors (ABC) is estimating that an estimated 439,000 net new workers are needed this year to meet anticipated demand for construction services. The forecast also predicted the construction industry will need to bring...
Single-Family Housing Starts Up in December

Single-Family Housing Starts Up in December

by Phil Hall | Jan 17, 2025 | Market Snapshot, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Single-family housing starts were at a rate of 1.05 million in December, according to data from the US Census Bureau and Department of Housing and Urban Development. This is 3.3% above the revised November figure of 1.01 million. Privately-owned housing starts in...
Tech Trends: Can We Print the Housing Inventory We Need Now?

Tech Trends: Can We Print the Housing Inventory We Need Now?

by Rick Grant | Jan 2, 2025 | Market Snapshot, News/Current Events, Real Estate News, Tech Trends, U.S. Housing Market, WRE News Exclusive

Many real estate agents had more housing inventory on their Christmas lists this holiday season. While that seems like a big ask, given the trends in new construction over the past couple of years, it may be a wish that’s not so far from being granted. Digital...
Report: Global Spray Foam Insulation Market to Reach $4.11 Billion by 2034

Report: Global Spray Foam Insulation Market to Reach $4.11 Billion by 2034

by Phil Hall | Dec 30, 2024 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The global spray foam insulation market, which is currently valued at $2.17 billion in 2024, is projected to reach $4.11 billion by 2034 with a compound annual growth rate (CAGR) of 6.6% over the next decade, according to a forecast by Future Markets Insight. Commonly...
KBS Builders Inks $2.1 Million Contract to Build Modules for Vermont Multifamily Apartments

KBS Builders Inks $2.1 Million Contract to Build Modules for Vermont Multifamily Apartments

by Phil Hall | Dec 24, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

KBS Builders Inc., a South Paris, Maine-based modular manufacturer focused on the New England market, has signed a $2.1 million contract for multifamily apartments in Randolph, Vermont. According to the company, KBS will manufacture 16 modules for the construction of...
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