The forecast for new home construction in Pittsburgh is more of the same. Conditions are unlikely to create an incentive for developers and builders to dramatically increase the number of homes built. Mortgage rates have come down, but not enough to increase the supply of homes for sale so that there are more move-up buyers for new homes.

New Single-Family Home Builds Despite the current economic environment, by several accounts, new construction outlooks paint a more positive picture.  More specifically, sources are cautiously...

Affordability and AvailabilityThe American housing market finds itself in a place that was unimaginable a decade ago. Reeling from a crisis that originated in a housing market that saw too many...

The ancient Roman poet Horace once said that “This was my prayer: an adequate portion of land with a garden and a spring of water and a small wood to complete the picture.”  That may be the desire...

That upward trend accelerated again this summer, after the Fed paused its hikes, making home ownership less affordable than it has been since after World War II – including in 1982 when the prime...

A Heurich Home in the Mallard Pond development in Marshall Township.In its most literal sense, all roads led to ancient Rome, then an expanding city and empire, with many modern-day contributions. ...

Easy Living Low Maintenance Housing After decades of lawn care, shoveling snow and all the work involved with taking care of a larger property, it is no wonder that many people are flocking to low...

The Inflation Battle May be Down to Housing and Shelter. For almost two years, prices in the U.S. have been rising faster than normal. As a result, interest rates have gone much higher, much faster...

In January, the National Association of Home Builders (NAHB) announced that single-family home production was off to a sluggish start in 2023. And while that caused some concern in the...

With the pandemic behind us, hopefully, and a concerted push toward new economic development east of Pittsburgh, new housing looks even brighter for Westmoreland and eastern Allegheny Counties.  For...