Construction innovations are moving at a rapid pace and the industry now has a huge number of resources to advance construction technology. This is an exciting time for the industry. Here are 10 innovations that will shape the future of the industry. Read more from Autodesk > ..read more

About 10.2 million households recently bought and moved into a new home. Using a 2021 American Housing Survey (AHS), the National Association of Home Builders investigated the characteristics of recent home buyers — including those who bought a brand-new home (new home buyers) and those who purchased a home for the first time (first-time home buyers). This study determined the income, age, financing, and type of home purchased to determine exactly what characteristics today’s homebuyers have in common. Read more from NAHB.org > ..read more

Mortgage rates have fallen to their lowest level since May 2023, according to Freddie Mac. The 30-year fixed-rate mortgage averaged 6.60% as of January 18 compared to the week before when it averaged 6.66%. Mortgage rates remain more than a full percentage point lower compared to last year’s highest rates of 7.79%. This is good news for homebuyers who have been struggling in one of the toughest buying markets in decades. Read more from CNN.com > ..read more

Some property developers are looking to the promise of AI to aid the housing-starved market of the Bay Area. The primary goal is to cut down on design and building time while also saving money in the process. However, the Bay Area is known for slow-moving financing and permitting processes so all that computer brain power could still be wrapped up in red tape while representing only an incremental improvement. Read more from govtech.com > ..read more

Homebuilding has surged in the U.S. to more than a 1-1/2-year high for single-family homes according to a report from the Commerce Department. Permits for single-family homes have also increased 0.7% in November, the highest level since May 2022. These numbers could continue to increase due to declining mortgage rates and incentives from builders to drive potential buyers back into the housing market. Read more from reuters.com > ..read more

The countdown is on for IBS 2024, register now! Don’t miss this year’s largest gathering for residential building professionals in North America, NAHB International Builders’ Show® in Las Vegas. Read all about the speakers, exhibitors, lodging and more here > https://www.buildersshow.com ..read more

Construction is simply the largest industry in the world, but it’s also one of the slowest-growing industries. New technologies are looking to speed up the pace of change from incredible trends like 3-D printing, drone technology, living building materials and modular construction. Read more from Exploding Topics about more construction trends to watch ..read more

As a proud member of the BIA of the Greater Valley, UC Construction encourages you to be a part of this great organization. Best of all, when you join, you automatically become a member of the California Building Industry Association (CBIA) and the National Association of Home Builders (NAHB), a 3-in-1 membership, which provides many valuable benefits and services, including: 1. Advertising/Marketing 2. Advocacy 3. Business Savings 4. Education 5. Expert Knowledge 6. Industry News 7. Legal Action 8. Regulatory Assistance 9. Special Interest Groups 10. Member-Only Website For more details, go t ..read more

Check out this year’s Best of IBS™ winners! This is the National Association of Home Builders‘ annual award show that has nine categories plus an overall Best in Show winner. With more than 400 entries this year, the judges had a tough job. Congrats to all the winners! NAHB Announces Best of IBS Product Winners at 2022 International Builders’ Show ..read more

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