Startup homebuilder Welcome Homes hires Compass executive

With the hire of Benjie Burford, Welcome Homes is poised to grow its personnel by 500 percent and expand into multiple markets by next year. Online homebuilding platform and startup company Welcome Homes has hired former Compass executive Benjie Burford as vice president of sales, the company announced Thursday. Welcome Homes creates custom homes with … Read more

Residential construction rose in May, despite material challenges

The rising cost of lumber has continued to impede builders over the past several months, but despite those rising costs, new housing starts rose in May, according to data released Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts were up 4.2 percent from April to a … Read more

After stellar March, new-home sales reverse course, dip 6% in April

New-home sales dipped 5.9 percent in April 2021 to a seasonally adjusted annual rate of 863,000, according to data released Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development. The decline follows a record month for new-home sales, when they hit a 15-year high of more than 1 million in March, … Read more

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