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Tag: Homebuilding: Page 2
Business
Construction spending falls 1.8% in April
Monthly declines in both residential and nonresidential construction led to a 1.8-percent decrease in U.S. construction spending during April. Spending is at a seasonally adjusted annual rate of $1.134 trillion and remains up 4.5 percent from the April 2015 rate, according to preliminary data from the Commerce Department. Total residential spending fell 1.5 percent to $445 […]
June 1, 2016
Business
U.S. home starts fall 3.8% in January as builders remain conflicted about market’s prospects
U.S. home starts fell for a second consecutive month in January as builder confidence in the market continued its decline. Construction on new homes fell 3.8 percent in January to a seasonally adjusted annual rate of 1.143 million, according to preliminary data from the Commerce Department. That rate is 1.8 percent above the January 2015 figure. […]
February 17, 2016
Business
Construction spending jumps 10% to 8-year high in 2015
Gains in homebuilding edged out losses in nonresidential spending, propelling total U.S. construction spending to an eight-year high in December. Total spending rose 0.1 percent during the month to $1.1 trillion, according to preliminary data from the Commerce Department. The total represents a 10.5-percent jump 2014 total and the largest amount of activity in the industry since […]
February 2, 2016
Business
U.S. home starts up 10.5% as labor, lot costs continue to worry builders
The start of construction on homes in the U.S. rebounded in November with gains in both single-family and apartment construction. Following a down October, home starts were up 10.5 percent to a seasonally-adjusted annual rate of 1.173 million in November, according to preliminary data from the Commerce Department. The total is 16.5 percent above the November […]
December 16, 2015
Business
U.S. home starts fall 11% in October; builder confidence dips first time in 5 months
With the start of construction on both single-family homes and apartment complexes down in October, total U.S. home starts fell 11 percent during the month. Home starts fell to a seasonally-adjusted annual rate of 1.060 million, according to preliminary data from the Commerce Department. That total is down 1.8 percent over the same time last year. […]
November 18, 2015
Business
Continued homebuilding gains boost construction spending 0.6% in September
Sizable gains in homebuilding again led to an increase in total U.S. construction spending in September. Construction spending increased 0.6 percent to $1.094 trillion during the month, according to preliminary data from the Commerce Department. Total spending is up 14.1 percent year over year. Private homebuilding increased 1.9 percent to $395 billion and is now […]
November 2, 2015
Safety
Worker killed in excavator accident on San Jose jobsite
A construction worker on a residential jobsite near San Jose was killed earlier this month when he was hit by an excavator. According to a report from the San Jose Mercury News, 24-year-old Andres Alvarez Esquivel was working as part of a crew building a home in Almaden Valley when he was hit by the bucket of […]
October 22, 2015
Business
Home starts drop 3% in August; builder confidence still on the rise
U.S. home starts were down in August with decreases in both single-family and apartment homes. The start of construction on new homes fell 3 percent during the month to a seasonally adjusted annual rate of 1.126 million, according to preliminary data from the Commerce Department. The new data also revised the July rate downward, from the […]
September 18, 2015
Business
Home starts jump 9.8% as apartment construction reaches 28-year high
Thanks to a surge in new apartments, May’s decrease in home construction starts was followed up by a sizable increase in June. Construction on new homes jumped 9.8 percent in June to a rate of 1.174 million, according to preliminary data from the Commerce Department. The rate represents a 26.6-percent increase over June 2014 and the […]
July 17, 2015
Business
Home starts tumble 11.1 percent in May following April’s big jump
Large ups and downs in the rate of new home construction have become somewhat of a trend halfway through the year as U.S. home starts fell 11.1 percent following the largest monthly gain in 24 years in April. Home builders began construction on homes at a rate of 1.036 million in May, according to preliminary data […]
June 16, 2015
Business
Home starts back on track with 20% jump in April
Thanks to a big April, the start of construction on new homes in the U.S. has fully recovered and then some from a rough winter punctuated by a 16-percent drop in February. Home starts rose 20.2 percent in April to a seasonally adjusted annual rate of 1.135 million, according to preliminary data from the Commerce Department. Starts are […]
May 19, 2015
Home
Home starts recover a bit with 2% gain in March
Despite a very rough February, home builders appear optimistic the worst 2015 has to offer is over as construction starts on new homes edged up in March. U.S. home starts rose 2 percent in March to a seasonally-adjusted annual rate of 926,000, according to preliminary data from the Commerce Department. Despite the monthly boost, March […]
April 16, 2015
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