Tag: home construction: Page 2

Business

Home starts rise 5% in June; home builders report “scattered softness” in market

U.S. home starts rose nearly 5 percent in June on gains in both single- and multi-family residences. Total starts rose 4.8 percent to a seasonally adjusted annual rate of 1.189 million, according to preliminary data from the Commerce Department. However, total starts are down 2 percent from the June 2015 rate. Single-family home starts were up 4.4 percent […]

July 19, 2016

Business

Home starts down slightly in May but builders have optimistic outlook

Starts on new homes in the U.S. were down 0.3 percent in May from the previous month despite gains in both single- and multi-family homes. Total starts fell to a seasonally adjusted annual rate of 1.164 million in May but remain up 9.5 percent over the May 2015 mark. Single-family home starts rose 0.3 percent […]

June 17, 2016

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

Home starts fall 9% in March as builder confidence holds steady

With sizable drops on the start of construction of both single-family and multifamily homes in March, total U.S. home starts fell 8.8 percent for the month. The seasonally adjusted annual rate of starts fell to 1.089 million, according to preliminary data from the Commerce Department, but remain up 14.2 percent over the March 2016 figure. Single-family […]

April 19, 2016

Business

Home starts rise in February with single-family jump to 8-year high

Construction on single-family homes rose during February to its highest level since November 2007, pushing total U.S. home starts for the month up 5 percent. Starts rose to a seasonally adjusted annual rate of 1.178 million during February representing a 31-percent increase over the February 2015 figure, according to the National Association of Home Builders […]

March 17, 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

December dip in home starts doesn’t derail market’s momentum, but concerns remain

Despite ending the year on an unexpected sour note, the U.S. housing market had its best year since 2007 in 2015. According to preliminary data released from the Commerce Department, U.S. home starts fell 2.5 percent in December to 1.149 million. The dip came as a surprise to industry analysts especially after a strong Novemeber […]

January 21, 2016

Business

Construction spending falls 0.4% in November

Despite continued increases in single-family homebuilding, total construction spending in November dipped 0.4 percent to $1.122 trillion. Spending remains 10.5 percent above the year-ago mark, according to preliminary data from the Commerce Department. Total residential spending rose 0.2 percent to $434 billion in November and is up 11 percent year over year. Private residential rose […]

January 4, 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

Home

Home starts up 6.5% in September while builder confidence reaches boom-level high

Following two months of declines, the U.S. homebuilding market rebounded and then some in September due to a surge in apartment starts. Home starts rose 6.5 percent during the month to a seasonally adjusted average of 1.206 million, according to preliminary data from the Commerce Department. That total is up 17.5 percent over the same […]

October 20, 2015

Safety

Construction worker found dead beneath home in Austin

Two days after a construction worker was discovered beneath a home in Texas, authorities determined his death was due to electrocution. According to a report from the Austin American-Statesman, workers at a home on Grayson Lane in East Austin, where it appears renovations were taking place, noticed that their co-worker, 51-year-old Rafael Torres-Leyva, was missing on September […]

September 17, 2015