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Home starts jump 13.2% in April as apartment construction soars
The construction of new homes in the U.S. jumped 13.2 percent during April due to warmer temperatures and a huge rise in apartment construction. Builders started new homes at a seasonally adjusted annual rate of 1.072 million, up from March’s revised rate of 947,000. March’s figure was revised upward from the original estimate of 946,000. […]
May 16, 2014
Business
Construction spending up 0.2% in March as homebuilding hits highest pace in nearly 6 years
U.S. construction spending was up slightly in March due mainly to increases in private residential construction, now at its highest rate in nearly six years. Total spending rose in March to a seasonally adjusted annual rate of $942.5 billion, up 0.2 percent from the revised February figure of $940.7 billion. Due to the revision of […]
May 1, 2014
Business
Three-alarm blaze does $2 million in damage at Anaheim construction site
In Anaheim, California 88 firefighters fought for more than an hour to contain a three-alarm fire at an apartment complex construction site. The fire, which did not spread to surrounding structures, gutted the building, dealing $2 million worth of damage, according to a report from the Orange County Register. The building is one of several […]
April 9, 2014
Business
Rising materials costs, labor shortage, financing woes preventing apartment builders from meeting demand
As we reported last Friday, construction on new homes was up 6 percent in July largely thanks to a 26-percent jump in apartment construction. And that’s been the case for just about the entire year. Any time there’s a gain in overall home starts, apartments are the main contributor. And as we told you back […]
August 19, 2013
Business
Home starts stumble 10% in June while single-family permits hit highest rate in 5 years
In what’s beginning to become a sustained pattern of ups and downs, the start of construction on new homes in the U.S. fell 9.9 percent in June, according to data from the Commerce Department Wednesday. June’s stumble likely resuscitates fears that the housing recovery isn’t as healthy as many thought a few months ago. May […]
July 17, 2013
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