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Tag: home prices
Business
Slower growth but no recession near, predicts latest cement industry forecast
According to the Portland Cement Association, cement consumption in the U.S. is expected to grow through 2021 at a slow pace. More details on Equipment World.
October 29, 2019
Business
Despite slow start to 2014 and concerns, top construction economists forecast growth in spending and jobs
The outlook from respected economists in the construction industry continues to be mixed as all the elements for growth are there but several factors could limit or hurt the industryâs ongoing recovery. Bernard Markstein, chief economist at Reed Construction Data, Kermit Baker, chief economist at the American Institute of Architects and Ken Simonson, chief economist [âŚ]
April 17, 2014
Business
Home prices see biggest gains in 7 years
In May, home prices saw their biggest gains in 7 years, according to a report from the New York Times citing data from the Standard & Poorâs Case-Shiller home price index. The index of home prices, which covers 20 U.S. cities, indicated a 10.9-percent gain over last year at the same time. Thatâs the biggest increase [âŚ]
June 12, 2013
Business
U.S new-home sales rise; home prices jump to highest level in 7 years
The number of new homes sold in April rose 2.3 percent to a seasonally-adjusted annual rate of 454,000, the highest mark since the summer of 2008, the Associated Press and CNBC report. Compared to a year ago, new home sales are up 29 percent, according to Commerce Department data. However, the number is still well [âŚ]
May 28, 2013
Business
Permits, labor shortage cause delays as builders scramble to meet huge housing demand
âIâve also never seen a market turn so quickly.â Thatâs what Kurt K. Colgan, a broker with Lyon Real Estate of Sacramento, California, recently told the New York Times about the recent housing boom. Despite how eagerly-awaited housingâs return has been, its sharp rebound has taken home buyers, sellers and builders by surprise. As a [âŚ]
March 25, 2013
Business
U.S. home prices jump 7.4 percent in November
U.S. home prices in November were up 7.4 percent from November 2011, the largest year-over-year increase in 6 1/2 years, the Associated Press reported. In terms of monthly gains, housing prices were up 0.3 percent from October to November, according to CoreLogic which told the AP that the gains have been âwidespreadâ in the U.S. [âŚ]
January 17, 2013
Roadbuilding
Economic Outlook: How long is recovery in a âHumpty Dumptyâ economy?
The good news is that the U.S. economy is growing â with the exception of the housing market â but the bad news is weâve encountered the worst recession since the Great Depression, says Eugenio Aleman, director and senior economist at Wells Fargo. âWe went from -9 percent to almost 3 percent in almost three [âŚ]
December 5, 2011
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