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Tag: new home construction
Business
Home starts up in July with jump in multi-family construction
With a 2.1-percent month-to-month increase, U.S. home starts rose in July on the strength of multi-family construction gains. Home starts rose to a seasonally adjusted annual rate of 1.211 million during the month, a 5.6-percent increase over the July 2015 rate, according to preliminary data from the Commerce Department. Single-family home starts were up 0.5 […]
August 16, 2016
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
Business
U.S. home starts fall 2 percent in January as builder confidence dips due to cold weather
Following up a nice gain in December, housing starts in the U.S. fell 2 percent in January and builder confidence in the market has since dropped due to harsh winter weather conditions. Builders started homes at a seasonally-adjusted annual rate of 1.065 million homes in January, a 19-percent increase over January 2014, according to preliminary data […]
February 18, 2015
Business
Home starts dive 14.4% in August but homebuilder confidence rises to nearly 9-year high
Another down month in August continued what has been a very up-and-down year for construction of new homes in the U.S., largely thanks to the volatility of new apartment starts. Despite the drop, homebuilder confidence in the market rose to its highest reading since November 2005. Following a gain of 8.6 percent in July, home […]
September 18, 2014
Home
Home starts rebound 6 percent in July as permits and builder confidence soar
We’ll say this for the current home construction recovery: it doesn’t stay down for long. Following a 10-percent drop in June, new home starts in July rose 6 percent to a seasonally-adjusted annual rate of 896,000, according to data from the Commerce Department Friday. It’s a good sign, as home starts inch closer to regaining the […]
August 16, 2013
Business
Home construction starts up 6.8% in May
After a tumble of 14.8 percent in April, U.S. home construction starts rose 6.8 percent in May, according to new data from the U.S. Census Bureau. In total, home builders began construction on a seasonally adjusted annual rate of 914,000 homes in May. That’s an improvement of 28.6 percent over the same time last year and […]
June 19, 2013
Workforce
Skilled labor shortage slows Michigan’s response to growing demand for new homes
After 60,000 of Michigan’s skilled home builders were put out of work during the recession, many left the state to find work elsewhere while some left the trade entirely, reports the Detroit Free Press. Michigan is the latest of several states around the country to report skilled labor shortages as demand for construction rebounds. The […]
June 11, 2013
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