Tag: U.S. housing

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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

Business

Construction firms paying their bills earlier the latest indicator of U.S. industry’s strength

Calling the findings evidence of a clear “upswing” in the U.S. construction industry, a U.K.-based credit reporting agency says American construction firms are, on average, paying their bills earlier than they were last time. According to a report from the Wall Street Journal, Creditsafe Inc. assessed roughly 1.7 million U.S. construction firms and found that they […]

October 12, 2015

Business

Home starts up 0.2% in July as single-family gains offset big drop in apartments

A jump in single-family home construction starts offset a big drop for apartments as total U.S. home starts edged slightly upward in July. Construction on new homes rose 0.2 percent in July to a rate of 1.206 million and is up 10.1 percent from July 2014, according to preliminary data from the Commerce Department. Homes […]

August 18, 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

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Housing starts fall 0.2% in February as builder confidence rises slightly

Despite a large upward revision to January’s number, housing starts fell slightly in February, according to preliminary data from the Commerce Department. The Commerce Department revised January’s number to a seasonally-adjusted annual rate of 909,000—up 29,000 from the rate of 880,000 reported last month. February home starts fell 0.2 percent to a preliminary rate of […]

March 18, 2014

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No. 2 in 2013: Construction employment and housing starts hit multi-year highs

It took a bit of time, but it looks like our industry is finally starting to hit its stride as it recovers from the recession. While both statistics saw a few ups and downs this year, the latest reports on housing starts and employment available before the end of this year show strong improvements over […]

December 30, 2013

Business

Construction spending up 0.6% in July to highest mark since June 2009

Construction spending in the U.S. rose 0.6 percent in July despite more decreases in government spending, according to preliminary data from the Commerce Department. Total construction spending rose to $900.8 billion in July thanks to gains in both housing and nonresidential projects. That’s the highest spending total since June 2009 and bests the July 2012 […]

September 3, 2013