Tag: housing starts: Page 3

Business

Bathtub theory: Construction activity lagging behind home sales due to vacancy rate and household formation

With construction on new homes up 0.9 percent in August, Trulia Chief Economist Jed Kolko points out that new home starts and new home sales are still between 40 and 50 percent below normal levels. Meanwhile, existing home sales are just 2 percent below normal. So why is construction activity still lagging behind the housing […]

September 20, 2013

Business

Housing starts up 0.9% as decreases in apartment starts, permits detract from single-family performance

Following a few months of ups and downs, U.S. construction starts on new homes are showing signs of stabilizing a bit with a second consecutive month of gains in August. New home starts rose 0.9 percent in August to a seasonally adjusted annual rate of 891,000, according to preliminary data from the Commerce Department on […]

September 18, 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

Business

Housing starts tumble 16.5% in April, but surge in permits suggests continued recovery

The start of construction on homes fell drastically in April, one month after reaching a level of home starts the country had not seen since before the recession. However, a surge in building permits hints that the damage might not be too bad. Construction began on homes at a seasonally adjusted annual rate of 853,000, […]

May 16, 2013

Business

Housing starts stall in February

After a big dip in January, housing starts basically stalled in February, according to preliminary data from the U.S. Commerce Department’s Census Bureau. Construction began on houses and apartments at a seasonally adjusted rate of 917,000 in February, marking only a 0.8-percent increase from January’s revised estimate of 910,000. Despite the dip, the February rate […]

March 20, 2013

Business

Following four-year high, U.S. housing starts drop 8.5% in January

After surging to a four-year high in December, much of the momentum in housing starts was lost in January though things remain markedly better than they were at the same point in 2012, according to numbers from the U.S. Commerce Department’s Census Bureau. Construction began on houses and apartments at a seasonally adjusted rate of 890,000 […]

February 20, 2013

Business

Housing starts dip in November, remain far ahead of 2011

Privately-owned housing starts in the month of November were at a seasonally-adjusted annual rate of 861,000, according to figures released by the U.S. Census Bureau Wednesday morning. The rate is a 3-percent drop from the revised October estimate of 888,000. However, it’s a 21 percent increase over November 2011’s rate. Single-family housing starts were at […]

December 19, 2012

Workforce

Merrill Lynch: “We are on the verge of construction hiring”

Bill McBride has pulled in some optimistic comments from Michelle Meyer at Merrill Lynch. Meyer says 2012 will “go down in history as a year of transition for the housing market” with housing starts on track to be up 25 percent and home prices on track to increase 5 percent by year’s end. Meyer forecasts […]

December 13, 2012

Home

American Augers, Trencor retain brand identities after acquisition

American Augers drills and Trencor trenchers will retain their brand identities as they are incorporated into The Charles Machine Works; the media heralds improving metrics but problems and a weak economy remain;Jennifer Hicks spoke with members of the Associated General Contractors of America on four areas the construction industry should continue to watch over .

December 1, 2012

Technology

Census Bureau, HUD release September constructions statistics

The United States Census Bureau and the Department of Housing and Urban Development (HUD) have jointly released residential construction statistics for September 2012. Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 894,000.  This is 11.6 percent above the revised August rate of 801,000 and is 45.1 […]

October 17, 2012

Business

Guest blog: So what’s happening in the off-the-road tire market?

The off-the-road (OTR) tire market has been on a roller coaster as far as supply and demand. The market was hit hard by the recession in 2009, but tire manufacturers were surprised at how quickly it came roaring back, which caused another supply shortage. In this Q&A prior to MINExpo next week, Gary Nash, Yokohama […]

September 19, 2012

Construction Equipment

Building permits dip, housing starts rise in August

The U.S. Census Bureau and the Department of Housing and Urban Development report on August housing statistics show the following: Building permits: Privately-owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 803,000. This is 1.0 percent (±1.2%) below the revised July rate of 811,000, but is 24.5 percent (±1.7%) above […]

September 19, 2012