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Tag: housing market: Page 3
Business
Home starts fall 9.3% to 9-month low in June, but builder confidence is on the rise
After gains in Spring jumpstarted what many hoped would be a high-activity construction season following a harsh winter, construction on new homes in the U.S. was down for the second consecutive month in June. Home starts fell 9.3 percent last month to a seasonally adjusted annual rate of 893,000—the lowest pace in nine months. The Commerce […]
July 17, 2014
Business
Home starts fall 6.5% in May as apartment construction and permits slow
May represented a down month for residential construction in the U.S. as both home starts and permits decreased. U.S. home construction starts fell 6.5 percent in May as new construction on both single-family homes and apartments saw sizable declines. Builders started new homes at a seasonally adjusted annual rate of 1.001 million, down from April’s […]
June 17, 2014
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 industry’s 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 […]
April 17, 2014
Business
Construction expected to grow 8% this year with “groundhog”-like growth from nonresidential
Construction industry consultant FMI has released what it calls a “cautiously optimistic” outlook for the industry in 2014 in its latest quarterly report. The report predicts construction put-in-place to grow 8 percent this year and for the next few years. “Just like the spring, despite all odds and nasty economic weather, the nation needs to […]
March 27, 2014
Business
Construction booming in Texas thanks to solid economy
A recent report from Business Investors Daily takes an in-depth look at the booming construction industry in Texas, saying the state’s expanding economy is driving the boom. Noting the fact that the state “sat out of the housing bubble” and is currently enjoying the benefits of an energy boom as well, the report notes that […]
November 14, 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
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
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
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
Construction spending falls 0.6% in June as government spending falls to lowest level since 2006
Snapping two consecutive months of increases, U.S. construction spending fell 0.6 percent in June to $884 billion due to larger decreases in nonresidential and government spending. The decline is the biggest seen in the last five months. Government construction spending fell 1.1 percent in June to $261 billion—it’s lowest level since 2006. Public residential construction […]
August 1, 2013
Business
Builder confidence reaches highest level since 2006
For the first time since April 2006, more U.S. home builders say they view the market  as “good” rather than “poor.” The sentiment comes through the June edition of the National Association of Home Builders/Wells Fargo Housing Market Index. The Index’s rating of builder confidence rose eight points in June to a 52. The NAHB says […]
June 20, 2013
Workforce
Sioux Falls women finding work they love in construction industry
After seeing the results of a Pew Research survey saying 40 percent of U.S. moms are now the breadwinners in their households, news station KSFY out of Sioux Falls, South Dakota, did some digging and filed an interesting report about the number of women in the area now doing construction work. KSFY talked to several women […]
June 17, 2013
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