Tag: residential construction: Page 2

Business

Construction adds 36,000 jobs; home starts end 2016 on strength of multi-family units

The latest data from the federal government indicate increases in both construction employment and the start of construction on new homes. The U.S. construction industry added 36,000 jobs in January and now employs 6.809 million Americans, according to preliminary data from the Labor Department. The figure represents a 2.5-percent increase over the January 2016 employment total […]

February 6, 2017

Business

Year-end report: Construction spending dips slightly in December, shows 4.5 percent year-over-year gains in 2016

U.S. construction spending in December was 0.2 percent below the revised November estimate, yet still 4.2 percent over the December 2015 figures, according to numbers released by the U.S. Census Bureau. Also releasing its year-end numbers, the Bureau places the 2016 value of construction at $1.162 trillion, which is 4.5 percent above the $1.112 trillion […]

February 2, 2017

Business

Home starts jump 25% in October with surge in multi-family building

Following two consecutive months of decreases, construction starts on homes in the U.S. jumped 25 percent in October largely due to a huge increase in multi-family starts. Home starts are at a seasonally-adjusted annual rate of 1.323 million, an increase of 23 percent over the October 2015 level, according to preliminary data from the Commerce […]

November 17, 2016

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

Business

Construction spending falls 1.8% in April

Monthly declines in both residential and nonresidential construction led to a 1.8-percent decrease in U.S. construction spending during April. Spending is at a seasonally adjusted annual rate of $1.134 trillion and remains up 4.5 percent from the April 2015 rate, according to preliminary data from the Commerce Department. Total residential spending fell 1.5 percent to $445 […]

June 1, 2016

Business

Home starts up in April but down year over year due to multi-family drop

U.S. home starts grew by 6.6 percent during April on gains from both single- and multi-family units, but the year-over-year count is down due to starts on apartments dropping from the April 2015 figure. Total starts increased in April to a seasonally-adjusted annual rate of 1.172 million. That figure is down 1.7 percent from the April 2015 figure. […]

May 24, 2016

Business

Home starts fall 9% in March as builder confidence holds steady

With sizable drops on the start of construction of both single-family and multifamily homes in March, total U.S. home starts fell 8.8 percent for the month. The seasonally adjusted annual rate of starts fell to 1.089 million, according to preliminary data from the Commerce Department, but remain up 14.2 percent over the March 2016 figure. Single-family […]

April 19, 2016

Construction Equipment

Vermeer’s new FTX25 takes aim at residential footings market

Based on the platform of Vermeer’s compact utility loader, the company’s new FTX25 footings trencher is a stand-on, track-mounted unit built to dig footings up to 26 inches deep and up to 12 inches wide. “This is a rental unit directly aimed at the housing market,” says Todd Roorda with Vermeer. “Rental is huge in […]

March 17, 2016

Business

Home starts rise in February with single-family jump to 8-year high

Construction on single-family homes rose during February to its highest level since November 2007, pushing total U.S. home starts for the month up 5 percent. Starts rose to a seasonally adjusted annual rate of 1.178 million during February representing a 31-percent increase over the February 2015 figure, according to the National Association of Home Builders […]

March 17, 2016

Business

December dip in home starts doesn’t derail market’s momentum, but concerns remain

Despite ending the year on an unexpected sour note, the U.S. housing market had its best year since 2007 in 2015. According to preliminary data released from the Commerce Department, U.S. home starts fell 2.5 percent in December to 1.149 million. The dip came as a surprise to industry analysts especially after a strong Novemeber […]

January 21, 2016

Business

From digging graves as a boy to relocating a construction business during the recession, Tim Humerick built a career staring down the odds

Tim Humerick has spent little of his life doing things he didn’t want to do. There was the one time he got a job in high school at Kroger that lasted all of a couple of weeks. “It was kind of hard to get hours at my other job during the winter, so I went […]

January 18, 2016

Business

Why an error in the Commerce Department’s construction spending calculation is actually good news

The Commerce Department has announced a revision to 10 years worth of construction spending estimates, correcting a calculation error that will likely lead to a boost in the GDP. “In the November 2015 press release, monthly and annual estimates… for January 2005 through October 2015 have been revised to correct a processing error in the tabulation of […]

January 5, 2016