Tag: housing construction

Business

Home starts fall 1.6% in November as builder confidence slips

The rate of construction on new single family homes fell in November and with it went the rate of all U.S. home starts for the month. Construction on single- and multi-family homes fell 1.6 percent in November to a seasonally adjusted annual rate of 1.028 million, according to preliminary data from the Commerce Department. The latest report […]

December 16, 2014

Business

Housing starts soar 22.7% in November to nearly 6-year high

Greatly defying expectations, U.S. housing starts soared in November to heights rarely seen since the housing collapse in 2006. Housing starts jumped 22.7 percent in November to a seasonally adjusted annual rate of 1.091 million, according to data from the Commerce Department. That’s the highest monthly gain since January 1990 and only the second time […]

December 18, 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

Business

Construction economists: spending on slow upward march, housing has long way to go

There are several pluses and minuses in today’s construction spending front, although the overall picture is trending upwards, agreed three construction economists participating in a Reed Construction Data forecast webinar today. “Construction is growing, but it is growing unevenly,” said Ken Simonson, chief economist for the Associated General Contractors of America. Simonson sees growth in […]

May 10, 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