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Tag: new homes
Business
Police bust crime ring’s year-long spree of construction site burglaries in Pennsylvania
Several police departments in southwestern Pennsylvania worked together in bringing down a crime ring that had been stealing materials and appliances from construction jobsites in the area for more than a year. Police arrested Charles Fey, 35; Dwanye Vargo, 35; Dennis Vargo, 37, and Darius Sheplar, 37, according to a report from the Pittsburgh Post-Gazette. With […]
October 3, 2014
Business
Is construction “dead in the water”? Greenspan comment highlights industry’s mixed feelings about recovery
Despite many positives in the industry right now, Alan Greenspan is pointing a finger of blame in construction’s direction. According to a report from Bloomberg, Greenspan, who served as chairman of the Federal Reserve between 1987 and 2006, said Tuesday the U.S. economic rebound from the recession that ended five years ago has been held […]
September 10, 2014
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
Business
Home prices see biggest gains in 7 years
In May, home prices saw their biggest gains in 7 years, according to a report from the New York Times citing data from the Standard & Poor’s Case-Shiller home price index. The index of home prices, which covers 20 U.S. cities, indicated a 10.9-percent gain over last year at the same time. That’s the biggest increase […]
June 12, 2013
Workforce
Skilled labor shortage slows Michigan’s response to growing demand for new homes
After 60,000 of Michigan’s skilled home builders were put out of work during the recession, many left the state to find work elsewhere while some left the trade entirely, reports the Detroit Free Press. Michigan is the latest of several states around the country to report skilled labor shortages as demand for construction rebounds. The […]
June 11, 2013
Business
U.S new-home sales rise; home prices jump to highest level in 7 years
The number of new homes sold in April rose 2.3 percent to a seasonally-adjusted annual rate of 454,000, the highest mark since the summer of 2008, the Associated Press and CNBC report. Compared to a year ago, new home sales are up 29 percent, according to Commerce Department data. However, the number is still well […]
May 28, 2013
Workforce
Why isn’t construction hiring booming like housing? Hoarding.
Citing a phenomenon that might not make much sense to those outside of the industry, Neil Irwin took to the Washington Post’s Workblog recently to discuss why construction job growth, though recovering, isn’t quite matching the numbers of the booming housing market. Just yesterday we reported that the annual rate on home starts grew in […]
March 21, 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
Home
All-American-made homes would provide economic boost, but are they feasible?
Is it possible to build a home from 100 percent American materials? That’s the question Anders and Jake Lewendal decided to try and find out with a recent build, as chronicled by Builder. Anders Lewendal Construction Inc., a custom builder based out of Bozeman, Montana, set out to build a home made completely of materials […]
March 18, 2013
Business
New home sales surge 16% to nearly 3-year high
New home sales made a huge leap in January, rising nearly 16 percent from December 2012, according to data from from HUD and the United States Census Bureau. New single-family homes were sold at a seasonally adjusted annual rate of 437,000 in January, besting the consensus estimates of 381,000. It is the highest monthly total […]
February 26, 2013
Business
New-home sales increase 4.4 percent in November
New single-family home sales increased 4.4 percent in November to a seasonally adjusted annual rate of 377,000 units, according to figures from HUD and the United States Census Bureau. It was the highest monthly total since April 2010. National Association of Home Builders (NAHB) Chief Economist David Crowe said NAHB is projecting about 365,000 new-home […]
December 28, 2012
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