Economy: Page
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Mortgage rates fall in reaction to negative housing reports
At the same time, fewer borrowers are applying for home loans.
By Sharon O'Malley • March 19, 2015 -
Looming interest rate hike could stop some from buying homes
Until then, consumers might rush to lock in low rates on mortgages.
By Sharon O'Malley • March 19, 2015 -
Explore the Trendline➔
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TrendlineTop 5 stories from Construction Dive
Construction Dive editors curate some of the industry’s top stories from this year.
By Construction Dive staff -
CA economy suffers backlash from high home prices
Legislators may consider easing restrictions on high-density and coastal development.
By Sharon O'Malley • March 19, 2015 -
Deep Dive
Why women construction workers earn less than men
An expert from the University of Utah told Construction Dive that location, occupation, and union membership determine wages.
By Sharon O'Malley • March 18, 2015 -
Slowdown in construction affects factory production
Weak performance in mining, oil drilling and exports contributed as well.
By Sharon O'Malley • March 18, 2015 -
New home starts plummet 17% in February
Many blame the dramatic dip on the month's harsh weather interfering with builders and buyers.
By Emily Peiffer • March 17, 2015 -
Lenders start to ease standards for mortgages
The more first-time buyers who get loans, the better the outlook for home sales.
By Sharon O'Malley • March 16, 2015 -
Economist disputes notion of construction labor shortage
She said that for every open job in the industry, six unemployed workers are waiting to fill it.
By Sharon O'Malley • March 12, 2015 -
Consumer enthusiasm for housing remains stagnant
However, Fannie Mae's chief economist believes "2015 will be a year of the economy dragging housing upward.”
By Sharon O'Malley • March 9, 2015 -
Homeownership: An unexpected priority for millennials?
Goldman Sachs has created an information-packed graphic about young adults, their spending habits, and their attitudes toward big purchases.
By Sharon O'Malley • March 5, 2015 -
Fed's Beige Book gives construction 'mixed' review for Jan/Feb
Tough times in oil-dependent states could lead the central bank to delay a planned interest rate hike.
By Sharon O'Malley • March 5, 2015 -
Home construction lending slows in January
The FDIC report is another indication of a ‘restrained’ housing recovery.
By Sharon O'Malley • Feb. 24, 2015 -
NAR: Commercial real estate to remain level through spring
However, weaker economies around the world tend to stifle potential industry growth in the U.S.
By Sharon O'Malley • Feb. 23, 2015 -
Freddie Mac: 2015 will be "best year for home sales since 2007"
Economists there also predicted a slight, but not substantial, rise in interest rates this year.
By Sharon O'Malley • Feb. 23, 2015 -
Job growth greatest for employees least likely to buy homes
A Freddie Mac analysis pointed to lower levels of homebuying power over the next decade.
By Sharon O'Malley • Feb. 20, 2015 -
Increase in interest rates linked to positive job outlook
Mortgage rates rose on both 30- and 15-year, fixed-rate loans.
By Sharon O'Malley • Feb. 12, 2015 -
Construction costs rise as economy improves
One commercial giant is preparing its clients for a 6% increase.
By Sharon O'Malley • Feb. 11, 2015 -
Consumer confidence in housing market grows
As their personal finances have improved, would-be homeowners are changing their outlook about the value of owning versus renting.
By Sharon O'Malley • Feb. 11, 2015 -
Housing markets reach near-normal levels
Still, recovery in the single-family home sector remains sluggish.
By Sharon O'Malley • Feb. 9, 2015 -
Opinion
What's next in the Keystone XL Pipeline debate
Despite the Senate's approval of the measure and Obama's pending decision, the issue is far from over.
By Randy Lilleston • Jan. 30, 2015 -
Senate passes bill to construct Keystone XL pipeline
The controversial bill could reach the White House as soon as next week, but the threat of a veto is still present.
By Emily Peiffer • Jan. 29, 2015 -
Contractors plan to increase hiring across most sectors
Construction firms continue to struggle to fill vacancies for craft workers and professionals, even with the offer of higher pay.
By Sharon O'Malley • Jan. 25, 2015 -
New federal guidelines could make it easier to qualify for mortgages
First-time homebuyers and investors are the most likely to take advantage of relaxed credit requirements.
By Sharon O'Malley • Dec. 3, 2014 -
Early prediction puts November home sales even with October's
That means more houses will sell this month than in November 2013.
By Sharon O'Malley • Nov. 25, 2014 -
Construction industry creates jobs in 37 states
Still, a nationwide labor shortage is preventing employers from filling those jobs and keeping work on schedule.
By Sharon O'Malley • Nov. 22, 2014