Office construction boom hits NYC

The city is expected to see the most new office space in any three-year period since 1990.

By Ron Gallagher • June 19, 2014

Construction: An anchor dragging on U.S. employment?

The reason the U.S. economy still has a mediocre jobs picture despite monthly increases is partly because construction simply isn't back.

By Ron Gallagher • June 18, 2014

Research finds value booming for walkable urban development

A study by George Washington University and a developer group found office rents run 74% higher, a lure for building in-town.

By Ron Gallagher • June 18, 2014

In May, architects saw more work come their way

The monthly Architectural Billings Index turned positive as designers got more work and more inquiries.

By Ron Gallagher • June 18, 2014

Warm weather is no cure as housing falls in May

Industry economists blamed winter for sagging housing starts, but May saw both single-family and multifamily starts fall, too.

By Ron Gallagher • June 17, 2014

Report: Financing is returning to commercial construction

A veteran of the annual conference of developers, builders and retailers says the vibe at the annual ICSC conference felt like the recession is finally in the past.

By Ron Gallagher • June 17, 2014

Builder confidence: Closing in on optimism

The June index was up four points from May to 49, which put it on the edge of most home builders thinking it's a good market. 

By Ron Gallagher • June 17, 2014

Southern California lumber yards: Builder demand is up

While there has been debate about the scale of the housing recovery this year, lumber demand is well up in Southern California.

By Ron Gallagher • June 15, 2014

Hines exec: Higher-than-expected inflation in construction costs

Developer and builder Hines reports 3% to 6% annual inflation on projects and double that in multifamily construction.

By Ron Gallagher • June 15, 2014

Experts: Builders' focus on expensive homes to shift in coming years

Home building is running at a slower pace than most years, leading builders to cater to the high-end market.

By Davide Savenije • June 13, 2014

Illinois Gov. Quinn announces $36M in construction projects

The projects will improve roads and bridges in the state.

By Davide Savenije • June 13, 2014

Florida recovery pushes on: Two more luxury condo projects in South Beach

Related Group has two more luxury condo buildings underway, making four that Plaza Construction is erecting for the company where condo projects once were hammered by the recession.

By Ron Gallagher • June 11, 2014

Fannie Mae: 2014 home-buying will trail 2013

A survey of Americans' attitudes about housing leads the lender to believe economic worries and income stagnation are putting the brakes on the market.

By Ron Gallagher • June 10, 2014

Realtors want builders to match pre-recession home-to-jobs pace

The National Association of Realtors says that more than half the states are not gaining houses as fast as jobs come back.

By Ron Gallagher • June 10, 2014

Bad news for construction: Lenders losing money on mortgages

Mortgage bankers reported that the average mortgage bank or mortgage subsidiary lost $194 on each loan it made in the first quarter.

By Ron Gallagher • June 10, 2014

Bankers say mortgage credit eased up in May

With the building industry long decrying overly restrictive credit standards for slowing the recovery, a sliver of good news comes from mortgage bankers.

By Ron Gallagher • June 9, 2014

U.S. construction spending hits 5-year high

Public construction spending was up, according to the Commerce Dept.

By Davide Savenije • June 6, 2014

Lennar CEO: We'll build more when Millennials start buying more

Stuart Miller told CNBC that household formation will pick up some day and the production rate will have to catch up.

By Ron Gallagher • June 4, 2014

Commercial sector turns nonresidential backlog negative for Q1

Associated Builders and Contractors said the infrastructure and heavy industrial segments saw some increase in backlogged work.

By Ron Gallagher • June 3, 2014

Big bill for developers looms without CA state school bond

If the state has no money for schools, local governments may try to extract costs from developers, which could launch house prices upward.

By Ron Gallagher • June 3, 2014

Analysts: Mortgage climate will help Horton, Beazer, MDC

With rates for 30-year fixed loans at a nine-month low, the three builders have factors in place that should mesh nicely for higher sales.

By Ron Gallagher • June 2, 2014

Total April spending up, but beyond that is a matter of perspective

It was the third month in a row of an overall increase in construction put in place, but what else happened depends on how you slice the data.

By Ron Gallagher • June 2, 2014

Construction boom town: Would you believe Detroit?

Associated General Contractors' Michigan chapter hears the city ringing with the music of cranes, trucks and scaffolding.

By Ron Gallagher • June 1, 2014

Warmington finds a good way to beat the competition is to avoid it

The builder, part of a group of companies that include design and asset management, looks for different designs with market appeal and different property.

By Ron Gallagher • May 30, 2014

OR readies next step in road-use-tax experiment

The state is seeking contractors to manage a 5,000-volunteer test of using a fee for miles driven rather than a fuel tax to gather funds for highway construction work.

By Ron Gallagher • May 29, 2014