Economy: Page 105
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ADP data shows June construction workforce largest since '09
Adding 36,000 workers brought total construction employment to about 6.1 million, the payroll-processing company reported as the month closed.
By Ron Gallagher • July 2, 2014 -
As Highway Trust Fund runs dry, DOT will stop daily payments to states
The Highway Trust Fund is rolling toward red ink and Congress has yet to add money, so the U.S. Department of Transportation is going from daily transfers to twice-a-month allocations.
By Ron Gallagher • July 1, 2014 -
Construction spending up a shade in May
When all was put together, total construction spending ion May was up 0.1% from April, with residential falling this time in an up-and-down pattern that may persist for the year.
By Ron Gallagher • July 1, 2014 -
Major change to credit-reporting could boost housing market
Two of the three credit-reporting agencies have said they will count verified rental-payment history, which may help first-time home buyers.
By Ron Gallagher • June 30, 2014 -
Reed forecasts 9.3% rise in total U.S. construction spending in 2014
Reed Construction Data predicts that despite the 2.9% economic contraction in the first quarter, total construction spending will rise.
By Ron Gallagher • June 26, 2014 -
Harvard housing report: U.S. housing market will follow, not lead, economic recovery
Missing first-time buyers remain a problem, the Joint Center for Housing Studies said in its 2014 report.
By Ron Gallagher • June 26, 2014 -
New home sales up 18% in May
Averaging out the year's monthly sales so far yields 445,000 sales a month – where the market was last November.
By Ron Gallagher • June 24, 2014 -
Is student debt to blame for drop in young homeowners?
Economists have opposing opinions on whether there is a connection between rising student loan debt and falling ownership.
By Ron Gallagher • June 24, 2014 -
FMI is on cautious side of 'cautious optimism' in latest forecast
The investment banking and data firm is paring back its forecast for residential construction this year.
By Ron Gallagher • June 23, 2014 -
Blighted Detroit properties are selling online
The city's effort to sell houses it has seized has brought transactions on 60 homes for $1.2 million.
By Ron Gallagher • June 22, 2014 -
Construction jobs edge up as 30 states, DC post gains in May
In the ongoing ebb and flow of data about the economic recovery of the industry, the latest job numbers had more states gaining than losing.
By Ron Gallagher • June 22, 2014 -
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
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