Economy: Page
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Why there's a construction labor shortage despite high jobless rate
Many different local trends combine to paint a potentially misleading national picture.
By Ron Gallagher • Aug. 4, 2014 -
June construction spending down, but May better than reported
Construction spending reported by the Commerce Department illustrates why no one should panic over one month's data.
By Ron Gallagher • Aug. 3, 2014 -
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 -
U.S. construction unemployment hits lowest rate since 2007
In the report on July job creation were 9,100 new jobs in nonresidential work and 13,000 in residential.
By Ron Gallagher • Aug. 3, 2014 -
Predicting U.S. housing market is like handicapping a horse race
Fannie Mae says consumers are eager, but the Fed is glum.
By Ron Gallagher • July 31, 2014 -
One economist sees headwinds for U.S. housing market
A big problem in trying to sustain housing growth at recent levels is that median income in the U.S. has gone down.
By Ron Gallagher • July 30, 2014 -
Latest GDP numbers are good, but construction figures are even better
Widespread relief greeted the report of 4% growth in GDP and fixed investment in nonresidential projects grew 5.5%.
By Ron Gallagher • July 30, 2014 -
Renaissance in civil, heavy work is benefiting job-seekers
As necessity drives government to find ways to finance infrastructure work, civil companies are trying to expand to meet the demand.
By Ron Gallagher • July 29, 2014 -
Some U.S. cities have recovered nicely while others still struggle post-recession
The recovery from the recession has been a good time to be in several Texas cities and many others, but not all cities.
By Ron Gallagher • July 28, 2014 -
Construction labor shortages becoming more severe
Two out of three home builders said they are paying higher wages than last year, and three out of five nationally see a labor shortage.
By Ron Gallagher • July 28, 2014 -
D.R. Horton uses incentives to boost sales, but investors don't like what they see
The stock market did not like how D.R. Horton grew sales by 25% last quarter, but the company may just be ahead of what all builders will have to do.
By Ron Gallagher • July 27, 2014 -
10th-largest U.S. electrical contractor files for bankruptcy
The company did a lot of work in the Washington, D.C., area, but it's unclear how many jobs it had in progress.
By Ron Gallagher • July 25, 2014 -
A bad day for new-home numbers
With a groan, the home-building industry found out that new-home sales in June fell 8.1% and that revisions to May's figures shaved 60,000 units off the annual pace as well.
By Ron Gallagher • July 24, 2014 -
NAHB: Remodelers feeling love of improving economy
Sales of new homes may be lagging, but an index of how remodelers are feeling rosy in the second quarter of the year for current work and coming months.
By Ron Gallagher • July 24, 2014 -
Nonresidential construction up 12% in June
The start of some large manufacturing facilities put the trend back on the positive side, with an annual pace of $549.7 billion.
By Ron Gallagher • July 23, 2014 -
Vets are rising portion of home buyers thanks to VA mortgages
The program for veterans has helped them rise to 8.1% of mortgages made in the first three months of this year.
By Ron Gallagher • July 22, 2014 -
Existing-home sales jump 2.6% in June
That's the best rate since last fall.
By Ron Gallagher • July 22, 2014 -
Home sales could suffer if banks walk away from FHA
The National Association of Realtors says the Federal Housing Administration is the only way for qualified buyers to put down 3.5% to get into houses.
By Ron Gallagher • July 21, 2014 -
Bank foresees only slow growth in home building
RBC Capital Markets does not think the U.S. market will be ready for several years to get back to its 50-year average of 1.46 million new units every year.
By Ron Gallagher • July 21, 2014 -
NAIOP sees commercial growing nicely in latest economic report
The organization says Texas, Louisiana and New York were the states with the most spent on nonresidential, commercial construction in 2013.
By Ron Gallagher • July 21, 2014 -
Some numbers suggest housing performance approaching typical levels
Four statistics indicate that housing is about back to its historic normal performance.
By Ron Gallagher • July 21, 2014 -
Builders turn optimistic in latest survey
The latest Builder Confidence Index climbed above 50 for the first time since January, though one component – buyer traffic – remains low.
By Ron Gallagher • July 20, 2014 -
Money for Corps work, GSA passes House, but Senate action nil
Contractors would perhaps benefit from an increase for the Corps over the presidential request, but GSA funding was lower than was asked.
By Ron Gallagher • July 20, 2014 -
There's more to June's bad home construction numbers than meets the eye
The sinking numbers were the result of one region and one class of housing.
By Ron Gallagher • July 18, 2014 -
June materials price report may spell more expensive second half
Materials overall were up 0.1% from May's prices, which is not huge but continues a change from 2013's relative stability.
By Ron Gallagher • July 17, 2014 -
Survey says 'missing' homebuyers are the middle-aged
Departing from the conventional explanation that the millennial generation is not buying homes, Trulia says the problem lies with 35- to 54-year-olds.
By Ron Gallagher • July 17, 2014
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