Economy: Page
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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 -
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 -
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 -
Consultant slams doom-and-gloom housing scenarios
Former builder Charlie Scott has little patience for the media's sensationalist coverage of prospects of the housing market.
By Ron Gallagher • May 27, 2014 -
Investors see U.S. housing market as bad bet
Word from Wall Street is that the housing recovery is unlikely to get back its previous upward momentum.
By Ron Gallagher • May 26, 2014 -
US new-home sales rise 6.4% in April
Government reports show newly built homes were selling at an annualized pace of 433,000.
By Ron Gallagher • May 26, 2014 -
Will the rise in existing-home sales lead to more new-home buying?
Data from the National Association of Realtors shows that existing home sales began to come out of the winter slump that hit home building.
By Ron Gallagher • May 22, 2014
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