Economy: Page 46
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Taiwanese tech giant Foxconn considering $10B US manufacturing investment
Several states are in the running for the massive spend, which could include a $7 billion display panel factory.
By Kim Slowey • June 23, 2017 -
Deep Dive
The gentrification effect: What new development means for communities
City officials and developers must weigh the positive investment resulting from new projects with the possible ramifications for the surrounding area.
By Kim Slowey • June 22, 2017 -
Western NY leads country in housing affordability
Rochester and Buffalo led U.S. metros with populations above 1 million when their median home values were compared with median area income.
By Mary Tyler March • June 22, 2017 -
CA home prices, sales rise in May
A decline in active listings, meanwhile, contributed to further reductions in housing supply across the state.
By Mary Tyler March • June 22, 2017 -
ABC: Q1 construction backlog grows in all categories
The backlog indicator showed an increase of 8.1% to nine months from the fourth quarter of 2016.
By Kim Slowey • June 22, 2017 -
May construction starts inch up as volatile recovery continues
Four major pipeline projects kept last month's overall construction starts out of negative territory, according to Dodge Data & Analytics.
By Kim Slowey • June 22, 2017 -
Existing-home sales bounce back in May
In many parts of the country, homes are likely to continue to go under contract at record speeds this summer as supply lags demand.
By Mary Tyler March • June 21, 2017 -
Architecture billings notch fourth-straight month of gains
Despite an overall rise in demand for design services, the commercial/industrial and institutional segments lost steam in May.
By Mary Tyler March • June 21, 2017 -
Where the next tech workers will live
Cities like Washington, DC, and Boston are rivaling Silicon Valley, but one analysis recommends looking at new metrics to gauge growth potential.
By Mary Tyler March • June 21, 2017 -
$1B hotel and convention center coming to Chula Vista, CA
The San Diego–area project is expected to create 3,100 temporary construction jobs and generate $390 million annually for the local economy.
By Kim Slowey • June 21, 2017 -
What will it take for more millennials to own homes?
The potential for higher salaries and efforts to close the racial education gap could raise the homeownership rate for this group by up to seven percentage points.
By Joe Dyton • June 21, 2017 -
DC leads most expensive US states to buy a home
Elevated home prices pair with high closing costs — sometimes the determining factor of whether a buyer can afford the home — in these markets.
By Mary Tyler March • June 21, 2017 -
Tear-downs grow their share of single-family starts in 2016
With more than half of today's owned housing built before 1980, aging inventory and continued economic recovery see more builders replacing old stock with new.
By Mary Tyler March • June 20, 2017 -
Report: Most Americans say high housing costs are biggest hurdle to owning
Two-thirds of U.S. respondents said they have struggled to afford housing at some point in their lives, according to a survey by PSB on behalf of Habitat for Humanity.
By Mary Tyler March • June 20, 2017 -
Deep Dive
From concept to closeout: What contractors need to know about the manufacturing sector
The industrial segment is showing no signs of slowing down, as manufacturing jobs pick up steam and e-commerce drives new warehouse construction.
By Kim Slowey • June 20, 2017 -
Housing market breaks records in May
The average home went under contract in a record-low 37 days during the month while the market had a 2.7-month supply of for-sale homes, according to Redfin.
By Joe Dyton • June 19, 2017 -
AGC: 25 states and DC lose construction jobs in May
Despite strong private sector activity, companies continue to struggle to find enough skilled workers.
By Kim Slowey • June 19, 2017 -
LendingTree adds home valuation tool to boost equity lending
The tool will estimate the extent to which a user can finance — and refinance — a given home purchase with the goal of improving lending activity.
By Mary Tyler March • June 19, 2017 -
Chicago Vista Tower developer snags $700M construction loan
The financing deal for the $1 billion, 94-story skyscraper marks the city's largest construction loan in history.
By Kim Slowey • June 19, 2017 -
Housing starts continue to slide amid weak single-family, multifamily activity
May's seasonally adjusted annual rate of 1.092 million is down 2.4% year-over-year and represents the lowest level in eight months.
By Mary Tyler March • June 16, 2017 -
Trump announces $200M apprenticeship initiative
Some critics have expressed concern about the president's move to give the private sector more influence in designing apprenticeship programs.
By Kim Slowey • June 16, 2017 -
First-time buyers in major US cities should look to the suburbs
Areas outside the nation's top metros offer the best value for this group based on a mix of housing affordability, commute times and amenities, according to Trulia.
By Mary Tyler March • June 16, 2017 -
New Commercial Construction Index predicts a healthy 2017
The U.S. Chamber of Commerce and USG Corporation developed the quarterly economic index in conjunction with Dodge Data & Analytics.
By Kim Slowey • June 16, 2017 -
Report: US housing market largely back to normal
However, supplies of for-sale and rental housing remain tight, making affordability a continued concern.
By Mary Tyler March • June 16, 2017 -
Labor, lot shortages drive builder optimism down in June
The decline reflects builders' frustration with an inability to find skilled labor and a shortage of lots, though their overall confidence in the market remains high.
By Mary Tyler March • June 15, 2017
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