Economy: Page 48
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Median construction worker age on par with US workforce — for now
Workers in the Northeast and parts of the Midwest are trending older, raising questions as to whether the industry is sufficiently preparing its labor pipeline.
By Mary Tyler March • June 8, 2017 -
Consumer confidence in buying a home falls to record low
However, the share of sellers saying now is a good time to sell a home reached a record high, according to Fannie Mae's latest Home Purchase Sentiment Index.
By Mary Tyler March • June 8, 2017 -
US industrial construction climbs to a 10-year high
E-commerce companies are largely driving the demand for built-to-suit, high-performance distribution centers.
By Kim Slowey • June 8, 2017 -
Dodge Momentum Index recovers lost ground in May
Economists predict the commercial segment will continue to grow, though at a slower pace and despite a cooldown in occupancies and rents.
By Kim Slowey • June 8, 2017 -
CO convention center expansion costs double to $233M
Officials attributed the cost increase to the skilled-labor shortage in Denver, climbing steel prices and building code requirements.
By Kim Slowey • June 8, 2017 -
Urban Institute: Cash buyers have the upper hand in today's appraisals process
Investors buying homes in all-cash deals are straining already-tight for-sale inventory and edging out entry-level buyers seeking mortgages.
By Mary Tyler March • June 7, 2017 -
NYC leads US metros with highest 'hidden' housing costs
Additional items like property tax rates, insurance and remodeling needs are often overlooked by first-time buyers when planning their home purchases.
By Katy Tomasulo • June 7, 2017 -
Top 5 cities for middle-income buyers
Tight inventory and rising housing prices are making it difficult for middle-class buyers to afford a home in some of the country’s largest cities.
By Katy Tomasulo • June 7, 2017 -
Developers score $115M loan for Miami condo project
Project officials overcame the tight lending environment by securing commitments for 70% of the complex's 342 units.
By Kim Slowey • June 7, 2017 -
Redfin: The cities with the biggest, smallest racial housing affordability gaps
While rising prices can be a drag when saving for a down payment, many middle-income Hispanic and black households, in particular, face additional challenges.
By Mary Tyler March • June 6, 2017 -
Rent growth slows in top US metros
Meanwhile, demand is heating up in midsize markets where apartment supply is tight, causing rents there to climb.
By Mary Tyler March • June 6, 2017 -
CoreLogic: Home prices lift 6.9% year-over-year in April
Price growth continues as limited inventory drives increased competition among prospective buyers.
By Mary Tyler March • June 6, 2017 -
Deep Dive
Moving up: How builders can address the needs of multigenerational households
As the age-old living arrangement returns to prominence, builders are responding with floor plans and features that aim to meet a range of needs under one roof.
By Debbie Reslock • June 6, 2017 -
TX builder Gehan Homes taps entry-level market with new Gray Point Homes brand
The company joins a growing group of builders targeting millennials with dedicated home products and communities, particularly across the U.S. South and Southwest.
By Katy Tomasulo • June 5, 2017 -
Inventory down, prices up in Manhattan and Brooklyn, NY
For-sale housing stock continues to be tight across New York City, but conditions there are more favorable than in the rest of the country — if only slightly.
By Katy Tomasulo • June 5, 2017 -
US residential solar takes a dip as business models change
Demand is expected to pick back up in 2018, as major installers shift from leasing systems to selling them and utilities press for changes to incentives.
By Mary Tyler March • June 5, 2017 -
CA passes legislation to spur affordable housing development
The package of bills would define how jurisdictions could approve or deny such projects as lawmakers contend with a critical housing shortage.
By Mary Tyler March • June 5, 2017 -
Construction employment gains momentum in May
The residential sector led the month's growth with 7,100 new positions reported.
By Mary Tyler March • June 2, 2017 -
CA leads most active housing markets in May
Meanwhile, Midland, TX, and Kennewick, WA, joined the top 10 as strong industries there propel population growth and residential and commercial development.
By Katy Tomasulo • June 2, 2017 -
After 9-year delay, 3K-home Sacramento, CA MPC moves forward
The revived project follows the lifting of a flood-related federal ban on construction in the area and a slow return to building.
By Katy Tomasulo • June 2, 2017 -
Owners are making moves in these housing markets
Colorado Springs, CO, Charleston, SC, and Raleigh, NC, have the greatest ratio of properties that are likely to sell in the next 30 days relative to overall stock.
By Mary Tyler March • June 2, 2017 -
Foreign investment in US housing could slow this year
Already, a lack of interest from international buyers is contributing to volatility in the luxury housing market.
By Mary Tyler March • June 1, 2017 -
Construction spending dips in April after 2017's strong start
On the positive side, April's spending figure is 6.7% ahead of last year, and spending in the first four months of 2017 is up 5.8% year-over-year.
By Mary Tyler March • June 1, 2017 -
Consumer confidence continues to slide in May
However, the index still reflects a positive economic outlook as home values, employment and wage growth all continue their upward trend.
By Katy Tomasulo • June 1, 2017 -
Rising rents, home prices discourage DC's would-be buyers
A host of new, rental-focused development in the District targets millennials, for whom near-term homeownership is typically a long shot.
By Mary Tyler March • June 1, 2017
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