Economy: Page 54
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CA housing affordability improves slightly in Q1
A state-wide inventory shortage and rising interest rates are slowing home-sales activity as median-priced homes become affordable to more potential buyers.
By Katy Tomasulo • May 17, 2017 -
Dallas housing market on pace for another record year
With the median home price in Dallas higher than the national median in Q1, analysts are concerned North Texas could lose its status as an affordable market.
By Mary Tyler March • May 17, 2017 -
Explore the Trendline➔
Permission granted by Associated General Contractors of America
TrendlineLabor
A roundup of articles about issues affecting the workforce.
By Construction Dive staff -
Multifamily cooldown a drag on housing starts in April
Meanwhile, single-family starts increased slightly from March and are 8.9% ahead of a year ago as builders race to meet housing demand.
By Mary Tyler March • May 16, 2017 -
Report: The impact of mortgage refinances on the housing crash
The prevalence of cash-out refinances made the category more likely than purchase loans to default ahead of the Great Recession, says the Urban Institute.
By Mary Tyler March • May 16, 2017 -
Study: Obama Presidential Center in Chicago to create 5K jobs during construction
The project, which will be complete by 2021, is expected to deliver a 10-year economic impact of $3.1 billion to the city.
By Kim Slowey • May 16, 2017 -
Home prices in US metros climb 6.9% in Q1
A shortage of for-sale housing and high demand in the nation's major cities continue to fuel home-price growth, according to the National Association of Realtors.
By Mary Tyler March • May 16, 2017 -
Buffalo, NY developer plans millennial housing
The project will use affordable rents, access to public transportation, electric vehicle charging and a wellness center to draw younger residents to the Rust Belt city.
By Katy Tomasulo • May 16, 2017 -
Tight inventory, strong demand drive builder optimism up in May
Builder confidence in the market for new single-family construction hit its second-highest level since the recession, per the National Association of Home Builders.
By Mary Tyler March • May 15, 2017 -
Developer scores $1.25B loan for NYC condo project
The Bjarke Ingels–designed Eleventh project will take up a full block in Manhattan's Chelsea neighborhood and will cost an estimated $1.9 billion.
By Kim Slowey • May 15, 2017 -
FL cities lead the best housing markets for first-time buyers
New buyers can expect to find low housing costs, sufficient inventory and potential for home-value growth in the Southeast and Midwest, according to Zillow.
By Mary Tyler March • May 15, 2017 -
Saudi Arabia considers $40B investment in US infrastructure
Saudi officials have said that President Donald Trump's $1 trillion infrastructure plan is attractive, as it could be a low-risk investment with healthy returns.
By Kim Slowey • May 15, 2017 -
Softwood lumber prices hit highest levels since 2004
The softwood lumber trade woes between the U.S. and Canada are a key driver of the steady price increases, according to the National Association of Home Builders.
By Katy Tomasulo • May 15, 2017 -
IL homebuilders criticize proposed tax on home repairs
The 6.25% duty would be an amendment to Senate Bill 9, which includes a host of other taxes, including those on manicures and movie streaming.
By Katy Tomasulo • May 15, 2017 -
San Francisco commits $44M to teacher housing
The project could provide up to 150 units for area educators in a city that ranks worst in the nation for housing affordability for teachers.
By Mary Tyler March • May 15, 2017 -
NYC residential permits soar in Q1 amid new property tax-break program
Between January and March, the city issued permits for 6,343 units — triple the number for the same period in 2016 and the most since 2007.
By Kim Slowey • May 12, 2017 -
Rising wages, steadying prices give housing affordability a boost in Q1
The most affordable markets remain in the Midwest and Rust Belt where employment opportunities have been slow to return.
By Mary Tyler March • May 12, 2017 -
Chase offers new mortgage borrowers 100K credit card points
Big banks are dishing up more perks to encourage prospective homebuyers, particularly millennials, to take out mortgage loans through them.
By Katy Tomasulo • May 12, 2017 -
Montgomery County Planning Commission
Suburban renters outnumber urban renters in most major US metros
Lower rents and access to urban job centers are drawing renters out of cities and into nearby suburbs — a trend that could further drive homebuying there.
By Mary Tyler March • May 12, 2017 -
Construction material prices continue to climb in April
With rising material and labor costs, owners today face less-favorable conditions for buying construction services than they have in recent years.
By Mary Tyler March • May 11, 2017 -
Boston construction activity booming with 14M square feet of development underway
That rapid pace has sparked concern that developers are creating a glut of luxury housing and office space in the city.
By Kim Slowey • May 11, 2017 -
Study: Construction workers in southern US lack employment benefits
The Workers Defense Project found that 40% of construction workers in Houston have no health insurance, retirement savings, paid vacations or sick leave.
By Kim Slowey • May 11, 2017 -
Midwest, East Coast have best millennial job, housing prospects
Recent college graduates can find the optimal balance between housing costs and earning potential in revived inland and coastal markets, according to a new study.
By Mary Tyler March • May 11, 2017 -
When will millennials move out of their parents' houses?
Rising home prices, slow job growth, high student debt and general risk-aversion are keeping them in a holding pattern for now, reports the Pew Research Center.
By Mary Tyler March • May 11, 2017 -
UPDATE: Tesla's solar shingles are now available for pre-order
The company says the system will cost roughly $21.85 per square foot and that it will include a mix of solar and non-solar shingles that look the same from the ground.
By Hallie Busta • May 10, 2017 -
Deep Dive
Round 1: What the latest Canadian lumber tariffs mean for US housing
A new tax on Canadian softwood lumber imports has the U.S. construction industry weighing supply and demand ahead of possible additional duties.
By Katy Tomasulo • May 10, 2017
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