Nonresidential construction backlog ends 2016 on a down note

The weak public sector was the primary driver of a 4% decline in the fourth quarter, according to the Associated Builders and Contractors.

By Kim Slowey • March 15, 2017

Multifamily completions set for cycle high in 2017

Growth in the category is expected to taper soon amid an oversupply in the luxury segment and rising demand for affordable units that is not being met.

By Sean Barry • March 15, 2017

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Labor

A roundup of articles about issues affecting the workforce.

By Construction Dive staff

Proposed $6B HUD budget cut could add to housing shortage

The funds could otherwise be used to bolster new construction and reduce regulatory delays that hold up affordable and market-rate projects, Trulia said.

By Sean Barry • March 15, 2017

CoreLogic: Residential foreclosures ease in 2016

Foreclosure rates are returning to pre-recession levels after peaking at 1.4 million homes, or 3.3% of the market, in September 2010.

By Sean Barry • March 15, 2017

Construction material prices continue to climb in February

While material costs posted moderate increases, experts say the economy is beginning to steady — likely bringing price stability with it.

By Mary Tyler March • March 14, 2017

Builders eye certifications, products for greener homes

Low-e windows, efficient HVAC systems and smart thermostats are the most common green products today, per a National Association of Home Builders report.

By Sean Barry • March 14, 2017

Rise in vacation rentals could be stressing HI housing stock

The volume of vacant and unavailable residential inventory has grown more than that of available units in recent years, according to the Hawaii Tourism Authority.

By Sean Barry • March 14, 2017

Downtown Seattle development hit record high in 2016

The $4.4 billion in investment last year was nearly four times the figure recorded in 2010, according to a report from the Downtown Seattle Association.

By Sean Barry • March 14, 2017

Report: More older adults are living in multigenerational homes

Builders and remodelers are responding to this growth with new or upgraded housing options to assist residents with aging in place and mobility needs.

By Sean Barry • March 14, 2017

NYC to convert Harlem bus depot to affordable housing project

The development will include up to 730 units to help alleviate the city's low-income housing shortage as well as a memorial for the historic African Burial Ground.

By Sean Barry • March 14, 2017

Report: San Diego soccer development could generate $2.8B annual economic boon

The proposed $2.5 billion SoccerCity complex would take the place of Qualcomm Stadium, the former home of the Chargers.

By Kim Slowey • March 14, 2017

38 states add construction jobs in January as firms fight to keep up with demand

Florida added the highest number of jobs for the month, while California saw the steepest decline.

By Kim Slowey • March 14, 2017

Excess apartment stock drives rents down in top US markets

Rent growth is slowing in some of the country's biggest cities as more inventory comes online, particularly in the luxury segment, according to Zumper.

By Hallie Busta • March 13, 2017

Los Angeles residential development surged in 2016

Construction activity there posted a strong year as developers raced to submit proposals before the Measure S vote — and it's showing no sign of slowing.  

By Mary Tyler March • March 13, 2017

Report: NYC union construction workforce more diverse, higher-earning than nonunion

Nonunion groups disputed the findings of the report, which was released as the city considers a controversial proposal requiring apprenticeships for certain work.

By Kim Slowey • March 13, 2017

Lightstone snags $305M construction loan for NYC residential tower

Meanwhile, funding for multifamily projects is getting harder to come by as the market in New York and other major U.S. cities responds to an oversupply of units.

By Hallie Busta • March 13, 2017

More millennials take up tech for home search, purchase

Although younger buyers are more likely to use online tools to start their mortgage application, one in three finish the process in person.

By Hallie Busta • March 13, 2017

Construction employment surges to 10-year high in February

The nonresidential sector contributed two-thirds of the 58,000 total industry jobs created last month.

By Mary Tyler March • March 10, 2017

It's a (home) buyer's market in some — but not all — US cities

Purchasing a home is more favorable than renting in 15 of 23 metros, according to an index kept by Florida Atlantic University and Florida International University.

By Hallie Busta • March 10, 2017

'Flipped' homes get older, smaller as recovery continues

Flipping homes can be good business for remodelers, many of whom relied on the practice during the downturn to bolster their income streams.

By Hallie Busta • March 10, 2017

Hudson Companies' 36-story condo tower set to rise in Brooklyn, NY

The new high-rise comes as the borough experiences a surge in construction activity amid an influx of high-earning residents.

By Hallie Busta • March 9, 2017

Housing shortage most acute for low-income families

Every state and metro in the U.S. is under-supplied, with Las Vegas, Los Angeles and Houston among the cities faring the worst, according to a new report.

By Sean Barry • March 9, 2017

WI I-39 project more than doubles in cost, nears $2B

Officials are considering tapping into the state's general fund as a way to finance road construction in the short-term.

By Kim Slowey • March 9, 2017

NJ weighs first-time buyer savings account

Such programs aim to help new buyers overcome one of the biggest hurdles to homeownership: affording the down payment.

By Hallie Busta • March 8, 2017

Generation X homebuying picks up while student debt remains a drag

A report from the National Association of Realtors joins data from Zillow and WalletHub to highlight pain points and major shifts in the homebuying market.

By Hallie Busta • March 8, 2017