Economy: Page
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Home prices edge toward new high in November
Values were 0.3% off of the peak set in June 2006, according to a new report from Black Knight Financial Services.
By Sean Barry • Jan. 31, 2017 -
AIA Consensus Forecast points to strong 2017 nonresidential construction market
The commercial sector — in particular office construction — will drive this year's growth, while economists expect the institutional segment to surge in 2018.
By Kim Slowey • Jan. 31, 2017 -
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 -
Blackstone's Invitation Homes gets $1B loan from Fannie Mae
The loan offers longer-term support to single-family rental operators as they manage portfolios amassed during and after the recession.
By Sean Barry • Jan. 31, 2017 -
Pending home sales rise 1.6% in December despite tight inventory and rising interest rates
Gains in the South and West were balanced by declines in the Northeast and Midwest, the National Association of Realtors reported.
By Mary Tyler March • Jan. 30, 2017 -
Realtor.com: CA cities lead January's hottest housing markets
Despite typically being a slow month for buying activity, January saw homes sell 4% faster compared to a year ago as supply races to keep up with demand.
By Sean Barry • Jan. 30, 2017 -
Caterpillar lowers 2017 forecast amid declining global construction demand
The equipment giant is in the midst of a massive restructuring that has seen the company shed approximately 16,000 employees.
By Kim Slowey • Jan. 30, 2017 -
NAHB: Housing's share of GDP shrinks slightly in Q3
Despite the third-quarter lag in residential fixed investments, initial estimates for the fourth quarter suggest an upturn in the category.
By Sean Barry • Jan. 30, 2017 -
Construction union membership inches up in 2016
Wages of union-represented workers increased 0.2% less than their nonunion counterparts last year but were 47% higher overall.
By Kim Slowey • Jan. 30, 2017 -
Zillow: Large metros have the biggest housing affordability gaps
Pockets of lower-cost housing can be found even in the priciest markets, but buyers there face trade-offs in commute times and amenities.
By Sean Barry • Jan. 30, 2017 -
Home flipping is on the rise — and that could be a good thing
Home price increases are drawing investors with the promise of a greater return on investment, with flippers more likely to renovate homes than resell them as-is.
By Sean Barry • Jan. 27, 2017 -
Tight inventory pulls new-home sales down 10.4% in December
The figure missed analyst expectations for a smaller decline as supply-side conditions threaten to slow activity in the market.
By Mary Tyler March • Jan. 26, 2017 -
Multifamily developers shoulder higher costs to build near transit
Limited competition and high rents make transit-oriented developments attractive in the face of concerns over rising construction costs and overbuilding.
By Sean Barry • Jan. 26, 2017 -
Will millennials stay in cities for the long haul?
How the largest living generation will approach homeownership is only beginning to play out.
By Sean Barry • Jan. 26, 2017 -
NAHB: More builders expect lot, labor shortages in 2017
As symptoms of the housing market's lengthy recovery, these and other headwinds are adding costs and extending project timelines.
By Sean Barry • Jan. 26, 2017 -
McKinsey: Humans shouldn't sit out the automation transition
Leveraging the technology to simplify individual tasks, versus replacing entire job classes, is key to reaping its benefits.
By Chris Wood • Jan. 25, 2017 -
Residential construction employment edges higher in December
The post-recession increase in specialty trade contractors has been greater than that of builders, the National Association of Home Builders reports.
By Sean Barry • Jan. 25, 2017 -
Is Los Angeles' density bonus program working? One official says no
City Controller Ron Galperin said the incentive is not supplying enough units to meet the city's affordable housing needs.
By Sean Barry • Jan. 25, 2017 -
Developers put brakes on Honolulu condo hotel tower amid cost, demand concerns
BlackSand Capital has said it is waiting for construction costs to lower before breaking ground.
By Sean Barry • Jan. 25, 2017 -
AGC: Only 25 states add construction jobs in December as worker pipeline dries up
The organization is urging President Donald Trump's administration to include workforce development in its proposed infrastructure initiatives.
By Kim Slowey • Jan. 25, 2017 -
Dodge Data: Construction starts fall 5% in December
Chief Economist Robert Murray said the construction industry should see the same slow rate of growth in 2017.
By Kim Slowey • Jan. 25, 2017 -
Existing-home sales dip in December but end 2016 on a high note
Tight inventory and increasing affordability concerns continue to obstruct buyers looking to break into the market.
By Mary Tyler March • Jan. 24, 2017 -
Homebuilders' post-election bump may be short-lived
The rise in builder stocks was on the downslide leading up to the inauguration amid uncertainty over mortgage rate increases and deregulation pledges.
By Sean Barry • Jan. 24, 2017 -
10 US cities undergoing major population shifts
Significant increases in home values and residents’ income and education levels are reshaping the housing market in these metros, Realtor.com reports.
By Sean Barry • Jan. 24, 2017 -
US home to the world's most affordable housing markets
While the West Coast garners headlines for its home-price increases, relative stability in the Midwest and Rust Belt could revive activity there, one report found.
By Sean Barry • Jan. 24, 2017 -
Suspension of FHA mortgage fee cut could leave thousands of buyers out in the cold
Industry observers worried the reduction, expected to save some homeowners $500 annually, would impact the solvency of the Mutual Mortgage Insurance Fund.
By Sean Barry • Jan. 24, 2017
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