Economy: Page
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Existing-home sales hit highest level in nearly a decade
The strong report surprised analysts, who forecast sales to drop slightly in November.
By Hallie Busta • Dec. 21, 2016 -
Architecture billings stagnant in November as industry awaits effect of Trump presidency
November marked the second-consecutive month of increasing demand for design services.
By Emily Peiffer • Dec. 21, 2016 -
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 -
Houston's housing market could be heating up again
Developer Long Lake Ltd. is planning its third community there and is optimistic for future demand in the energy-driven, cyclical region.
By Jeff Marcus • Dec. 21, 2016 -
US housing market value hits highest level since mid-2000s
Further mortgage interest rate increases could hamper growth, however.
By Sean Barry • Dec. 21, 2016 -
Proposed CA bill would end tax break on second homes to fund affordable housing
Impacting roughly 31,000 Californians to the tune of $300 million, the move would direct the funds to a current program that finances affordable housing through tax credits.
By Sean Barry • Dec. 21, 2016 -
US mortgage rates continue to climb
The latest Freddie Mac survey was compiled before the Federal Reserve Board’s decision last week to raise interest rates.
By Sean Barry • Dec. 20, 2016 -
ConstructConnect: November nonresidential starts plunge 22%
Despite the unusually steep decline last month, year-to-date construction starts were still up 8%.
By Kim Slowey • Dec. 20, 2016 -
MO governor-elect blasts public funding plan for St. Louis soccer stadium
The proposal would require up to $80 million from taxpayers for a 20,000-seat, $200 million MLS stadium.
By Kim Slowey • Dec. 20, 2016 -
Pew: US homeownership rate drop sharper for younger households
Much of the decline comes from fewer renters becoming homeowners rather than homeowners leaving the market due to financial troubles.
By Sean Barry • Dec. 20, 2016 -
Deep Dive
The 10 biggest housing stories of 2016
From new regulations and major deals to the industry’s reaction to the presidential election, the impact of these stories will be felt into 2017.
By Hallie Busta • Dec. 20, 2016 -
Redfin: Home prices up 7.7% in November
The Federal Reserve's recent move to raise interest rates shouldn't "significantly dampen" homebuyer enthusiasm, Redfin Chief Economist Nela Richardson said.
By Sean Barry • Dec. 19, 2016 -
Zillow: The number of home mortgages underwater continues to decline
Increases in home values are helping to reduce the amount of negative equity in the U.S. housing market, but it’s still a concern.
By Jeff Marcus • Dec. 19, 2016 -
AGC: 29 states add construction jobs in November
The slight rise in month-to-month employment was due to demand in the residential and public works sectors.
By Kim Slowey • Dec. 19, 2016 -
First multifamily project opens under MA's Workforce Housing Initiative
Located north of Boston, the 71-unit project will provide transit-oriented housing for low- and middle-income households.
By Sean Barry • Dec. 16, 2016 -
Housing starts plummet in November
The report was weaker than analysts had expected, as the market slowed after October's surge.
By Hallie Busta • Dec. 16, 2016 -
Builder optimism hits highest level since July 2005
National Association of Home Builders Chairman Ed Brady attributed December's high mark in the monthly Housing Market Index to a "post-election bounce."
By Hallie Busta • Dec. 15, 2016 -
NAR: Consumer homebuying sentiment dips in Q4
Fewer renters and homeowners think now is a good time to purchase a home than a year ago.
By Hallie Busta • Dec. 15, 2016 -
First-time homebuyers fight low inventory, affordability woes in Q4
Starter-home inventory dropped the most in three years, according to Trulia.
By Jeff Marcus • Dec. 15, 2016 -
Deep Dive
The single female homebuyer is back — and she's here to stay
Here's what builders need to know about this burgeoning buyer segment.
By Sean Barry • Dec. 15, 2016 -
ABC: Construction material price drop 'the calm before the storm'
Material prices fell 0.5% between October and November, marking the steepest drop since February.
By Emily Peiffer • Dec. 14, 2016 -
Federal Reserve raises interest rates for the second time in a decade
The Fed raised benchmark interest rates Wednesday in a widely anticipated move.
By Hallie Busta • Dec. 14, 2016 -
Zillow: Loan activity strong despite current, pending mortgage rate increases
Still, uncertainty surrounds the impact of an expected short-term interest rate hike by the Federal Reserve Board today.
By Sean Barry • Dec. 14, 2016 -
Moody's forecasts a positive outlook for homebuilding, products in 2017
Builder revenues are expected to rise at an annual rate of more than 10% for the next 12 to 18 months.
By Sean Barry • Dec. 14, 2016 -
Redfin: 2017 to see faster home sales
New technology and more short-notice tours will keep homes on the market for fewer days next year.
By Sean Barry • Dec. 14, 2016 -
New York University's Furman Center launches affordable housing tracker
The online tool draws data from city, state and federal sources to monitor the state of New York City's housing and neighborhoods.
By Sean Barry • Dec. 14, 2016
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