Economy: Page 80
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Housing starts up, indicating 'gradual recovery'
July's housing starts, according to the National Association of Homebuilders, represents a "cautious pace" of building activity.
By Kim Slowey • July 19, 2016 -
NAHB: Homebuilder confidence slips 1 point in July
Despite the a slight dip, the association reported that it was still in a "narrow positive range."
By Kim Slowey • July 19, 2016 -
Explore the Trendlineâž”
Permission granted by Associated General Contractors of America
TrendlineLabor
A roundup of articles about issues affecting the workforce.
By Construction Dive staff -
NAR: Renters with student debt hesitant on homeownership
The emotional and financial strain of repaying student loans are leaving young people out of the housing market and out of homebuilders' reach.
By Kim Slowey • July 15, 2016 -
ABC: Rise in material prices 'translates into smaller profit margins' for construction companies
The higher price of materials combined with growing labor costs could lead some developers to speed up their projects.
By Emily Peiffer • July 14, 2016 -
June construction starts up 4% — but seasonal decline is on the horizon
ConstructConnect reported that July will most likely see the last of the seasonal increases in nonresidential construction starts.
By Kim Slowey • July 14, 2016 -
Apartment demand rebounds as supply struggles to keep pace
The percentage of vacant apartments fell to a post-recession low of 3.8% in Q2, but researchers said that rate will rise when developers build more units.
By Kim Slowey • July 14, 2016 -
Commercial, institutional sectors drive 11% surge in Dodge Momentum Index
However, Dodge warned that the Index's volatility could continue, depending on the broader U.S. economy as well as the outcomes of the November elections.
By Kim Slowey • July 11, 2016 -
Construction employment stagnant in June as unemployment rate falls to 16-year low
With June marking the third consecutive month without job gains, construction groups point to the skilled labor shortage as a factor hindering industry expansion.
By Kim Slowey • July 11, 2016 -
Low inventory will continue to plague housing market through 2016
May single-family-home groundbreakings were only an annualized 1.138 million, well short of the 1.5 million Forbes reported is necessary to meet demand.
By Kim Slowey • July 8, 2016 -
Deep Dive
Why minority homeownership rates plunged after the housing crash — and how to reverse the trend
One study found that during the recession, "race was the leading explanation for why people lost homes they owned and turned back to rentals."
By Kim Slowey • July 7, 2016 -
CoreLogic: Housing is 'oasis of stability' with 1.3% May home price gain
The data company said the steady price growth is due to fast-paced resale activity and the limited supply of available homes on the market.
By Emily Peiffer • July 5, 2016 -
Floundering public sector drags total US construction spending down 0.8%
Despite the month-to-month decline, May construction spending was still 2.8% higher than May 2015.
By Emily Peiffer • July 1, 2016 -
Redfin: Housing demand slips as buyers struggle to find available properties
Frustrated by low inventory, potential homebuyers wrote 4.5% fewer offers year over year in May, the third straight month of declines.
By Kim Slowey • July 1, 2016 -
64% spike in rents since 1960 far outpaces income growth
Higher construction costs, regulations preventing development and increased demand in expensive cities have contributed to the rise, according to The Wall Street Journal.
By Kim Slowey • June 30, 2016 -
Booming US hotel construction surpasses all other countries
In the U.S. hotel market, New York City leads the way with 32,136 rooms under construction through the end of Q1.
By Kim Slowey • June 30, 2016 -
Pending home sales tumble 3.7% as demand far outpaces supply
May's rate was 0.2% lower than May 2015 — marking the first time in nearly two years that pending sales declined year over year.
By Emily Peiffer • June 29, 2016 -
NYC construction boom drives 7% bump in 2015 industry employment
City construction workers also saw their wages increase by 3%, the largest year-over-year rise since 2008, according to the New York Building Congress.
By Kim Slowey • June 29, 2016 -
NAHB: Growing number of builders plagued by skilled labor, subcontractor shortages
The current labor crisis has proven to be more severe than past ones, especially in the face of fewer single-family home starts than in previous years.
By Kim Slowey • June 29, 2016 -
10 most stable US housing markets
Boulder, CO, topped the list of the best markets for growth and stability, according to SmartAsset.
By Kim Slowey • June 29, 2016 -
How Brexit will impact the US housing market
The U.S. could see an influx of foreign buyers looking to pull out of the U.K. after the move, according to NAR Chief Economist Lawrence Yun.
By Kim Slowey • June 28, 2016 -
Dodge Data: 5% rise in construction starts buoyed by public works, utilities
Chief Economist Robert Murray said the month-to-month starts pattern continued to be "uneven," but overall starts have logged annual increases since 2010.
By Kim Slowey • June 27, 2016 -
Zillow: Starter home values growing at twice the pace of higher-end market
A 9% drop in starter home inventory combined with an 8% year-over-year rise in home values has resulted in an environment of stiff competition and bidding wars.
By Kim Slowey • June 27, 2016 -
20 hottest housing markets in June
Realtor.com Chief Economist Jonathan Smoke said pent-up demand and low inventory continued to push home prices higher this month.
By Kim Slowey • June 24, 2016 -
Montgomery County Planning Commission
New home sales slide 6%, offer reprieve from April's 'unsustainable' level
Despite last month's dip, May's rate of new single-family sales was still 8.7% above May 2015.
By Emily Peiffer • June 23, 2016 -
Seattle building boom reaches record-breaking pace with $3.5B in new construction underway
The city currently has 65 major projects under construction downtown, and approximately two-thirds of those are residential.
By Kim Slowey • June 23, 2016
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