Construction spending slips 0.5% as nonresidential slide offsets homebuilding gains

On a positive note, overall spending in February was 10.3% higher than February 2015.

By Emily Peiffer • April 1, 2016

20 hottest housing markets in March

Realtor.com said median U.S. home prices are still rising, driven by the persistent lack of inventory.

By Kim Slowey • March 31, 2016

Home prices rise 5.4% year-over-year — double pace of inflation, wages

According to the latest S&P/Case-Shiller report, low housing inventory is continuing to force up home prices across the U.S.

By Kim Slowey • March 30, 2016

Pending home sales climb 3.5% to 7-month high

The NAR report coincides with the mostly positive housing market news throughout February, as the residential industry continues to see steady growth.

By Emily Peiffer • March 28, 2016

Zillow: Record home values signal market is 'no longer making up ground'

Home values in 26% of U.S. markets are at an all-time high, according to the real estate site.

By Kim Slowey • March 28, 2016

AGC: Feb. construction employment tepid as only 27 states add jobs

The downturn in the energy sector is still having a negative effect on industry employment in several states.

By Kim Slowey • March 28, 2016

New home sales rise 2% as market finds its footing

The gain in new home sales last month was led by a 38.5% surge in the West. 

By Emily Peiffer • March 23, 2016

Architectural billings inch up after wading into negative territory

The AIA expects the next few months to bring even stronger demand, as "March and April are traditionally the busiest months for architecture firms."

By Emily Peiffer • March 23, 2016

Dodge Data: Energy sector drives 10% gain in Feb. construction starts

However, if the up-and-down swings of the electric and gas categories were removed, total construction starts would actually be down 1% in February.

By Kim Slowey • March 22, 2016

Arrested development: Starter home inventory plummets 44% in last 4 years

Trulia found that in addition to the lack of inventory, a starter home will cost a buyer 5.6% more than it would have in 2012.

By Kim Slowey • March 22, 2016

Existing home sales tumble 7% as inventory, price concerns are 'burdening' potential buyers

Along with the dip in overall sales, the share of first-time buyers slipped to 30% last month — down from 32% in January but higher than the 29% rate in February 2015. 

By Emily Peiffer • March 21, 2016

NAHB: Construction job openings rise to post-recession high

The increasing number of unfilled positions in the industry reinforces concerns of the ongoing labor shortage.

By Kim Slowey • March 21, 2016

Arlington, VA, home to nation's largest concentration of wealthy boomers, millennials

Zillow also found a "halo effect" around high-paying economic centers that has resulted in millennials moving toward suburbs and satellite cities.

By Kim Slowey • March 18, 2016

Report: NYC construction costs double US average

The New York Building Congress found that despite the rise last year, cost increases have still not exceeded those during the building boom a decade ago.

By Kim Slowey • March 17, 2016

Report: Hispanic homeownership spikes in 2015 as demographic is 'ready to own'

With an increasing number of Hispanics jumping into the labor pool and forming new households, "the face of homeownership in America has changed," the report said.

By Kim Slowey • March 17, 2016

Single-family construction surge boosts housing starts to 5-month high

February housing starts, which rose 5.2% from January, were a whopping 30.9% higher than in February 2015.

By Emily Peiffer • March 16, 2016

Construction material prices slide for 8th-straight month

ABC Chief Economist Anirban Basu attributed the continued decline in prices to "weak global growth and the prospects of a strengthening U.S. dollar."

By Emily Peiffer • March 15, 2016

Builder confidence stabilizes after 'a soft start to the year'

The NAHB noted that, once again, availablity concerns for lots and labor continue to plague the residential industry.

By Emily Peiffer • March 15, 2016

AGC: Jan. employment up in 30 states as construction 'remains vibrant'

Year-over-year job losses in many states can be attributed to a decline in the energy sector, according to the association.

By Kim Slowey • March 15, 2016

CMD: Feb. nonresidential starts plummet 22.2% as seasonal decline catches up

Month-to-month starts were down in commercial, heavy engineering, industrial/manufacturing and even institutional.

By Kim Slowey • March 15, 2016

Total US housing value reaches $25.3T, finally recovering recession losses

Rising home costs could help ease tight inventory as more owners will be able to sell without losing money.

By Kim Slowey • March 11, 2016

'Frothy' housing market driving Hovnanian out of San Francisco

Hovnanian stock fell 15% after the company announced its move from the Bay area, as well as from other markets.

By Kim Slowey • March 10, 2016

NYC construction starts soar to $41B, but infrastructure spending not on pace

The phenomenal 2015 growth was led by residential construction, although the highest value projects were three commercial developments in Manhattan.

By Kim Slowey • March 10, 2016

Dodge Momentum Index inches up 0.5% with boost from commercial sector

February marked the third consecutive month with an increase in the Index, which predicts nonresidential construction spending for the coming year.

By Kim Slowey • March 8, 2016

Plunging oil prices jeopardizing 225 CA transportation projects

Low prices are reportedly taking a "catastrophic" toll on California highway projects, as the loss in gas tax revenue has reached $1.1 billion.

By Kim Slowey • March 8, 2016