Economy: Page 81
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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 -
AIA: Demand for architecture services 'solid across the board'
The Architectural Billings Index surged to its highest level in almost a year and has remained in positive territory for four consecutive months.
By Emily Peiffer • June 22, 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 -
Existing home sales rise to fastest pace in 9 years; median sales price reaches all-time high
The NAR said the record-high price is the result of tight inventory, as there is "a glaring need" for new home construction.
By Emily Peiffer • June 22, 2016 -
ABC: Construction backlog for largest US contractors soars to record-breaking pace
While nationally, the largest nonresidential contractors are experiencing backlogs as high as 12 months, the Southern region hit a new backlog high of 10 months.
By Kim Slowey • June 22, 2016 -
Housing crisis not over for US minorities
Housing advocates say minorities were hit harder in the housing crash, and those circumstances have knocked a good deal of the minority population into rentals.
By Kim Slowey • June 21, 2016 -
Urban Institute: Only 6 homes built per 10 new households
The organization said governments at all levels need policy changes to encourage new construction, boost lending and make rents more affordable.
By Kim Slowey • June 20, 2016 -
AGC: 'Only a matter of time' before construction labor shortage cripples broader US economy
The fact that only 19 states added construction jobs in May signals that talent shortages are impacting growth in the building industry.
By Kim Slowey • June 20, 2016 -
Housing starts plateau in May — but single-family construction inches up
Despite the slight slide in new residential construction, May's bump in building permits signals that the market will continue to gain momentum.
By Emily Peiffer • June 17, 2016 -
Homebuilder confidence breaks stagnant trend with 2-point rise in June
All three elements within the NAHB/Wells Fargo HMI increased, with sales expectations for the next six months surging five points.
By Emily Peiffer • June 16, 2016 -
Report: Global infrastructure faces $350B annual shortfall, but major nations are slashing spending
The McKinsey Global Institute said new infrastructure can serve as a way to "jolt" some struggling economies back into growth.
By Kim Slowey • June 16, 2016 -
San Antonio, Nashville top Zillow homeownership 'sweet spots' list
The top housing markets on the list have a short "breakeven horizon," as well as rising income and job growth.
By Kim Slowey • June 16, 2016 -
ABC: Construction material prices continue climbing as cost bump 'had to happen'
May marked the third consecutive month of increases in construction industry inputs in the Producer Price Index.
By Emily Peiffer • June 15, 2016 -
Plunging oil prices slam the brakes on 35-acre TX mixed-use project
The price drop has resulted in empty office space and plummeting demand for new development in Houston's "Energy Corridor."
By Kim Slowey • June 15, 2016 -
NAR survey: 71% of potential homebuyers with student debt sidelined from market
Of those who said homeownership was out of reach because of student debt, more than 50% said a home purchase would be delayed by more than five years.
By Kim Slowey • June 14, 2016 -
NC, VA planning $1B, 213-mile interstate highway
The 20-year project has local, state and federal support, but officials have not yet determined a timeline for construction or a funding plan.
By Kim Slowey • June 13, 2016 -
NAHB: Number of unfilled construction jobs remains high at 200K
The consistently high figure coincides with a January survery in which builders said their primary concern in 2016 was finding enough skilled workers.
By Kim Slowey • June 13, 2016 -
5 most overvalued and undervalued US housing markets
Analysts from Fitch Ratings U.S. RMBS group said this valuation of housing markets was largely reliant on each city's job market, according to Forbes.
By Kim Slowey • June 10, 2016 -
Commercial construction planning drives 2.4% rise in Dodge Momentum Index
May's strong uptick in commercial planning made up for a disappointing 3.4% slide in the institutional category.
By Kim Slowey • June 8, 2016 -
Economic slowdown in Bay Area triggers 'cooling of a desperately overheated' luxury market
A report found the slowdown in San Francisco's startup and IPO market — as well as the area's first employment dip in six years — is starting to hit homeowners.
By Kim Slowey • June 8, 2016 -
Report: NYC banked $61B in economic benefit from 2015 construction activity
The New York Building Congress also reported that construction in the city last year created more than 300,000 construction and ancillary jobs.
By Kim Slowey • June 8, 2016 -
Redfin survey: 27% of homebuyers believe presidential election could hurt housing market
However, the real estate firm noted that regardless of the winner, it is unlikely there would be an immediate impact on the market after the election.
By Kim Slowey • June 8, 2016 -
CoreLogic: Low mortgage rates, tight inventory propel 1.8% hike in home prices
However, experts predict increased new construction activity and rising rates will slow down price appreciation in the coming months.
By Emily Peiffer • June 7, 2016 -
Construction loses 15K jobs as labor shortage begins to 'undermine' industry's growth
May's steep decline coincided with predictions that construction companies are running out of qualified workers to hire, according to the AGC.
By Emily Peiffer • June 3, 2016 -
Top 10 cities for millennial homebuyers
Despite low mortgage rates, robust job numbers and rising incomes, millennials still have a relatively low homeownership rate, according to the NAR.
By Kim Slowey • June 3, 2016 -
April construction spending plummets 1.8% as all sectors tumble
Last month's spending slide marks the largest dip in five years and contradicts recent positive economic reports.
By Emily Peiffer • June 1, 2016
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