Report: CA residents fleeing state amid soaring housing costs

Between 2007 and 2014, California lost a net 625,000 residents, largely due to the lack of affordable housing, according to the report by Beacon Economics.

By Kim Slowey • March 7, 2016

AGC: Construction job growth slows as nonresidential sector has 'run out of people to hire'

The industry added 19,000 jobs in February, and the number of unemployed workers fell to the industry's lowest rate since tracking began in 2000.

By Emily Peiffer • March 4, 2016

Zillow: Millennials, non-white Americans keeping homeownership dream alive

The real estate site said millennials and Hispanics in particular are adding to the overall confidence in the housing market.

By Kim Slowey • March 3, 2016

Report: Lenders tightening purse strings on multifamily construction loans

NREI said lenders are becoming more cautious due to concerns regarding the abundance of new apartments now under construction, new bank regulations and warnings from regulators.

By Kim Slowey • March 2, 2016

Construction spending surges to 8-year high

January's results far surpassed predictions and offered a strong sign of growth for the industry.

By Emily Peiffer • March 1, 2016

Redfin: High rents driving 1 in 4 buyers to homeownership

Low inventory and rising home prices are also making homebuyers more competitive in the buying process.

By Kim Slowey • March 1, 2016

CoreLogic: Home prices climb higher than expected

Chief Economist Frank Nothaft said "the contours of the home price recovery are shifting," as the Northwest and Rocky Mountain states represented four of the top five states for price appreciation.

By Emily Peiffer • March 1, 2016

NAR: Pending home sales slide as tight inventory makes homeownership an 'uphill climb'

Chief Economist Lawrence Yun said January's decline was likely due to a winter storm in the Northeast, home price growth, and a lack of housing inventory.

By Emily Peiffer • Feb. 29, 2016

'Who can be the catalyst?' Forum explores roots of construction labor shortage, and 4 solutions

One expert during HomeAdvisor's Insights Forum said a pivotal obstacle hindering the return of the missing workers is the fact that society has "denigrated the nobility of the trades."

By Emily Peiffer • Feb. 29, 2016

JLL calls South the 'new frontier' for US construction, industrial sector the 'shining star'

The firm said growth in 2016 construction starts will slow compared to last year but will still outpace the overall economy.

By Kim Slowey • Feb. 29, 2016

Realtor.com: 20 hottest housing markets in Feb.

California dominated the list with 12 out of 20 markets, followed by Colorado and Florida.

By Kim Slowey • Feb. 29, 2016

NYC finds loss of women, minorities from construction workforce 'concerning'

A New York Building Congress analysis found that Asian and black representation in the city's building industry fell 1% in 2014, while the percentage of women dipped 2%.

By Kim Slowey • Feb. 25, 2016

Bay Area housing bubble fears intensify as new construction fails to meet demand

The housing crunch has pushed San Francisco area residents and officials to initiate conversations about affordable housing solutions.

By Kim Slowey • Feb. 25, 2016

New home sales tumble 9% in Jan., led by staggering 32% plunge in the West

The major decline in the West was likely due to the region's lack of inventory and sharp rise in home prices.

By Emily Peiffer • Feb. 24, 2016

Jan. existing home sales beat expectations — but soaring prices cause concern

On a positive note, the NAR found that share of first-time buyers held steady at 32% in January for the second-straight month — and 4% higher than in January 2015.

By Emily Peiffer • Feb. 23, 2016

HomeAdvisor: Labor shortage exacerbated by 'generational imbalance' in construction industry

The survey found that 61% of respondents believe a lack of exposure to the skilled labor field is preventing younger generations from entering the trades.

By Kim Slowey • Feb. 23, 2016

Dodge Data: Jan. starts up 2% as construction is 'gradually regaining upward momentum'

A 5% bump in residential building offset declines in both the nonresidential and nonbuilding sectors.

By Kim Slowey • Feb. 22, 2016

Survey: Decline in undocumented immigration pushing up construction, housing costs

Zillow found that 30% of respondents cited the dwindling numbers of immigrants as the cause of the ongoing concern of a lack of housing inventory.

By Kim Slowey • Feb. 18, 2016

Reis: Apartment rents to rise at a more moderate pace in 2016

The reseach firm said it expects developers to bring more apartments online this year than in 2015, pushing the vacancy rate up.

By Kim Slowey • Feb. 18, 2016

City slickers: Why urban centers are drawing 'population bookends' of millennials, baby boomers

One expert told Construction Dive the fact that two such diverse cohorts are thriving in the same urban neighborhoods is "that golden moment where the two ends of the demographic spectrum have met."

By Kim Slowey • Feb. 18, 2016

ABC: 'Set of extraordinary circumstances' prompts 7-month slide in construction material prices

The association's chief economist said he expects construction input prices to remain low in the near future, as slow global economies will keep material costs down.

By Emily Peiffer • Feb. 17, 2016

Architectural billings slip as 'rocky' economic conditions impact design sector

Multifamily residential came out on top in the AIA index, with a score of 51.9, followed by commercial/industrial at 50.5, institutional at 49.9, and mixed-practice at 49.0.

By Emily Peiffer • Feb. 17, 2016

Housing starts unexpectedly fall 3.8% to 3-month low

Experts attributed the decline to the severe winter storm on the East Coast in January, as well as reluctance from some buyers to take the leap into homeownership. 

By Emily Peiffer • Feb. 17, 2016

Housing Market Index tumbles as builders are 'reflecting consumers' concerns'

The NAHB attributed February's dip in builder confidence to the ongoing problems of a lack of skilled labor and available land. 

By Emily Peiffer • Feb. 16, 2016

Missing millennials: Housing market hindered by absence of 2M young adults

The NAHB found that as of 2014, more than 20% of young adults, or 8.8 million, lived with their parents or parents-in-law — up from 12%, or 4.6 million, in 2000.

By Kim Slowey • Feb. 16, 2016