Economy: Page 82
-
Zillow: Restrictive land regulations exacerbating tight housing inventory, rising rents
Rents in cities with looser land-use restrictions increased 6.1% over the last five years, but prices in cities with the tightest regulations rose 16.7%.
By Kim Slowey • April 13, 2016 -
10 best cities for first-time homebuyers
Realtor.com said the cities on its list offer millennials relief from high median home prices but still provide solid job growth and many hot-market amenities.
By Kim Slowey • April 12, 2016 -
Explore the Trendline➔
sandsun via Getty ImagesTrendlineTop 5 stories from Construction Dive
Construction Dive editors curate some of the industry’s top stories from this year.
By Construction Dive staff -
Plunge in institutional sector drags Dodge Momentum Index down 7%
The past year has seen a volatile up-and-down pattern in the Index, reflecting uneven growth in the economy, according to Dodge Data & Analytics.
By Kim Slowey • April 11, 2016 -
Lack of Generation X homeowners impeding market recovery
Gen Xers had only a 58.5% rate of homeownership in 2015, compared with the typical 65.8% average for that age group, according to The Wall Street Journal.
By Kim Slowey • April 11, 2016 -
Report: Housing bust triggered splintering of remodeling industry
However, firms with more than $1 million in annual revenue still take home 62% of remodeling dollars, according to the Harvard Joint Center for Housing Studies.
By Kim Slowey • April 8, 2016 -
NAR: Vacation home market cools amid heightened demand, lack of inventory
The survey found that although the vacation home market slowed in 2015, investment sales were at their highest level since 2007.
By Kim Slowey • April 7, 2016 -
CoreLogic: Home prices rise 1% as economy, tight inventory 'drive exceptionally strong gains'
February's price gain was higher than the company's prediction last month of a 0.5% rise.
By Kim Slowey • April 6, 2016 -
Report: San Francisco building 'boom' not easing housing crisis
Although new construction in the area is up, most of that activity is targeting the high end of the market, according to The San Francisco Chronicle.
By Kim Slowey • April 4, 2016 -
Construction adds 37K jobs as companies find ways to 'keep pace' with demand
March construction employment reached 6,672,000 — the highest number since December 2008 and 4.7% higher than March 2015, according to the AGC.
By Emily Peiffer • April 1, 2016 -
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 -
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 -
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 -
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