Economy: Page 83
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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 -
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 -
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 -
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 -
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 -
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 -
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 -
Deep Dive
'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 -
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