Economy: Page 84
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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 -
Deep Dive
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 -
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 -
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 -
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 -
CMD: Jan. construction starts beat expectations, jump 9.8%
The research group said December-to-January starts typically decrease by 8.5%, so last month's bump represents a significant departure from the norm.
By Kim Slowey • 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 -
Consensus Forecast: Nonresidential construction spending to rise 8% in 2016
The report, which combines predictions from seven industry forecasters, expects strong 2016 nonresidential spending to result from significant demand in most subsectors.
By Kim Slowey • Feb. 12, 2016 -
NAR: 'Unshakeable trend of inadequate' housing inventory crippling homeownership growth
The fourth quarter 2015 NAR report found the price for a median existing single-family home increased in 81% of the measured markets.
By Kim Slowey • Feb. 11, 2016 -
Report: Optimism toward owning a home dwindling amid rising prices, stagnant wages
Only 31% of the 1,000 participants in Fannie Mae's Home Purchase Sentiment Index survey said they believed it was a good time to buy a home.
By Kim Slowey • Feb. 11, 2016 -
Gilbane: Labor concerns loom over nonresidential 'spending boom'
The company predicted total construction spending growth from 2014 to 2016 may reach 30% — setting a new record-high growth period.
By Kim Slowey • Feb. 10, 2016 -
NAR: 2016 commercial real estate market to continue expanding as prices moderate
The report predicted that as more apartments become available, vacancies in that sector should rise slightly, but all other property types should see a slight decline in vacancies through 2016.
By Kim Slowey • Feb. 8, 2016 -
Construction sector adds 18K jobs as hiring surge slows
Within the industry, employment in the nonresidential sector declined by 2,300 jobs in January, and the residential sector added 20,100 jobs, according to the AGC.
By Emily Peiffer • Feb. 5, 2016 -
CMD: US construction starts to 'pick up the pace' in 2016 with predicted 6.5% bump
Higher demand for single-family homes over multifamily homes will likely drive residential starts over the next several years.
By Kim Slowey • Feb. 5, 2016 -
Mortenson: Nonresidential construction costs expected to rise 3%-4% in 2016
The company reported that construction employment has leveled off in several of their tracked markets, but nonresidential building activity is healthy.
By Kim Slowey • Feb. 5, 2016 -
Zillow: Benefits of homeownership pass renting in average of 2 years
However, the real estate site noted that milennials who keep a job for about three years might be better off renting in the short-term.
By Kim Slowey • Feb. 5, 2016 -
CoreLogic: Home prices up 0.8%, but slowdown likely ahead
December's increase was significantly higher than CoreLogic's prediction last month of no change between November and December.
By Emily Peiffer • Feb. 2, 2016 -
Construction spending inches up 0.1% as homebuilding offsets weak nonresidential performance
On the bright side, total spending for 2015 reached its highest level in eight years.
By Emily Peiffer • Feb. 1, 2016 -
Zillow: Burgeoning city living trend 'will change some suburbs as we know them'
Urban home values rose 7.5% nationally in 2015, while suburban home values rose only 5.9%, according to the real estate site.
By Kim Slowey • Feb. 1, 2016 -
Rallying after rock bottom: Homeownership rate up slightly to 63.8%
"The homeownership rate has found a floor," one economist told Bloomberg.
By Kim Slowey • Jan. 29, 2016 -
NAR: Pending home sales inch up 0.1% as inventory still 'grossly inadequate'
The Northeast was the only region to see an increase in pending sales last month, due to warmer weather and better inventory conditions.
By Emily Peiffer • Jan. 28, 2016 -
New home sales smash expectations, surge 10.8% in Dec.
The strong results continue this month's streak of positive housing market reports.
By Emily Peiffer • Jan. 27, 2016