Economy: Page 87
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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 -
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 -
Explore the Trendline➔
Permission granted by Associated General Contractors of America
TrendlineLabor
A roundup of articles about issues affecting the workforce.
By Construction Dive staff -
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 -
AGC: 44 states added construction jobs in 2015 as 'demand for new projects rebounded'
However, the association cautioned that those numbers could be a result of workers leaving states negatively affected by low energy prices.
By Kim Slowey • Jan. 27, 2016 -
Dodge Data: Dec. construction starts up 4% with boost from residential sector
"The construction start statistics reveal continued expansion for construction activity during 2015, although the path over the course of the year was not smooth," Chief Economist Robert Murray said.
By Kim Slowey • Jan. 25, 2016 -
NAR: Dec. existing home sales rebound 14.7% after steep nosedive
Overall for 2015, existing home sales reached 5.26 million, the highest annual level since 2006.
By Kim Slowey • Jan. 25, 2016 -
2.5% dip in Dec. housing starts confounds economists
Single-family starts fell 3.3% in December, while multifamily fell 1%.
By Kim Slowey • Jan. 21, 2016 -
Deep Dive
IBS 2016: Optimism abounds as builders focus on millennials, improving economy
During the first day of the International Builders' Show, experts offered housing predictions for 2016, and builders showed off the millennial-targeted 2016 Responsive Home with virtual reality technology.
By Emily Peiffer • Jan. 20, 2016 -
NAHB: Builder confidence index remains at 60
January's HMI of 60 is in line with the NAHB's forecast of continued modest growth for the single-family home market.
By Kim Slowey • Jan. 20, 2016 -
Construction material price 'free fall' continues for 6th-straight month
The continued decline in prices was largely due to "global deflationary forces that have become increasingly apparent," ABC Chief Economist Anirban Basu said.
By Emily Peiffer • Jan. 15, 2016 -
CMD: Dec. starts down 6.9%, near seasonal decline
For 2015 overall, both the engineering and industrial categories saw increased starts, but commercial and institutional starts declined.
By Kim Slowey • Jan. 15, 2016 -
Inglewood mayor: Near-$3B Rams stadium to add 22K new construction jobs
In addition to employment gains, Inglewood, CA, Mayor James T. Butts said the city is in line to collect $13 million to $14 million in sales tax during construction.
By Kim Slowey • Jan. 15, 2016 -
Zillow: 10 hottest housing markets for 2016
The top three markets on the list are emerging tech areas and offer the potential for significant employment growth, according to the real estate site.
By Emily Peiffer • Jan. 12, 2016 -
JLL: Booming office market shows 'no signs of a slowdown'
The real estate research firm found that development continues to be concentrated in a handful of markets, with the top 10 markets accounting for 60 million square feet of the 88 million square feet underway.
By Kim Slowey • Jan. 12, 2016 -
Dodge Momentum Index bucks downward trend with 4.1% Dec. rebound
For 2015 as a whole, the index ended up 2.4% higher than 2014, but it was partially held back by a 6.7% decline in commercial projects.
By Kim Slowey • Jan. 11, 2016 -
Construction sector's addition of 45K jobs in Dec. a 'positive sign' for economy
Although industry unemployment grew slightly last month, ABC's chief economist noted the increase might be a welcome reprieve for an industry strapped by a tight labor supply.
By Emily Peiffer • Jan. 8, 2016 -
2016 housing market analyst predictions: Good year for homebuyers, bad for renters
Moody's Analytics Chief Economist Mark Zandi said that, unlike during the pre-bust housing bubble, home prices are on a more solid foundation.
By Kim Slowey • Jan. 8, 2016 -
71% of construction firms to boost headcount in 2016 — but labor shortage could 'undermine' recovery
A survey released by the Associated General Contractors of America found firms are slightly less optimistic than they were at the start of 2015 due largely to workforce concerns, increased competition and government regulations.
By Emily Peiffer • Jan. 6, 2016 -
NV housing boom or 'crisis'? Tesla, Faraday spark need for 40K new housing units
As more major companies move to Nevada, some local experts have expressed concern that builders are moving too slowly to meet the burgeoning demand.
By Kim Slowey • Jan. 6, 2016 -
Oil bust slows TX, ND home sales
Tens of thousands of workers have left for other industries or are unemployed in Texas and North Dakota since oil prices have dropped by more than half.
By Kim Slowey • Jan. 5, 2016 -
CoreLogic: Home price growth in a 'sweet spot' as Nov. prices rise 0.5%
The gain in November was higher than the slight 0.1% rise CoreLogic had predicted in its October report.
By Emily Peiffer • Jan. 5, 2016
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