Economy: Page 92
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SolarCity plant boosts Buffalo, NY, construction hires as region's industry employment soars
Despite the area's recent boom in construction hiring, the president of the local Building Trades Council said he isn't worried about finding workers to meet the demand.
By Kim Slowey • Sept. 28, 2015 -
Rise in new home sales points to continuing housing recovery
The August results beat out estimates by surveyed economists, who had expected a rate of 515,000.
By Deborah Barrington • Sept. 24, 2015 -
Explore the Trendline➔
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TrendlineLabor
A roundup of articles about issues affecting the workforce.
By Construction Dive staff -
AIA: Billings drop in August, volatility a key factor
The ABI figure indicates a decrease in design services, but an economist claims there is no cause for concern.
By Kim Slowey • Sept. 24, 2015 -
Milwaukee mayor signs deal giving $47M to new Bucks arena complex
The agreement paves the way for construction to begin on the $500 million basketball complex.
By Kim Slowey • Sept. 24, 2015 -
Global construction risk rises to 4-quarter high
The U.S. improved its risk profile on the index but was overshadowed by the poor performance of emerging nations.
By Kim Slowey • Sept. 24, 2015 -
Zillow: 'Slow' markets see staggering percentages of homes losing value
Across the U.S., homes appreciated an average of 3.3% between August 2014 and August 2015, while more than a quarter of properties lost value.
By Kim Slowey • Sept. 23, 2015 -
August existing home sales fall 4.8% amid rising prices, lack of inventory
Coupled with the recent report of a decline in August housing starts, does this report signal more bad news for the housing market's recovery?
By Kim Slowey • Sept. 22, 2015 -
Study: More than a quarter of U.S. renters spend half of income on housing
On the other hand, the percentage of households that spent 30% of their income on housing dropped in 2014 to a nine-year low.
By Kim Slowey • Sept. 22, 2015 -
Report: Immigration slowdown contributing to construction labor shortage
John Burns Real Estate Consulting said that many Mexican-born workers have not returned to the U.S. due to increased immigration controls and more job opportunities in Mexico.
By Kim Slowey • Sept. 22, 2015 -
AGC: Only 25 states added construction jobs in August as crippling worker shortage rages on
New Mexico lost the highest percentage of construction jobs between July and August, followed by Mississippi and Michigan.
By Kim Slowey • Sept. 21, 2015 -
Zillow: Student debt isn't 'evil-doer' to homeownership
However, the analysis doesn't contradict other reports that debt can cause people to delay the purchase of a home.
By Emily Peiffer • Sept. 18, 2015 -
CMD: August nonresidential construction starts plunge 24.7%
The research grup attributes part of the month's decline to a significant, upward adjustment in July’s figure from $22.4 billion to $26.3 billion.
By Kim Slowey • Sept. 18, 2015 -
Federal Reserve holds off on interest rate hike
A rate increase would have led to an almost certain rise in mortgage rates, but economists say the housing market is strong enough to handle a small rise — which will likely still happen this year.
By Emily Peiffer • Sept. 17, 2015 -
Housing starts slip 3% in August as slow market recovery continues
On the bright side, building permits — a predictor of future housing starts — rose 3.5% in August.
By Emily Peiffer • Sept. 17, 2015 -
Builder confidence inches up in September, reflecting housing market's 'solid progress'
But the NAHB noted that sales expectations for the next six months fell two points, as builders continue struggling to find qualified labor and available lots.
By Emily Peiffer • Sept. 16, 2015 -
Gilbane: Nonresidential spending growth on pace to eclipse 20% by end of 2015
But the rise in work volume could be offset by drops in productivity, as the ongoing labor shortage is still a "key constraint to economic growth."
By Emily Peiffer • Sept. 15, 2015 -
Construction material prices continue slide amid global economic turmoil
Only three of 11 input prices rose in August, the ABC reported.
By Emily Peiffer • Sept. 14, 2015 -
Zillow: Happy homeowners cautious about housing market's future
At the start of the year, 5.2 million renters said they planned to purchase a home in the next year, but that number has recently dipped to 4.9 million.
By Deborah Barrington • Sept. 11, 2015 -
Labor crisis aggravates workplace safety fears
The AGC found 86% of U.S. contractors are struggling to fill hourly craft jobs or salaried professional positions, and 15% are seeing a rise in injuries and illnesses due to a lack of available workers.
By Emily Peiffer • Sept. 11, 2015 -
NAR: 'Insufficient' new home construction lags behind job gains in most metro areas
An economist with the association warned that if builders don't start focusing more attention on filling the inventory gap, the housing market will continue to struggle.
By Emily Peiffer • Sept. 10, 2015 -
AGC pushes back against proposed DOL overtime changes
The contractor group joined a coalition of associations and businesses across industries to send a joint letter expressing concerns regarding the new regulations to the Department of Labor's Wage and Hour Division.
By Emily Peiffer • Sept. 9, 2015 -
ABC: Rise in unemployment could signal good news for labor shortage woes
Although a bump in unemployment numbers typically raise concerns, the ABC noted, "it’s not necessarily a bad sign for an industry that has been plagued by labor shortages."
By Emily Peiffer • Sept. 8, 2015 -
45% of single-family homes in DC, NY metro areas seeing values drop
The lower year-over-year prices, reported in the Weiss Residential Index, could signal that homebuyers are fed up with the increasing unattainability of entry-level houses.
By Emily Peiffer • Sept. 4, 2015 -
CoreLogic: Rising home prices reflect 'brisk rebound' in July sales
Prices in 15 states reached their highest points since CoreLogic started the index in 1976.
By Emily Peiffer • Sept. 3, 2015 -
Banks starting to loosen purse strings on homebuilder loans
The quarterly increase marks the ninth consecutive quarter of growth in AD&C loans, according to the NAHB.
By Emily Peiffer • Sept. 3, 2015
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