Economy: Page 95
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Construction employment flat despite surge in home starts, sales
As demand from first-time buyers picks up, hiring will follow a return to a normal pace of building, economists say.
By Sharon O'Malley • July 5, 2015 -
'Solid' growth in construction spending aids overall economic recovery
But the AGC cautioned that the industry’s ongoing labor shortage threatens to stunt further progress.
By Sharon O'Malley • July 2, 2015 -
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 -
Deep Dive
Multifamily circus: Is the rental sector's hot streak doomed to fizzle out?
Rental property owners have been riding high as the industry sees unprecedented growth, but some PCBC experts questioned whether the success is sustainable.
By Emily Peiffer • July 1, 2015 -
AGC: Infrastructure funding fiasco stifling construction employment growth
The number of metro areas that added industry jobs between May 2014 and May 2015 represented a two-year low.
By Sharon O'Malley • July 1, 2015 -
Student debt, little savings, limited selection; but first-timers still aim to buy homes
Speakers at an editors’ conference agree millennials face hurdles, but disagree on their biggest challenge.
By Sharon O'Malley • June 26, 2015 -
Harvard report: Homeownership plunges to 22-year low
Multifamily builders have stepped up to accommodate an unprecedented demand for rentals.
By Sharon O'Malley • June 24, 2015 -
Zillow report shows home prices increase 3% in May
The roller coaster market is transitioning from ‘recovery’ to ‘more normal’ – Zillow.
By Sharon O'Malley • June 24, 2015 -
First-time buyers boost May existing home sales to near 6-year high
The highly anticipated entrance of the new purchasers finally came to fruition in the NAR's recent report.
By Sharon O'Malley • June 23, 2015 -
Lagging Northeast picks up steam, dominates May construction employment growth
The AGC reported firms added positions in 28 states between April and May, but recovery in several states remains unstable.
By Sharon O'Malley • June 23, 2015 -
Deep Dive
Men (not) at work: Will construction's lingering labor shortage ever rebound?
Two million one-time workers are nowhere to be found. How can builders cope with the effects of the mass industry exodus?
By Sharon O'Malley • June 23, 2015 -
Construction design firm profits reach 6-year high
Still, the median for A/E companies remains below its 2007 peak and is not "an acceptable profit margin at all," according to the CEO of PSMJ Resources.
By Sharon O'Malley • June 22, 2015 -
RealtyTrac: Foreclosure filings reach 19-month high
May’s increase was driven by an uptick in bank repossessions.
By Sharon O'Malley • June 19, 2015 -
Power sector slowdown hinders pace of construction growth
FMI reported that building of manufacturing facilities is growing faster than all other industries.
By Sharon O'Malley • June 18, 2015 -
Construction industries dominate list of fastest-growing small businesses
Climbing spending and dwindling unemployment have made the sector a leader, according to Sageworks.
By Sharon O'Malley • June 18, 2015 -
Wells Fargo: Misconceptions of mortgage requirements deter potential new homebuyers
Still, 65% of the 2,016 adults polled said they believe homeownership “is a dream come true.”
By Sharon O'Malley • June 18, 2015 -
Renting poised to outpace ownership as new households form
The Urban Institute pointed to tight credit, student debt and a lack of interest as barriers for first-time homebuyers.
By Sharon O'Malley • June 15, 2015 -
TN law creates nonprofit corporation to recruit young construction workers
The Go Build Tennessee Act will fund the campaign with state revenue from contractor fines and license renewal fees.
By Sharon O'Malley • June 15, 2015 -
3 in 5 Americans believe housing crisis still lingering
Still, a growing number said homeownership is a good investment.
By Sharon O'Malley • June 15, 2015 -
Mortgage applications spike as buyers lock in slowly climbing rates
Despite last week’s increase in activity, applications for new home loans dropped in May.
By Sharon O'Malley • June 12, 2015 -
Fannie Mae: Consumers optimistic about buying, selling homes
Still, 46% believe it would be difficult to qualify for a mortgage, the May National Housing Survey found.
By Sharon O'Malley • June 10, 2015 -
CoreLogic: Foreclosure inventory dwindles, but still burdens 'too many families'
The number of homeowners with delinquent mortgages is double the pre-recession rate.
By Sharon O'Malley • June 10, 2015 -
Construction unemployment dips in 49 states
Wyoming and its neighbors have the lowest jobless rates in the industry.
By Sharon O'Malley • June 9, 2015 -
Construction sector adds 17K jobs in May
Industry unemployment fell to 6.7% as the national economy grew by 280,000 positions.
By Sharon O'Malley • June 8, 2015 -
Construction employment grows in majority of metro areas year-over-year
The rallying private sector has created jobs as federal funding for public projects lags, the AGC reported.
By Sharon O'Malley • June 4, 2015 -
Report: Senior citizens drowning in mortgage debt
Still, builders remain optimistic about the 55+ housing market.
By Sharon O'Malley • June 3, 2015
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