Economy: Page
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Home sales climb as prices moderate
Both figures could be good news for the housing economy.
By Sharon O'Malley • Aug. 26, 2015 -
Median San Francisco home price swells to $1.15M
That’s 225% more than a typical household in the area can afford, the California Association of Realtors reported.
By Sharon O'Malley • Aug. 25, 2015 -
Explore the Trendline➔
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TrendlineTop 5 stories from Construction Dive
Construction Dive editors curate some of the industry’s top stories from this year.
By Construction Dive staff -
Montgomery County Planning Commission
Will market turmoil keep Chinese investors from buying U.S. property?
The country's recent economic volatility has raised questions about the $29 billion-a-year that comes from those international sales.
By Sharon O'Malley • Aug. 25, 2015 -
Home prices hit new peaks in 13 metros
Black Knight found that across the U.S., values rose 0.9% in June.
By Sharon O'Malley • Aug. 25, 2015 -
Housing stocks fare worse than overall stock market
Of the major homebuilders, KB Home saw the greatest loss Monday. But the real impact could involve the Fed's impending interest rate hike decision.
By Emily Peiffer • Aug. 24, 2015 -
Booming Hawaii construction industry led by influx of commercial, industrial permits
A government report predicted the state's construction growth will continue into 2016.
By Sharon O'Malley • Aug. 24, 2015 -
Industry's 'uneven growth' continues as 28 states add construction jobs in July
The AGC reports that contractors are struggling to fill those newly created positions with qualified workers.
By Sharon O'Malley • Aug. 24, 2015 -
July foreclosure activity rises for 5th consecutive month
RealtyTrac found that most of it involved bank repossessions of homes that had been in the process for up to nearly two years.
By Sharon O'Malley • Aug. 21, 2015 -
Share of 1st-time buyers slides despite overall July existing-home sale growth
Some real estate agents have reported waning demand as tight inventory and rising prices have kept entry-level buyers out of the market.
By Sharon O'Malley • Aug. 21, 2015 -
Opinion
NAHB economist: Proposed DOL overtime regulations would exacerbate industry's labor woes
In a guest post, Robert Dietz examines the proposed new rules state-by-state and brings up concerns regarding their impact on stakeholders in the sector.
By Robert Dietz • Aug. 21, 2015 -
'Real estate to the rescue': Public builders rally in shaky stock market
Investors have warmed to homebuilder stocks in response to spikes in industry optimism and housing starts.
By Sharon O'Malley • Aug. 19, 2015 -
Volatile nonresidential construction starts plummet 27.7% in July
Nearly all sectors of the industry slowed down last month, with the only bright spots in government office and warehouse construction, the CMD Group found.
By Sharon O'Malley • Aug. 19, 2015 -
Single-family construction boosts July housing starts to near 8-year high
The Commerce Department reported a 12.8% increase of single-family groundbreakings, while multifamily fell 17%.
By Sharon O'Malley • Aug. 18, 2015 -
Zillow: First-time homebuyers renting for 6 years before buying
They are also older, less likely to be married and tend to spend more of their annual incomes on their first homes.
By Sharon O'Malley • Aug. 18, 2015 -
'Slow but steady': Homebuilder optimism rises slightly in August
An NAHB measure of industry confidence exceeded July’s number, which was the highest in nearly a decade.
By Sharon O'Malley • Aug. 18, 2015 -
Building material prices fall despite rising construction spending
That paradox is "unprecedented," an ABC economist said.
By Sharon O'Malley • Aug. 17, 2015 -
Americans spending a record-high percentage of income on rent
Even if interest rates climb to 6% next year, it will still be easier to pay a mortgage than a monthly rent, according to Zillow.
By Sharon O'Malley • Aug. 14, 2015 -
Construction job vacancies slide in June but remain high
The Bureau of Labor Statistics reported the industry currently has 143,000 empty positions.
By Sharon O'Malley • Aug. 13, 2015 -
CoreLogic: Despite slight bump in June, foreclosure inventory at near 8-year low
Those properties account for about 1.2% of homes with a mortgage.
By Sharon O'Malley • Aug. 13, 2015 -
Private construction industry's contribution to GDP dwindles
2014 proved to be a more difficult year for the industry than forecasters had initially predicted.
By Sharon O'Malley • Aug. 12, 2015 -
Fannie Mae: Consumer optimism toward housing market stumbles
Americans are pessimistic about their finances and the economy. But the survey did offer some good news regarding the number of people who would prefer to buy rather than rent.
By Sharon O'Malley • Aug. 10, 2015 -
Draining the talent pool? Construction sector adds 6K new jobs in July
Despite the seemingly positive report, the AGC cautions that filling those new positions continues to be a struggle, as unemployment in the industry dips to a 14-year low.
By Sharon O'Malley • Aug. 10, 2015 -
NAHB: Housing markets in 75 metros back to 'normal'
The number of building permits lags behind the progress of home prices and local employment.
By Sharon O'Malley • Aug. 7, 2015 -
Study: Student debt causes millennials to delay homeownership
A survey from Bankrate and a new book from the University of Kansas revealed that taking out loans for college has a long-term impact on the borrowers’ life decisions.
By Sharon O'Malley • Aug. 6, 2015 -
Deep Dive
The buyers are coming: 5 signs more applicants will qualify for mortgages
Fitch Ratings predicts "a steady easing" of credit requirements will allow more loan applicants to become first-time homeowners — which means good news for builders trying to reach the coveted customers.
By Sharon O'Malley • Aug. 4, 2015
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