Economy: Page
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Oil slump fails to dampen Texas real estate prices, sales
Home values in the Lone Star State reached a record high in the second quarter. But will the effects of the struggling economy soon catch up to the market?
By Sharon O'Malley • Aug. 4, 2015 -
Floundering power sector cripples June construction spending growth
The monthly number changed little since May, but year-over-year, spending reached near-record levels.
By Sharon O'Malley • Aug. 4, 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 -
ABC: Construction unemployment dips below 10% in all 50 states
But as contractors continue to struggle to fill jobs, they are creating fewer of them, the association reported.
By Sharon O'Malley • Aug. 3, 2015 -
Boston named 'healthiest' U.S. housing market
Las Vegas took last place in WalletHub's comparison of the ease of buying a home in 25 major metros.
By Sharon O'Malley • July 31, 2015 -
AGC: 127 cities lost construction jobs in past year
Still, 180 metros bolstered contractor payrolls, despite lack of congressional action on a long-term highway bill.
By Sharon O'Malley • July 30, 2015 -
Montgomery County Planning Commission
Homeownership plummets to 48-year low
If the rate slips just a little further — as economists warn is likely — it could set a new record low.
By Sharon O'Malley • July 29, 2015 -
Pace of home-price growth slows in May
Housing values rose year over year, but not as much as economists had forecast, Case-Shiller reported.
By Sharon O'Malley • July 29, 2015 -
Hispanics shut out of housing market by traditional measures of creditworthiness
Housing and consumer advocates have called on lenders to consider alternative ways to determine whether an applicant can repay a loan.
By Sharon O'Malley • July 28, 2015 -
Lenders tip-toe back into ADC market, with lots of conditions
After licking their wounds from the recession, banks are asking for more equity, smaller project sizes and very few spec homes.
By Sharon O'Malley • July 28, 2015 -
Unanticipated dip in June new home sales hampers industry optimism
The 6.8% decrease confirmed warnings from some economists, who said increasingly tight inventory would have a negative impact on the market.
By Emily Peiffer • July 24, 2015 -
Fannie Mae: Home sales to reach 8-year high in 2015
A pending interest rate increase will not trump job growth and rising consumer confidence, according to the agency.
By Sharon O'Malley • July 24, 2015 -
AGC: 'Troubling' stats reveal 25 states lost construction jobs in June
The association said the industry may be holding back on hiring because of uncertainty over long-term federal funding for highway work.
By Sharon O'Malley • July 23, 2015 -
Swelling demand boosts June existing home sales to 8-year high
The NAR reported home prices also rose as the market offers limited available inventory.
By Emily Peiffer • July 22, 2015 -
Zacks: High supply costs, lack of labor cripple homebuilding growth
The investment research firm reported that tight inventory, strict lenders and low oil prices are eating away at homebuilders’ gross margins.
By Sharon O'Malley • July 22, 2015 -
Foreclosure starts dip to pre-recession levels
RealtyTrac's report offered good news for the economy, as a dwindling inventory of foreclosed properties on the market is a sign of overall improvement.
By Sharon O'Malley • July 17, 2015 -
ABC: Construction material costs barely rise as 'crisis economics' define market
The association's chief economist said, "At some point, prices will begin to rise, perhaps aggressively."
By Sharon O'Malley • July 16, 2015 -
Deep Dive
4 reasons housing will finish strong in 2015
A new Capital Economics report found that home sales, inventory, prices and mortgage rates are all poised for increases.
By Sharon O'Malley • July 14, 2015 -
College degree can make it harder to save down payments
Student debt and a slim earnings gap in one-third of the Top 100 markets mean high school grads can buy homes sooner than those with university diplomas.
By Sharon O'Malley • July 10, 2015 -
More consumers than ever say now is a good time to sell a home
That attitude could lead existing homeowners to list their properties for sale, boosting the housing inventory and spurring purchases.
By Sharon O'Malley • July 7, 2015 -
WSJ endorses construction as 'best career path' for non-college grads
The industry is hiring faster than manufacturing and is expected to continue on that path for the foreseeable future.
By Sharon O'Malley • July 6, 2015 -
Why homes sell faster when gas prices drop
With pump prices predicted to dip to their lowest level in six years, expect homebuying to put the pedal to the metal.
By Sharon O'Malley • July 6, 2015 -
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 -
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
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