Posts Tagged ‘ construction ’

New-Home Sales Fall 2.4 Percent in July

Sep 3rd, 2014

Sales of newly built, single-family homes fell 2.4 percent to a seasonally adjusted annual rate of 412,000 units in July, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Sales numbers for June were revised up 16,000 to 422,000. “Though new-home sales is a volatile […]

New Housing Study Shows Construction Picking Up

Jul 1st, 2014

A figure included in The State of the Nation’s Housing by Harvard University showing single-family and multifamily home starts.

The Joint Center for Housing Studies (JCHS) at Harvard University released its annual The State of the Nation’s Housing report on Thursday, which suggested that though the U.S. housing recovery faces a number of challenges, it should regain its footing. While tight credit, unemployment rates, and the sizable student load debt have kept many Millennials […]

Multifamily Housing Continues to be One of Construction Industry’s Top Prospects

Jun 3rd, 2014

Construction spending has continued to edge up monthly through much of the first half of 2014. Despite uncertainty in sectors such as single-family homes and public construction, one category in particular has helped keep the momentum going: multifamily housing. Construction industry economists, including the Associated General Contractors (AGC) of America’s chief economist Ken Simonson, have […]

Apartment and Condominium Market Shows Positive Growth in First Quarter

Jun 3rd, 2014

Production of apartments and condominiums showed positive growth in the first quarter of 2014, according to the latest Multifamily Production Index (MPI), released by the National Association of Home Builders (NAHB). The index increased three points to 53, which is the ninth consecutive quarter with a reading of 50 or above. The MPI measures builder […]

Construction Employment Increases in Most States as “Fragile” Recovery Continues

May 20th, 2014

While the construction industry’s recovery remains “fragile,” it saw some positive numbers in April, according to an analysis by the Associated General Contractors of America Labor Department. Construction firms added jobs in 39 states and the District of Columbia over the past 12 months and in 29 states and D.C. between March and April. Construction […]

April Dodge Momentum Index Shows Nonresidential Building Projects Increase on Horizon

May 13th, 2014

After a slow start to the year, construction spending and nonresidential building projects are picking up some steam, according to McGraw Hill Financial. The Dodge Momentum Index, a monthly measure of the first report for nonresidential building projects in planning, advanced 8.4 percent in April to 123.0. The Momentum Index had retreated in February and […]

Builder Confidence Rises for 55+ Market

May 13th, 2014

Builder confidence in the single-family 55+ housing market for the first quarter of 2014 is up year-over-year, according to the National Association of Home Builders’ (NAHB) latest 55+ Housing Market Index (HMI) released last week. Compared to the first quarter of 2013, the single-family index increased 4 points to a level of 50, which is […]

Private, Non-Residential Housing Construction Continues to Go Opposite Direction of Public Construction

May 6th, 2014

Construction spending in the housing and private non-residential sectors continues to edge higher, but a dip in public spending has held the collective industry back a bit. According to an analysis of new Census Bureau data by the Associated General Contractors of America (AGC), strong gains were made in apartment construction in March, and non-residential […]

Plenty of Optimism in Associated General Contractors of America Construction Industry Outlook Survey

Apr 29th, 2014

With varying degrees of optimism, leading economic experts in the construction industry have come to a general consensus that this year will be better than last. According to one survey, many working within the industry feel the same. At the start of each of the past five years, the Associated General Contractors of America (AGC) […]

Architectural Billings Index Drops Nearly Two Points in March

Apr 29th, 2014

Demand for design services in the construction industry had been on a modest rise the first two months of the year, but it took a notable dip in March. The Architectural Billings Index (ABI), a leading economic indicator of construction activity, yielded a March score of 48.8, nearly two full points below its 50.7 mark […]