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Tag Archives: Construction

The Housing and Construction Conundrum

The construction industry is lagging behind despite home prices being close to pre-recession peaks. Homebuilders say labor shortage is to blame, but income for workers hasn’t changed since 2006. If they increase wages, then home prices would go beyond buyers reach. So what can be done?

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Big Cities are Running Out of Space

Cities are starting to run out of space. Especially space-constrained cities like New York have started to run out of room for builders, leading them to move to city-center areas where high-density building is allowed, and charging much higher prices for it. Builders are focusin more on high end apartments with better profit margins, leaving only the wealthiest residents as the ones who can buy.

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The Week Ahead: Low Construction’s Impact on Sales

On Tuesday, at 10 a.m. EST, the U.S. Census Bureau along with the Department of Housing and Urban Development (HUD) will release the New Residential Sales Report for April 2017. With construction activity droppping off slightly, how will sales react?

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Low Inventory Impacted by Stagnant Home Starts

The Department of Housing and Urban Development along with the U.S. Census Bureau released their April New Residential Construction Activity Report on Tuesday. Year-over-year, Permits, Starts and Completions increased 5.7 percent, barely increased 0.7 percent and increased 15.1 percent respectively. However, number shave fallen month-over-month.

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The Week Ahead: Watching Market Conditions Following Unusual Highs

This week, the National Association of Homebuilders and Wells Fargo will release their latest Housing Market Index (HMI) for May, a measure of market conditions based on three factors, with a range of zero to 100. While the March HMI was unusually high, reaching 71, April stayed steady at 65. All three individual components (present single family sales, next six-month single family sales, and prospective buyer traffic) reported losses month over month, but were still strong.

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Looser Zoning Regulations Crucial to Economic Growth

According to new analysis, loosening zoning regulations in the nation's most productive cities could help spur economic growth. These regulations are keeping developers from building new housing opportunities. Ultimately, this restricts Americans to more affordable, smaller cities where they're less productive.

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New Home Opportunities Impacted by Declining Construction Jobs

Decreases in construction jobs have just added to the inventory problems. According to analysis form the National Association of Homebuilders and the BLS Job Openings and Labor Turnover Survey, construction jobs saw a dip in March. Additionally, construction costs have been on the rise, possibly adding to this decline in construction sector employment.

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Housing Starts Fall, Permits Up in March

Despite a strong February, housing starts have fell almost seven percent in March. Although sing-family starts dropped, single-family permits posted the third largest annual pace since the recession. Permits in March grew 3.6 percent to 1.26 million from February’s 1.216 million, and grew year-over-year by 17 percent.

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Single-Family Construction Spending Up

The latest U.S. Census data shows that spending on single-family construction is up over the month and the year. Spending in this segment rose 1.2 percent over January and 3.4 percent since last February. Multi-family and overall spending are both up as well.

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