Construction Spending Unchanged in April

Construction spending is on the decline year-over-year, yet it remained unchanged in April. April 2019 numbers, released by the Census Bureau earlier this week, are 1.2% behind April 2018 data; however, spending in the first third of 2019 is slightly above the same timetable in 2018. "The clear standout was the public sector, which rose 4.8% during...
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April New Single-Family Home Sales Drop After March Rise

Unable to maintain March's upward trajectory, new single-family home sales dropped nearly 7% in April as experts try to pinpoint the cause behind this change in course. According to a National Association of Home Builders (NAHB) report on May 23, the decline in April sales led to a seasonally adjusted annual rate of 673,000 units, following March's...
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‘Little Reason’ to Worry Over Construction Input Price Increases

To the dismay of contractors, construction input prices saw nearly a 1% increase in April over the prior month, with a substantial increase in pricing year over year (YOY) at 2.4%. On May 9, Associated Builders and Contractors (ABC) reported price hikes in four of 11 subcategories in April, while seven declined. According to ABC's analysis of the U...
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Residential, Nonresidential Construction Jobs Show Signs of Improvement

The construction industry saw a modest gain in new jobs in April with a 3.5% increase in the past year. According to Associated Builders and Contractors (ABC) and the U.S. Bureau of Labor Statistics, 33,000 new net jobs were added between March and April 2019. Since April 2018, open positions in residential building grew by nearly 5% to 39,000 addi...
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Filing Liens on Solar Projects: What’s the Deal?

Solar panels as a form of alternative energy continue to grow in popularity, both on residential and commercial projects. As the demand for solar panels increases, so does the likelihood of a creditor grappling with a customer when securing lien rights on solar projects. Unlike traditional forms of energy, determining lien rights on properties with...
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Construction Fraud Leads to Guilty Plea in California

Construction fraud strikes again, this time in California, where two siblings admitted to fraud and embezzlement against the California State Compensation Insurance Fund between January 2012 and March 2017, with a loss of more than $500,000. According to Construction Dive, the owner and office manager—brother and sister, respectively—at Ultimate, I...
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Filing Liens on Solar Projects: What’s the Deal?

Solar panels as a form of alternative energy continue to grow in popularity, both on residential and commercial projects. As the demand for solar panels increases, so does the likelihood of a creditor grappling with a customer when securing lien rights on solar projects. Unlike traditional forms of energy, determining lien rights on properties with...
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268 Hits
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Filing Liens on Solar Projects: What’s the Deal?

Solar panels as a form of alternative energy continue to grow in popularity, both on residential and commercial projects. As the demand for solar panels increases, so does the likelihood of a creditor grappling with a customer when securing lien rights on solar projects. Unlike traditional forms of energy, determining lien rights on properties with...
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272 Hits
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Existing-Home Sales Decline in March

Existing-home sales are on the decline across the U.S. According to the latest release from the National Association of Realtors, existing-home sales dropped 4.9% in March to a seasonally adjusted annual rate of 5.21 million. Sales are also down more than 5% from March 2018. "It is not surprising to see a retreat after a powerful surge in sales in ...
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Low Prices Attributed to Increase New Home Sales in March

While housing starts declined for the second month in a row in March, new single-family home sales reached its highest recording in nearly two years. According to the National Association of Home Builders (NAHB), new home sales climbed to an annual rate of 692,000 homes, which NAHB Chairman Greg Ugalde said was related to affordable pricing. The av...
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