High Construction Self-Employment Caused by Payroll Elimination, Layoffs

April 6, 2018

Nearly two years ago, the National Association of Home Builders (NAHB) released a survey on single-family builders and the lack of labor and subcontractors in the construction industry. On April 5, NAHB said the accelerating construction self-employment rate is a defining factor in these “extreme shortages,” with more than 23% of those in the industry working for themselves.

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Nonresidential Construction Spending Suffers in February, but Why?

April 3, 2018

Nonresidential construction experienced minimal gains in February over the prior month, following what the Associated Builders and Contractors (ABC) described as “tepid” spending growth. In its analysis of U.S. Census Bureau data, ABC reported that nonresidential construction increased 0.1%, with spending growth showing a little more than 1% in gains as of February 2017.

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Higher Returns Seen in Apartment Investments

March 29, 2018

Commercial real estate investors, who haven’t already, might want to consider apartments for their next property investment after a February National Multifamily Housing Council (NMHC) study found that the asset outperformed other properties in returns, including office, industrial and retail space.

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Construction Costs Continue Increasing Trend

March 26, 2018

Construction costs continue their torrid pace despite a slight slowdown in March. The IHS Markit PEG Engineering and Construction Cost Index declined 1.1 points to 57.8 this month; however, the above 50 score still signifies rising prices.

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New Construction Starts Decline for Second Consecutive Month

March 23, 2018

New construction starts declined in February for the second consecutive month, falling a total of 5% since January, according to Dodge Data & Analytics.

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Architecture Billings Remain in Growth Territory

March 22, 2018

Architecture billings continued their residency in expansion territory despite a slight setback in February. The Architecture Billings Index (ABI) from the American Institute of Architects (AIA) dropped 2.7 points last month to a score of 52.

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Building Permits, Housing Starts Down in February

March 19, 2018

Privately owned building permits and housing starts suffered significant setbacks in February. Permits were nearly 6% behind the revised January rate, and housing starts down by 7% of January’s revised estimate, according to the latest data from the Census Bureau and the Department of Housing and Urban Development. However, housing completions were almost 8% above January’s numbers.

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Construction Input Prices Continue to Increase

March 14, 2018

Construction input prices have continued to increase since the beginning of the new year, according to Associated Builders and Contractors’ (ABC) analysis of the Bureau of Labor Statistics data. February prices rose 0.7% from those set in January.

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Fortune 500 Company Looking to Shrink Labor Shortfall

March 12, 2018

One of the largest companies in the country is looking to help combat the skilled worker shortage in the United States. The Home Depot Foundation announced earlier this month it is contributing $50 million over the next 10 years to train 20,000 tradespeople in the construction industry.

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Boosted Optimism Indicates Promising Year for Nonresidential Construction

March 6, 2018

Not since the late-1990s has the construction industry seen such positivity for the future of nonresidential construction, and if data from the Wells Fargo Equipment Finance’s 2018 Construction Industry Outlook report is any indication, activity in this area is in for a good year.

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