Residential Construction Input Costs Rise for Fourth Consecutive Month

May 10, 2018

Building material prices for residential construction rose once again in April, marking the fourth consecutive month of increases to the U.S. Bureau of Labor Statistics’ Producer Price Index (PPI). Since January 2018, the PPI has increased nearly 4%, most recently climbing 0.9% in April.

Continue reading
  110 Hits
  0 Comments
110 Hits
0 Comments

Construction Employment Bounces Back in April After March Decline

May 9, 2018

Construction employment maintained its positive growth rate of 3.7% over the past year after pushing forward in April with an addition of 17,000 net jobs. Associated Builders and Contractors, Inc., (ABC) released its analysis of the latest data from the U.S. Bureau of Labor Statistics, which showed a redeeming increase last month, following a steep decline in March.

Continue reading
  117 Hits
  0 Comments
117 Hits
0 Comments

55+ Housing Market Builder Confidence Drops from Record High

May 8, 2018

Just as the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) was showing substantial improvement, builder confidence in the single-family 55+ housing market took a five-point dive during the first quarter of 2018. The latest HMI was recorded at 66, falling from its record-high 71 at the conclusion of 2017.

Continue reading
  125 Hits
  0 Comments
125 Hits
0 Comments

Nonresidential Construction Growth Still Possible, Despite March Decline

May 2, 2018

Stormy weather and job losses in the construction sector are believed to have contributed to the March decline in nonresidential construction spending, according to the latest release from Associated Builders and Contractors, Inc. (ABC). Following February’s modest gain, nonresidential construction spending declined by 0.3% in March but increased 2.5% year-over-year (YOY).

Continue reading
  109 Hits
  0 Comments
109 Hits
0 Comments

Construction Costs Show No Slowing Down

April 27, 2018

Construction costs continue to reach new highs in the latest IHS Markit PEG Engineering and Construction Cost Index. The index increased 4.1 points to a reading of 61.8 in April, marking the 18th straight month of increased pricing (reading over 50).

Continue reading
  117 Hits
  0 Comments
117 Hits
0 Comments

Existing Home Sales Down Year-Over-Year

April 24, 2018

Limited supply and rising prices are believed to have contributed to the latest existing-home sales numbers for March, as the National Association of Realtors (NAR) reported a year-over-year (YoY) decline despite a modest increase over February.

Continue reading
  118 Hits
  0 Comments
118 Hits
0 Comments

Multifamily Housing Lifts March Construction Starts

April 19, 2018

Multifamily housing construction is paving a promising path for overall housing starts, following a National Association of Home Builders’ (NAHB) report this month that showed a 1.9% increase from February. Although the bigger picture was described as a “small gain,” multifamily construction jumped 14.4%—a high that hasn’t been seen in more than a year.

Continue reading
  114 Hits
  0 Comments
114 Hits
0 Comments

Builder Confidence Still High Despite April Decline

April 16, 2018

Builder confidence has slowed yet still remains in positive territory, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Confidence for newly-built single-family homes slipped one point in April to a reading of 69. This is the fourth-straight drop in the index, stated a release from Wells Fargo Securities.

Continue reading
  122 Hits
  0 Comments
122 Hits
0 Comments

Construction Spending Forecasted to Increase in 2018

April 13, 2018

Construction spending is expected to outpace its 2017 rate this year, according to the FMI Construction Outlook 2018 First Quarter Report. The forecast predicts engineering and construction spending to end 2018 up 7% in the U.S. compared to 4% last year.

Continue reading
  134 Hits
  0 Comments
134 Hits
0 Comments

Trade Disputes Loom Over Future of Construction Material Prices

April 11, 2018

As economists question the impact of U.S. trade disputes on various sectors, the U.S. Bureau of Labor Statistics reported rising construction material input prices for March, noting increases in the price of steel/iron and softwood lumber. In its report on April 10, Associated Builders and Contractors (ABC) said construction material prices were nearly 6% higher than this time last year, with a 0.8% expansion over February.

Continue reading
  105 Hits
  0 Comments
105 Hits
0 Comments

Discover More About NACM

Credit Congress
NACM's Annual Conference

Our History
Over 100 Years of History

National Association
of Credit Management

8840 Columbia 100 Pkwy.
Columbia, MD 21045
Phone: 410-740-5560
Fax: 410-740-5574

Let's Get Social!