Sept. 13, 2018
As the East Coast prepares for Hurricane Florence to make landfall late Thursday or early Friday, the construction industry is already seeing the storm’s costly effects through lumber prices. According to Prosales magazine, the impending hurricane and any that follow are expected to bring a 10% lumber price hike that may last roughly two months.
September 7, 2018
Employment in the residential construction industry remains stable, sitting at 3.9% this August, according to the National Association of Home Builders (NAHB). Jobs increased by 201,000, and employment in residential construction continued to trend upward.
September 4, 2018
The construction industry is changing at a more rapid pace than ever anticipated—faster in the past five years than in the past 50, according to a recent survey by FMI Corporation titled Managing Risk in the Digital Age, which surveyed contractors. As many as 90% of contractors reported having a shortage of skilled workers and 90% also said they received design documents that were less completed than in the past.
August 24, 2018
New single-family home sales fell during the month of July with contracts falling by 1.7% from June, according to a recent update from the National Association of Home Builders (NAHB). The annual rate comes to 627,000.