New Construction Starts End 2017 on High Note

Jan. 29, 2018

New construction starts turned 180 degrees in December, following a sharp decline in November, said Dodge Data & Analytics. New starts jumped 12% last month after a 12% decline the previous month. That puts new construction starts at a seasonally adjusted annual rate of more than $733 billion.

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New Single-Family Home Sales Decline Sharply

Jan. 26, 2018

While many people come out of hibernation during the holiday season to go shopping, that was not the case for the housing market. The end of 2017 was a slow time for new single-family home sales, according to the U.S. Census Bureau and Department of Housing and Urban Development.

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Architecture Firms Maintain Strong Billings in Final Quarter of 2017

Jan. 25, 2018

Architecture billings ended 2017 on a high note by maintaining strong numbers on the monthly index in the fourth quarter. According to the American Institute of Architects (AIA), the Architecture Billings Index (ABI) reached its highest score of the year at 55 in November, falling to 52.9 in December.

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Existing-Home Sales Slow in December

Jan. 24, 2018

Existing-home sales slowed as 2017 came to an end, according to the National Association of Realtors (NAR). December sales declined 3.6% to a seasonally adjusted annual rate of 5.57 million. However, 2017 saw an upward swing of 1.1%, which is the best year for sales in 11 years.

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Existing-Home Sales Slow in December

Jan. 24, 2018

Existing-home sales slowed as 2017 came to an end, according to the National Association of Realtors (NAR). December sales declined 3.6% to a seasonally adjusted annual rate of 5.57 million. However, 2017 saw an upward swing of 1.1%, which is the best year for sales in 11 years.

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Protect Your Payment with a Mechanic’s Lien

Protect Your Payment with a Mechanic’s Lien

Jan. 23, 2018

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NAHB’s Remodeling Market Index Reaches Second-Time High in 2017

Jan. 22, 2018

A booming stock market is one of the variables that National Association of Home Builders (NAHB) Remodelers Chair Joanne Theunissen says contributed to the high reading on its Remodeling Market Index (RMI), which reached 60 for the second time in 16 years.

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Housing Starts Saw Typical Winter Decline in December

Jan. 19, 2018

December housing starts fell 8.2% to 1.192 million, but the trend likely reflects a typical winter downturn. “Residential construction tends to pull back as winter approaches, so anything outside the norm tends to have a disproportionate impact on the reported figures,” said Mark Vitner, senior economist with Wells Fargo in a report on the data.

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Enormous British Construction Firm is Liquidated, Leaving Small Contractors with Unpaid Bills

Jan. 18, 2018

Britain’s largest corporate failure in a decade concerns 200-year-old construction firm Carillion, which employs 43,000 people, forcing the government to guarantee a broad spectrum of public services, from schooling to roads.

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Housing Market Index Stays Strong, Despite Dip from December

Jan. 17, 2018

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index dipped two points to 72 in January, according to preliminary results released on Jan. 17.

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