2017 Housing Affordability Similar Year-Over-Year

Feb. 14, 2018

The U.S. housing market ended 2017 at a relatively flat affordability rate, slightly up from the prior quarter yet similar to year-over-year findings.

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Automated Payment System Hiccup Leaves California Invoices Unpaid

Feb. 13, 2018

Thousands of contractors are unpaid after working on construction projects in San Francisco. A new payment system went live last summer to replace the aging system first implemented in 1980, according to KTVU Fox 2.

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Construction Employment Increases in 75% of Metros

Feb. 9, 2018

Construction employment continued to gain ground last year, but there are still factors holding it back. Employment increased from December 2016 to December 2017 in 269 out of 358 metro areas, according to this week’s analysis from the Associated General Contractors of America (AGC).

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NAHB Looks at Recent Commercial, Industrial Loan Patterns, Unemployment

Feb. 8, 2018

Lending standards on commercial and industrial (C&I) loans to large and medium-sized firms with annual sales at or above $50 million continued to ease on net in January, according to a recent analysis of Federal Reserve Board information by the National Association of Home Builders (NAHB).

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Dodge Momentum Index Slips in January

Feb. 7, 2018

The Dodge Momentum Index isn’t off to a great start in 2018. Dodge Data & Analytics reported it slipped 5.1% in January to a reading of 143.7 following December’s revised reading of 151.5. The commercial building and institutional building components also declined last month.

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Job Openings Short of December Prediction

Feb. 6, 2018

The Job Openings and Labor Turnover Survey (JOLTS) remained fairly constant to end 2017, according to the latest release from the Bureau of Labor Statistics (BLS). Job openings in December declined slightly from nearly six million to 5.8 million. While some sectors (information and the federal government) saw increases, many were hit hard, including construction, which had a drop of 52,000 job openings.

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Construction Pricing Continues Rise in 2018

Feb. 5, 2018

A new year has not halted the rise in construction costs. The IHS Markit PEG Engineering and Construction Cost Index increased 1.4 points to a reading of 56.3 in January. This is the 15th straight month the current pricing headline cost index showed upward pricing strength, a reading above 50.

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Construction Spending Increases for Fifth Straight Month

Feb. 2, 2018

A strong end to the 2017 construction spending cycle could pave the way for a positive 2018. Total construction spending increased 0.7% in December to a seasonally adjusted annual rate of $1.25 trillion. That’s 2.6% ahead of December 2016. December 2017 was the fifth straight month of construction spending increases.

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Pending Home Sales, Manufacturing Activity Booms in January

Feb. 1, 2018

One month into the new year, economic forecasts for pending home sales and manufacturing activity appear strong in the U.S., the latter of which is also gaining momentum across the globe.

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Construction Sector to Shrug Off Headwinds and Grow This Year and Next

Jan. 31, 2018

The construction sector has been suffering from labor shortages and growing costs for materials. But those headwinds won’t be sufficient to hamper the 4% rise in construction spending this year and next predicted by the American Institute of Architects (AIA) in its semi-annual Consensus Construction Forecast.

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