Construction Archive

Latest Housing Starts (February 2015)

Housing starts tumbled in February.  The snowy weather was the reason since the declines were much deeper in the Northeast and the Midwest regions compared to the South and the West regions where the cold weather was less of...

Latest Producer Price Index

The prices of things that companies pay to make products are falling.  This is an early indicator that consumer prices are likely to be well-contained and thereby delay interest rate hike by the Federal Reserve.  But the prices on...

Latest Employment Report: February 2015

The U.S. economy added 3.3 million net new jobs in the past 12 months to February.  One has to go back to the late 1990s when the job growth rate was this strong.  More jobs will enlarge the pool...

Latest Housing Starts in January 2015

New home construction activity in January was notably higher versus one year ago.  But the momentum stalled as month-to-month activity fell even after accounting for normal winter seasonal factors.  Overall assessment is that new home construction is still woefully...

Rebounding Building Permit Activity

In which metro areas has building permit activity returned to the pre-bubble level? Building permits have trended up during the past several months indicating that U.S. residential construction will likely strengthen in 2015. Since building permits are an important...