Construction Archive

Latest Housing Starts (April 2015)

New home construction is desperately needed to alleviate the on-going inventory shortage in much of the country.  Good news!  Housing starts rose decisively in April.  The growth in new home construction will further help expand employment in the construction...

Latest GDP (2015 Q1)

The latest GDP growth rate was next to nothing.  Without GDP, job growth and home sales will come to a halt.  Luckily, the weak growth in the first quarter appears to be a one-off event.  The upcoming GDP numbers...

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...