Construction Archive

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...

Latest Housing Starts

New home construction activity declined slightly in the latest month.  However, the overall annual figure is likely to show an 8 percent gain for 2014. Specifically, housing starts fell 1.6 percent in November from the prior month.  Though a...

The Latest Housing Starts (September 2014)

Homebuilders were busier in September, digging more dirt and ready to bring more new homes to the market.  But construction was tilted towards multifamily apartment units.  Single-family home construction still remains well below historical norms.  A housing shortage is...