Construction Archive

Instant reaction: NAR Chief Economist Lawrence Yun on March Jobs Report

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics (BLS) report on the employment situation in March: “The job market is quite remarkable as more job creations and wage gains are adding...

Steel and Aluminum Tariffs Expected to Have Most Impact on Construction and Motor Vehicles

Imposing a 25 percent tariff on imports of steel  and a 10 percent tariff on imports of aluminum, even if excludes those imports from Canada and Mexico, will raise the price of newly constructed home. The United States imported...

Homebuying in San Francisco, San Jose, and Seattle Sill Strong Despite Steep Prices

Tight supply has led to higher price growth, especially in the metro areas of San Jose- Sunnyvale-Sta. Clara, Francisco-Oakland-Hayward, and Seattle-Tacoma-Bellevue. Given the steep increase in home prices, an interesting question is whether demand is starting to wane given...

Net Operating Income Accelerates in REALTORS®’ Commercial Markets

Commercial market fundamentals marched to a steadier beat during 2016 compared with the investment environment. Demand for properties remained solid throughout the year, leading to declining vacancies and rising rents. There were, however, variations in each property sector. As...

Construction Gap Improves, but Remains Wide

Summary: Despite strong gains in 2015, sluggish construction persists Supply constraints are wide spread Prices are likely to continue to rise in markets with inadequate supply in relation to job creation   While the homeownership rate tumbled in the...