Nationwide housing starts rose 10.5 percent to a seasonally adjusted annual rate of 1.173 million units in November, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family production increased 7.6 percent to a seasonally adjusted annual rate of 768,000 units, its highest reading since January 2008. Multifamily production rose 16.4…
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Positive Signals for the Future
Shortly after I completed my August issue editorial, the Senate passed its version of the highway bill. As we wait for the House to finalize its version of the bill, then contemplate the mysteries of the universe while they try to reconcile the two bills, here are a few interesting construction-economy items.
Read MoreFirst Look – September 2015
TOP NEWS Vulcan Reports Q2 Gains Vulcan Materials Co. announced results for the second quarter ending June 30, 2015. The company is reporting that total revenues increased $104 million, or 13 percent, to $895 million. Summit Materials Makes Acquisition Summit Materials Inc. has completed the acquisition of LeGrand Johnson Construction Co., a vertically integrated construction materials company. Martin Marietta Sales…
Read MoreNew Home Sales Rise in July
Sales of newly built, single-family homes rose 5.4 percent to a seasonally adjusted annual rate of 507,000 units in July, according to newly released data from HUD and the U.S. Census Bureau.
Read MoreHousing Starts Hit Highest Level Since 2007
Led by a strong jump in single-family production, nationwide housing starts inched up 0.2 percent to a seasonally adjusted annual rate of 1.206 million units in July, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. This is the highest level since October 2007.
Read MoreNew-Home Sales Fall 6.8 Percent in June
Sales of newly built, single-family homes dropped 6.8 percent to a seasonally adjusted annual rate of 482,000 units in June, according to newly released data from HUD and the U.S. Census Bureau.
Read MoreHousing Starts Fall; Permits Rise
Nationwide housing starts dropped 11.1 percent to a seasonally adjusted annual rate of 1.036 million units in May from an upwardly revised April reading, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Overall permit issuance rose 11.8 percent to a rate of 1.275 million, the highest level since August 2007.
Read MoreNew Home Sales Rise in February
Sales of newly built, single-family homes rose 7.8 percent in February to a seasonally adjusted annual rate of 539,000 units from an upwardly revised January reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest sales pace since February 2008.
Read MoreDouble-Digit Spike for December New Home Sales
Sales of newly built, single-family homes rose 11.6 percent in December to a seasonally adjusted annual rate of 481,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Read MoreNationwide Housing Starts Climb Even Higher
For the third time this year, nationwide housing starts surpassed the million-mark, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Total housing production in September rose 6.3 percent to a seasonally adjusted annual rate of 1.017 million units.
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