Tag: financial

May 23, 2017

The cooldown in construction starts following a robust first quarter comes as part of the familiar up-and-down nature of the construction industry’s recovery and expansion. Though activity slowed in April, a number of major projects broke ground last month. Six […]

May 18, 2017

FMI’s forecast for 2017 predicts an increase of 6% for the total value of construction put in place in the U.S. With GDP most recently reporting 2.1% growth in the fourth quarter of 2016, construction growth of 6% looks solid. […]

May 15, 2017

Saudi Arabia isn’t the only country to consider infrastructure investment in the U.S. At the end of last year, the Qatar Investment Authority (QIA) announced that it would put $10 billion toward U.S. infrastructure initiatives. The QIA had previously said […]

May 8, 2017

With the average builder taking six months to build a single-family home, a jump in starts for the category in early 2017 points to an increase in listings for buyers hoping to take advantage of better purchasing conditions in late […]

May 8, 2017

The Province of British Columbia has started forward movement on constructing a new $3.5 billion project that includes replacing the aging George Massey Tunnel under the Fraser River with a brand-new, 10-lane bridge. The George Massey Tunnel Replacement Project kicked […]

May 5, 2017

Still, activity in the housing market faces challenges from rising home prices, a persistent lot and labor shortage, and increasing material costs. High demand and tight inventory continue to fuel home-price growth, with values increasing 1.6% from February to March […]

May 3, 2017

Today’s strong demand for housing and limited affordable inventory is triggering home-price growth that threatens the homeownership potential of many would-be buyers. As a result, more buyers are taking on mortgage loans that allow them to put a smaller share […]

May 2, 2017

The U.S. economy’s performance slowed in the first quarter of 2017, but nonresidential fixed investment expanded at an impressive 9.4 percent seasonally adjusted annual rate, according to analysis of U.S. Bureau of Economic Analysis data recently released by Associated Builders […]

May 2, 2017

March represented a departure from February’s spending growth and a return to the two-straight months of declines in December and January. Industry observers expect construction spending to grow in 2017, with Dodge Data & Analytics economists forecasting that total construction starts could […]

April 25, 2017

Strong activity in the first quarter of 2017 is a sign that the construction industry is still undergoing an expansion, according to Dodge Chief Economist Robert Murray. In the coming year, he said he expects the institutional sector to see […]

April 21, 2017

​Architecture and engineering jobs, which are leading indicators of future construction activity, saw a 3.3% year-over-year increase, which is 1% higher than the February 2016-February 2017 increase reported last month. Overall construction employment was up 2.6%. Total job gains in […]

April 19, 2017

The first wave of new road projects could go out at the beginning of 2018 now that the California legislature has approved $52.4 billion over 10 years from a new 12-cent-per-gallon gasoline tax. SB-1 was approved late in the evening […]

April 14, 2017

Hotel developers are working to offset the rising cost of construction labor, driven by the latest post-recession building boom. Sources said that while prices for raw materials have seen relatively stable growth in recent years, a shortage of skilled labor […]

April 13, 2017

The merger between Marriott and Starwood might have been completed in late September 2016, but that was just the beginning. Since that time, owners and their asset managers have awaited confirmation that related merger expenses would be “net neutral,” as initially promised. […]

April 12, 2017

The Census Bureau data matches reports that have found more first-time homebuyers are relocating to the Midwest and parts of the South — particularly, Texas — in search of more stable markets and housing affordability. A recent survey by SmartAsset named […]

April 11, 2017

Construction spending increased from January to February and from a year ago, as private residential and public construction grew for the month and private-sector demand increased for the year, according to an analysis by the Associated General Contractors of America. […]

April 10, 2017

While often revised in subsequent months, construction spending figures each month from the U.S. Commerce Department examine the private and public construction sectors. Within the private sector, the report tracks single-family residential, multifamily residential and nonresidential. Read More on Construction […]

April 10, 2017

The loan secured for the Brickell Flatiron may be an anomaly in today’s multifamily market, as The Wall Street Journal recently reported that some financial institutions are stepping back from taking on new, high-end multifamily projects, particularly rentals, amid a […]

April 5, 2017

The governments of both the U.S. and Canada are expressing their determination to proceed with amplified infrastructure spending programs. A related question that is often being asked is, “How much extra employment will be created?” Two approaches to an answer […]

April 4, 2017

The seasonally adjusted annual rate of construction spending for February 2017 was estimated at $1,192.8 billion, per the latest report from the U.S. Census Bureau. This is the highest it has been since April 2006 when the annual rate was […]