New home construction shoots up 22.6% in July

Housing Wire

New home construction continues to climb, as privately owned single-family housing starts in July were at a seasonally adjusted annual rate of 1.496 million, a 22.6% The post New home construction shoots up 22.6%

Highest Paid Occupations in Construction in 2020

Eyes on Housing

According to the 2020 Bureau of Labor Statistics Occupational Employment Statistics (OES) Survey data and analysis by the National Association of Home Builders (NAHB), half of payroll workers in construction earn more than $50,460 and the top 25% make at least $71,000.

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Residential Construction Loan Growth

Eyes on Housing

The second quarter of 2021 marked the second consecutive quarter of loan growth for residential construction loans. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions increased by 4.9%

Increase in housing starts has construction playing catch-up

Housing Wire

Duncan noted the pace of new home sales over the past six months has accelerated more quickly than the construction pace, suggesting homebuilders will have to play catch up relative to sales going forward.

Reimagining How Construction Companies Capture Progress Tracking

Speaker: Felipe Engineer-Manriquez, Christopher Gagliardi, George Hedley, and Jason Nichols

Join our esteemed panelists for their discussion on the importance of progress tracking which ultimately touches upon every digital aspect within the construction cycle. Our thought-leaders' years of experience on the job sites can help you build a better future at your company.

July Construction Job Openings

Eyes on Housing

What had been a challenge in certain sectors, like construction, continues as a broad labor access issue as businesses seek workers as the economy reopens. The count of open construction jobs weakened in July to 321,000 unfilled positions, according to data from.

Home Builders Ramp Up Construction Based on Demand

Keeping Current Matters

Early indicators show new-home construction is beginning to ramp up. Evangelou refers to the volume of new homes where construction began during a set period, known in the industry as housing starts. Thus, housing construction is trending upward with housing starts likely to reach 1.6

HBGI Shows Suburban Shift for Multifamily Construction

Eyes on Housing

Read More › Economics apartments COVID-19 exurbs home building geography index housing demand housing preferences multifamily construction single-family construction suburban townhouse construction

Growth for Townhouse Construction

Eyes on Housing

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction continued at a strong pace in the first quarter of 2021. This followed the best quarter for townhouse construction in 2.5

Residential Construction Employment Rose Slightly in April

Eyes on Housing

Residential construction employment rose by 3,100 in April, after an increase of 28,700 in March. Read More › Construction Statistics Economic Indicators Economics Housing Data COVID-19 employment labor force labor force participation rate residential construction employment

Suburbs see greatest gain in single-family construction in Q3

Housing Wire

Since Q1, the market share for single-family construction in urban core areas fell from 18% to 17.2%, the report said. The report showed that single-family construction in second-home markets expanded at a 13.6% Apartment construction increased in second-home markets by 11.1%.

Prices of Residential Construction Inputs Up 23% Year-Over-Year

Eyes on Housing

Prices paid for goods used in residential construction ex-energy rose 3.6% inputs to residential construction less food and energy) prices have declined just twice since December 2019. in May (not seasonally adjusted) and have increased 16.5%

Women Make Up 10.9% of the Construction Workforce

Eyes on Housing

The number of women employed in the construction industry grew slightly in 2020, rising to around 1.17 million, while the construction industry lost 587,000 jobs in 2020 when the pandemic hit the economy. As the construction skilled labor shortage remains.

SoftBank-backed construction startup shutters US operations

Inman

Following a final $200 million investment from SoftBank, Katerra is closing after years of financial mismanagement and rising construction costs.

Should You Buy an Existing Home or New Construction?

Keeping Current Matters

With so few homes for sale and construction of newly built homes ramping up , you may be wondering if you should consider new construction in your search process. New Construction . Another solid benefit to new construction is customization.

Crosswinds for Construction Job Openings

Eyes on Housing

The count of open construction jobs declined in May to 299,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). Overall, hiring in the construction sector remained strong in May, ticking down to a 4.2%

Construction Self-Employment Rates at Record Low

Eyes on Housing

million) of construction workers are self-employed. Nevertheless, construction self-employment rates are now lowest on record, down from a record high of over 26% in 2010. One of the factors behind the recently falling construction self-employment.

Helping new build buyers? 5 pre-construction tips

Inman

If you're helping your buyers navigate the process of buying a pre-construction house, here are the top five things you should educate and prepare them for. . Agent Brokerage Select Service construction new build new construction pre-constructed home pre-construction

Best Quarter for Townhouse Construction in 14 Years

Eyes on Housing

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction in the second quarter of 2021 posted the highest count of starts in 14 years.

Combatting a Surge in Construction Worker Suicides

RIS Media

construction industry—falling, being struck-by or crushed by equipment or other objects, or suffering electrocution are well-known—a recent study finds that another potential killer, suicide, is taking lives at an alarming rate.

Home Building Construction Times Accelerated in 2020

Eyes on Housing

The 2020 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 7.8 months to finish the construction.

What’s Happening in New Home Construction and Sales?

McKissock

Residential construction and new home sales have been making quite a few headlines lately. Keep reading to catch up on the latest stories and market data related to new home construction and sales. ” New home construction in the news.

Construction spending rises again in April as lumber costs climb

Inman

Residential construction spending continued to grow in April, rising 1.3 Data Industry News Markets & Economy construction daniel houston lumber new build new construction new construction spending

More Young Workers Join the Construction Labor Force

Eyes on Housing

The latest labor force statistics from the 2019 American Community Survey show that more young people are entering the construction trades. in the construction industry in 2019, compared to only 9.7%

Construction Cools as Costs Climb

Eyes on Housing

Housing production declined in April due to rising prices and limited availability of lumber and other building materials. Overall housing starts decreased 9.5% to a seasonally adjusted annual rate of 1.57 million units, according to data from the U.S.

Construction startup Katerra files for bankruptcy

Inman

The company blamed its financial position on the effects of the COVID-19 pandemic, difficulty securing funding for new construction and “unsuccessful attempts to secure additional capital and business.”.

NAHB: Multifamily Construction Sentiment Improves

RIS Media

The post NAHB: Multifamily Construction Sentiment Improves appeared first on RISMedia. Latest News National News Housing Market Industry News Multifamily Construction NAHB National Association of Home Builders Real Estate

Second Home Markets Show Construction Growth

Eye on Housing

For the third quarter of 2020, NAHB’s Home Building Geography Index (HBGI) found construction gains for traditional second home markets. Read More › The post Second Home Markets Show Construction Growth first appeared on Eye On Housing.

Construction materials tech startup raises $33M after tripling staff

Inman

Industry News News Brief Select Technology Websites Agora construction materials Series B Funding tech startupThe Agora platform announced it raised the new funding after a year in which it grew its revenue eight times over.

Rebound for Townhouse Construction

Eye on Housing

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction expanded to a 2.5 year high during the final quarter of 2020.

Residential Construction Loan Volume Moves Higher

Eyes on Housing

Ending a period of volume decline that began at the end of 2019, the volume of residential construction lending posted an increase during the first quarter of 2021. The volume of 1-4 unit residential construction loans made.

Count of Open Construction Jobs Near Two-Year High

Eyes on Housing

The count of open construction jobs increased in April to 357,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). Overall, hiring in the construction sector slowed in April, declining to a 4.5%

Top Products Used in New Residential Construction

Eye on Housing

In a recent article, NAHB analysis of government data found that new single-family and multifamily construction used a total of roughly $94.93 Read More › The post Top Products Used in New Residential Construction first appeared on Eye On Housing.

Residential Construction Is Recovering Faster Than Non-Residential Construction

Eye on Housing

Total construction industry (both residential and non-residential) employment totaled 7.4 Residential construction employment rose by 15,400 in November to 2.9 In the past seven months, job gains in residential construction offset.

Townhouse Construction Decline Continues

Eye on Housing

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction declined during the third quarter. Read More › The post Townhouse Construction Decline Continues first appeared on Eye On Housing.