Posts with tag construction

By Martin Crutsinger WASHINGTON -- U.S. builders started work on more single-family homes in May and requested the most permits to build homes and apartments in 3½ years. The increase suggests that the housing market is slowly recovering even as other areas of the economy have weakened. The Commerce Department... Continue Reading »

What's it like to have a polarizing political figure as a neighbor? What's it like when that polarizing political figure is planning a massive construction project on your block? Some residents of San Diego's La Jolla community have firsthand experience -- they live next to presidential candidate Mitt Romney's vacation... Continue Reading »

By Martin Crutsinger WASHINGTON -- U.S. builders increased their spending on construction projects for a second month in April. A pickup in home construction and commercial projects offset a fifth consecutive decline in government spending. Construction spending rose 0.3 percent in April, matching an upwardly revised... Continue Reading »

It was the tax credit, after all. Or so it seems. One of the timeliest leading indicators for real estate prices -- the homebuilder confidence survey published by the National Association of Home Builders/Wells Fargo -- dropped five points, or 22 percent, in June to a reading of 17. That's the lowest level since March,... Continue Reading »

Maybe you've considered refinancing your mortgage with a loan from a smaller bank. Well the next time you go to visit, the sign on the bank window may say "closed." That's because many small and regional banks are under serious pressure from the growing troubles in commercial real estate. Three more banks failed this week... Continue Reading »