Posts with tag home construction

Homebuilder confidence remained flat in May, as tight credit and a glut of distressed properties on the market continue to deflate expectations. The National Association of Home Builders/Wells Fargo Housing Market Index, which gauges builder confidence on three criteria -- current home sales, projected sales in six months... Continue Reading »

After falling below spending levels not seen since over a decade ago, construction spending rose in March for the first time in three months, according to Census data released Monday. March construction spending was at a seasonally adjusted annual rate of $768.9 billion, or 1.4 percent above the revised estimate of $758.6... Continue Reading »

Home builders are sitting on their hands, as are apartment and government project builders, with building activity at around half the $1.5 trillion that would constitute a robust construction environment. Construction spending declined for the third month in a row in February, falling 1.4 percent, according to the... Continue Reading »

Homeowners, take heart -- the market shows signs of life yet. For the first time in four months, home builder confidence inched up one point to its highest level since May. Home builder confidence in new, single-family homes rose to a score of 17 in March, according to the National Association of Home Builders/Wells Fargo... Continue Reading »

Construction spending in January fell to its lowest point in five months, thanks largely to weak private investment – a less-than-optimistic sign for housing market hopefuls. January construction spending slipped 0.7 percent to a seasonally adjusted rate of $791.8 billion, down from $797.6 billion in December,... Continue Reading »

Betsy Taylor and her husband decided to embark on a major home improvement project one winter: renovating their kitchen in Portland, Maine. "We hadn't planned on redoing the floors, but after three weeks of tracked in Old Man Winter, the contractor replaced it at no additional cost," she says. "While it was nice to have a... Continue Reading »

Builders are building more new homes, but apparently not enough to constitute a recovery. While housing starts increased 1.7 percent in July, to 546,000, those numbers were substantially lower than the 560,000 anticipated, according to the Commerce Department. New building permits fell 3.1 percent to a 14-month low,... Continue Reading »

Pessimism is back among usually optimistic homebuilders. The Commerce Department reported yesterday that construction of new homes and apartments declined 5 percent in June. The drop was a result of a 20 percent plunge in the condominium and apartment market. Single-family home construction fell 0.7 percent. Builders are... Continue Reading »