In November of last year, analysts at Dodge Construction Network predicted that the United States would “narrowly avoid recession,” alongside a slowdown in economic growth. While the firm holds true to that prediction in its new 2022 year-end report, analysts now say that those in the construction sector “can expect to feel elements of a […]

The National Association of Home Builders (NAHB) points to continued elevated interest rates, high building material costs and declining affordability conditions pushing buyers to the sidelines as the source of the continued drag on builder sentiment. NAHB recorded the lowest confidence reading since June 2012 with the exception of the onset of the pandemic in […]

A recent report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows overall housing starts increased 3.6% in May to a seasonally adjusted annual rate of 1.57 million units off of a downwardly revised April reading. The May reading of 1.57 million starts is the number of housing units […]

Housing production weakened in February as ongoing high material costs and interest rates continue to affect the housing industry. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau report overall housing starts decreased 10.3% to a seasonally adjusted annual rate of 1.42 million units. The 1.42 million starts is the number […]

A report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows the number of single-family starts flattened in November with builders struggling to meet demand. Overall housing starts increased 1.2% to a seasonally adjusted annual rate of 1.55 million units, the number of housing units builders would begin if […]

A report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows single-family starts continued to grow in September as overall housing production increased 1.9 percent to a seasonally adjusted annual rate of 1.42 million units. “The housing market remains a bright spot in the U.S. economy, and this is […]

Is construction gaining or waning? That was the question industry economists addressed recently in a spring economic forecast webinar hosted by CMD Group. In terms of the overall U.S. economy, American Institute of Architects (AIA) chief economist Kermit Baker­ said that despite a weak first quarter, gross domestic product gains are expected to be 1.5 […]

While there’s been a lot of bad news for single-family housing recently, the new report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau is a positive one, according National Association of Home Builders (NAHB). Single-family housing production in October reached its highest level since November 2013, while the more […]