Construction Grade

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Business
Top 10 Construction Stories This Week: VBC Approved to Buy Troubled Katerra Assets
Most-read construction stories include Hawbaker paying record $21M restitution for Davis Bacon violations, AEC firms 2X more likely to get ransomware attacks, ultra-high-performance concrete coming, is infrastructure resistance really about the deficit?
April 2021 Construction Spending
US Construction Spending Lifted Modestly by Tempered April Home-Building Growth
June 2, 2021
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Fed Chair Jerome Powell Calls For Stimulus on the Morning Trump Flip-Flop-Flips on Negotiations
October 6, 2020
The autonomous Built Robotics machines Sunstate is renting today.
Meet Some of Today's Working Construction Robots
February 20, 2020
Over 12 months, this index of nonresidential building planning is down 10.1%, suggesting a slowdown in construction activity through 2019.
Nonresidential ‘Momentum’ Increases to 10% Below Year-Ago Level
July 15, 2019
July Us Existing Home Sales
Existing Home Sales Slip for 4th Month to Slowest Pace in 2 Years
August 22, 2018
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Months of supply for existing homes ticked up year-over-year in June for only the second time in three years. Given the number of existing homes for sale has been falling, the uptick in months of supply is likely attributable to a slower pace of sales.
Construction Grade
Reasons to Suspect the US Housing Market is Starting to Cool
Home Building 3
Construction Grade
Housing Starts Rose Solidly over the First Quarter of 2018
Revisions to the November and December data now show starts rising 3.0 percent in November and then falling 6.9 percent in December, before rebounding in January.
Construction Grade
US Housing Starts Double Forecasts to Start 2018 Near Post-Recession High
Trump's infrastructure gambit suggest flipping the cost share of big infrastructure projects, expecting states and/or private industry to come up with 80% of funds. Thirty-three states face revenue shortfalls in fiscal 2017 and 2018. More states than at any time since the end of the recession reported midyear budget gaps in fiscal 2017.
Construction Grade
Trump Infrastructure Gambit Elevates Business Elite over Rebuilding America
Construction Grade
Zoning Wouldn’t Have Saved Houston From Harvey; Less Sprawl Would Have Helped
Pro-business dis-regulation magnified Houston flood devastation for a third year in a row, and will again if Harris County won’t match development with flood control
Houston Via Npr
Construction Grade
Second Quarter US GDP Bounce Back to Trend Despite Housing Shrinkage
Residential fixed investment fell steeply following impressive Q1 growth, but business investment in plant and equipment continues to grow as inventories stabilize
The commerce department’s Bureau of Economic Analysis revised the last three years of GDP data to reflect slightly better U.S. economic performance. Average growth in this recovery, now the third longest in U.S. history, lifted annual gains to 2.2%, up from the previous estimate of 2.1%.
Construction Grade
Fed Skips Rate Hike, Plans Balance-Sheet Selloff
July meeting of the Federal Open Market Committee signals confidence in US economy, but weak inflation despite job growth enforces wait-and-see posture
Construction Grade
Survey: Trump Bump Fizzles, Real Estate Optimism Hanging On
Trump’s election rejuvenated real-estate-market enthusiasm in late 2016 but mid-year 2017 results suggest decoupling, with confidence in Trump plummeting and the market moderating only slightly
The percentage of survey respondents who say U.S. real estate market conditions are moderately or significantly better today than they were 12 months ago dropped four percentage points since the end of 2016 to 52%.
Construction Technology
How Contractors Can Adopt Technologies that Improve Construction Workflow
Skanska Inc.
Adopting technology is essential to lift construction productivity and efficiency. Skanska USA offers a method for doing it that won’t break the bank
Seventy percent of contractors responding to the JBKnowledge 2016 Construction Technology Report survey spend 1% or less of annual sales volume on information technology.
Construction Grade
New Housing Normal: Realities that Will Limit a Strong 2017
The US housing market is shifting to single-family strength and accelerating, but systemic headwinds are unlikely to allow a return to pre-recession norms this year
Single-family starts have remained above 800,000 units for the past five months. The strength in single-family starts has been accompanied by a pickup in the NAHB/Wells Fargo Housing Market Index report, which jumped 6 points in March to its highest level since June 2005.
Construction Grade
Reasons Housing is Likely to Lift the Economy before New Years
Housing starts, building permits and existing home sales all came in softer than expected in August, but most market watchers still argue for a surge in new single-family housing
Sales of newly built, single-family homes fell 7.6% in August to a seasonally adjusted annual rate of 609,000 units, after July sales jumped 12.4% to a post-bubble high. New-home sales for August were almost 21% stronger than August of 2015. The inventory of homes for sale is at a very low 4.6 months.
Construction Grade
How 1.1% US GDP Growth Spells Encouragement for Construction
Strong employment in June and July are reinforcing consumer spending growth, fueling home sales. With home inventory being a key constraint, builders’ near-term future looks sound
July US new home sales jumped 12.4% despite forecasts for decline. While month-to-month new home sales can be volatile, sales are up 12% year-to-date. Existing home sales fell 3.2% in July, and are down 1.6% over the past year. The disconnect is likely a reflection of tight existing-home inventory. Inventories are down 5.8% since last July. And with existing home prices up 5.4%, their affordability is down nearly 3% year to date.
Construction Grade
US Construction Spending Begs Watching after Last Quarter's Slump
Economists have been blindsided by construction-spending drops for three consecutive months. Here's why now is the time to keep calm, carry on and add the monthly economic indicator news to your watch list
Squint just right and you can see the slippage in public and private US construction spending over the past three months.
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