Tag Archives: Construction

The construction sector sped ahead in March to reach the highest level recorded in the past six months. Where did residential construction stand in the mix?

Housing boomed in 2017. The numbers were the best in 10 years. If you’re only looking at single-family construction. The bigger picture might not be so rosy in 2018?

The U.S Department of Labor reported a job growth of 148,000 while unemployment rate remained at 4.1 percent for the third consecutive month.

Northsight Management LLC, a mortgage field services provider, based in Scottsdale, Arizona, announced a recent key business expansion on Tuesday—the finalization of its merger with ASONS Construction Inc., a highly regarded regional REO and property preservation service provider.

With interest rates expected to tick upwards and construction activity on the upswing, 2018 looks to be shifting toward a strong purchase market, but potential lows for refi.

May brought changes to the standard trend in construction spending. How long might this new trend continue? See how it varied, and how it fared compared to a month ago, and this time last year.

Builders and developers have reported that credit conditions for acquisition, development, and single-family construction (AD&C) have been easing in the past few months. Eased lending standards are linked with growth in the volume of residential construction loans held at banks, and by extent, the growth in residential construction as a whole. Sales of brand-new homes are expected to jump 10.7 percent this year as the historically low inventory has been pushing for increased construction.

Builder confidence in the housing market rises as demand for newly-built, single-family homes rises. Based on a monthly survey from the NAHB, the HMI measures the health of the housing market on a point system from 0 to 100 based on three factors. The survey asks participants to rate market conditions for the sale of new, single-family homes at present, the market conditions for the sale of new, single-family homes in the next six months, and the traffic of prospective buyers of new homes.

If the future of the construction trades rests in the hands of young adults, that future might not have such a strong foundation. In a national poll by NAHB, young adults proved less interested in pursuing construction careers than in law and marketing. But construction still outweighs military career options among the young.

The number of open construction sector jobs rose to 169,000 in February, still below the cycle high of 238,000 set in July 2016. Additionally, the open position rate, or job openings as a percent of total employment, increased to 2.4 percent. The open position rate on a moving twelve-month average basis stayed near the cycle high at around 2.7 percent.