Construction

Construction Making Headway but Builders Have to Play Catch-Up

December 6th, 2021
The inventory shortage has been a prominent issue in housing for years, but how much work do builders have ahead of them in order to keep up with sky-high demand? A new Zillow report shows builders still have to fill a 1.35...

Year-End Outlook: No End in Sight for Inventory Crunch in 2022

December 13th, 2021
Editor’s Note: RISMedia’s Year-End Outlook series provides an in-depth analysis of the housing market’s leading indicators for economic health, and showcases expert insights on what’s to come in 2022.  It is hard to sell houses without houses to sell. With...

NAHB Reports Strong Year-End Builder Confidence

December 16th, 2021
Builder confidence moved up for the fourth consecutive month despite ongoing inflation concerns and delays in production. For newly built single-family homes, confidence increased by one point to 84 in December, according to the National Association of Home Builders (NAHB)/Wells...

U.S. Construction Spending Climbed in November 2021

January 5th, 2022
Construction spending saw a modest boost in November, according to recent reports from the U.S. Census Bureau and the Department of Commerce. The Commerce Department announced on Jan. 3 that construction spending climbed by 0.4% in November 2021, with single-family...

Job Growth Slowed in December as Pandemic Cases Surged

January 7th, 2022
Job growth didn’t meet expectations for the month of December, as COVID-19 cases surged due to the highly infectious Omicron variant. According to the latest data from the Bureau of Labor Statistics, nonfarm payrolls increased by 199,000 and unemployment fell...

Remodeling Demand Is Strong Despite Material and Labor Shortages

October 18th, 2021
Remodeler’s confidence increased in the third quarter, with the NAHB/Royal Building Products Remodeling Market Index (RMI) posting a reading of 87, according to the National Association of Home Builders (NAHB). The NAHB/Royal Building Products RMI survey asks remodelers to rate...

Housing Starts: Multifamily Dips but Single-Family Holding Steady

October 19th, 2021
Overall housing starts were down 1.6% in September to 1.56 million, pushed down by declines in multi-family construction. The September is the number of housing units builders would begin if development kept this pace for the next 12 months. However,...

Labor Issues in Construction a Crisis for Housing

November 5th, 2021
Among the many mitigating issues that have left the housing industry woefully short on inventory, labor remains “a key limiting factor,” according to a new report from the Home Builders Institute (HBI), which warns that skilled labor shortages are both...

Urban Land Institute Receives $500k Donation to Tackle Climate Change

November 5th, 2021
Lynn Thurber, the Chairman of JLL Income Property Trust and former Urban Land Institute (ULI) Global Chair, has donated $500,000 to support the efforts of the ULI Greenprint Center for Building Performance’s Net Zero Imperative, a multi-year initiative to accelerate...

October Sees Major Job Bump, But Continued Construction Worker Shortages Pose a Challenge

November 8th, 2021
The U.S. job market had a positive October, with nonfarm payrolls rising more than expected and the unemployment rate decreasing to 4.6%, according to the latest jobs report from the Labor Department. Nonfarm payrolls increased by 531,000 for the month...
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