As Trade Agreement with Canada Ends, Softwood Lumber Prices Rise

March 6, 2017

Softwood lumber prices have been mostly steady since 2014, but that has changed in recent months, with prices for some products increasing in recent weeks by as much as 30% or more.

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Top 10 Home Builders’ Share of New Single-Family Units Increased in 2016

March 3, 2017

Last year, the top 10 publicly traded residential builders increased their share of new single-family home closings on a national scale, but the overall concern among smaller builders that large companies are taking too much share away appears overblown, according to the National Association of Home Builders (NAHB).

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Push for Construction-Defects Reform Highlights Importance of Job Information

March 2, 2017

As construction of multifamily housing remained volatile in January and the latest overall starts numbers were down, developers in the U.S. say that construction-defects lawsuits have made insurance and financing for larger condo projects more expensive or difficult to obtain.

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Construction Outlays Remain Positive in January

March 1, 2017

The total nominal value of construction outlays fell unexpectedly in January, to a seasonally adjusted annual rate of $1.1 trillion, according to Wells Fargo. Volatility is not unusual, however, and the trend in the sector is still positive. The three-month moving average grew .2% during the month and is up 4.4% year-over-year. Adjusted for inflation, total outlays are up .5% relative to a year earlier, but are expected to rise 3.5% in 2017. The soft monthly reading was concentrated in the public component.

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Pending Home Sales Slip on Supply Concerns

Feb. 27, 2017

Pending home sales fell in January to their lowest level in a year as a lack of supply in the Midwest and West slowed contract activity and sales.

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Single-Family House Sales Climb in January while Apartment Builders Gain Confidence

Feb. 24, 2017

Sales of new single-family homes jumped in January by 3.7% from the prior month to a seasonally adjusted annual rate of 555,000, led by sales in the Northeast.

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Architecture Billings Index Drops into Negative Territory in January, but Project Inquiries Still Strong

Feb. 23, 2017

The Architecture Billings Index (ABI) fell into negative territory in January, dragged down in part by a drop in design services.

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Existing Home Sales Jump in January

Feb. 22, 2017

Existing home sales in January were booming at the strongest rate since the Great Recession. Home sales increased 3.3% to 5.69 million units per year, while the median existing home price rose 7.1%, year-over-year, to $228,900, according to the National Association of Realtors (NAR).

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Builder Credit Conditions Continue Easing in Fourth Quarter of 2016, but at Slower Pace

Feb. 22, 2017

Builders and others in the construction industry are finding easing credit conditions for acquisition, development and construction loans, known as AD&C loans, though the pace of easing has slowed since the second quarter of 2016.

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Tax Reform Under a New Administration?

Feb. 21, 2017

With a new administration in office, change is in the air, and many construction creditors and others in the industry are curious to know what changes are likely to take place in the near term.

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