Year-Over-Year Gains Seen in U.S. Lumber Exports, Imports

Feb. 21, 2018

Lumber trade in the U.S. showed year-over-year gains in both exports and imports last year, while talks of fair pricing continue among the nation’s government and industry leaders.

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Construction Input Prices Increase to Start 2018

Feb. 20, 2018

The cost of construction is up in the new year. Input prices rose 1.1% in January, according to Associated Builders and Contractors (ABC) analysis of data from the Bureau of Labor Statistics. Construction input prices are also up nearly 5% from January 2017. Prices for nonresidential construction materials jumped 4.7% year-over-year and 1% from December 2017.

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Commercial, Multifamily Construction Starts May Have Peaked in 2017

Feb. 16, 2018

Lenders may be taking a step back when it comes to financing U.S. commercial and multifamily construction projects, following a report by Dodge Data & Analytics that showed a year-over-year decline in 2017’s top markets.

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Builders’ Single-Family Sales Expectations Jump to Post-Recession High

Feb. 15, 2018

Builder confidence for newly-built single-family homes was unchanged at 72 in February’s National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). “Demand conditions are positive, but supply-side construction hurdles need to be managed, as scarce labor and building material price increases remain top concerns,” noted NAHB economist Robert Dietz.

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2017 Housing Affordability Similar Year-Over-Year

Feb. 14, 2018

The U.S. housing market ended 2017 at a relatively flat affordability rate, slightly up from the prior quarter yet similar to year-over-year findings.

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Automated Payment System Hiccup Leaves California Invoices Unpaid

Feb. 13, 2018

Thousands of contractors are unpaid after working on construction projects in San Francisco. A new payment system went live last summer to replace the aging system first implemented in 1980, according to KTVU Fox 2.

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Construction Employment Increases in 75% of Metros

Feb. 9, 2018

Construction employment continued to gain ground last year, but there are still factors holding it back. Employment increased from December 2016 to December 2017 in 269 out of 358 metro areas, according to this week’s analysis from the Associated General Contractors of America (AGC).

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NAHB Looks at Recent Commercial, Industrial Loan Patterns, Unemployment

Feb. 8, 2018

Lending standards on commercial and industrial (C&I) loans to large and medium-sized firms with annual sales at or above $50 million continued to ease on net in January, according to a recent analysis of Federal Reserve Board information by the National Association of Home Builders (NAHB).

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Dodge Momentum Index Slips in January

Feb. 7, 2018

The Dodge Momentum Index isn’t off to a great start in 2018. Dodge Data & Analytics reported it slipped 5.1% in January to a reading of 143.7 following December’s revised reading of 151.5. The commercial building and institutional building components also declined last month.

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Job Openings Short of December Prediction

Feb. 6, 2018

The Job Openings and Labor Turnover Survey (JOLTS) remained fairly constant to end 2017, according to the latest release from the Bureau of Labor Statistics (BLS). Job openings in December declined slightly from nearly six million to 5.8 million. While some sectors (information and the federal government) saw increases, many were hit hard, including construction, which had a drop of 52,000 job openings.

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