Worrying Construction Sector Watches Softwood Lumber Prices Climb

May 16, 2018

Tight supply and trading tariffs are causing softwood lumber prices to climb, becoming one of the costlier raw materials for the U.S. construction sector. Despite the recorded price decline from March to April, as seen in the National Association of Home Builders’ (NAHB) Producer Price Index (PPI) last week, many economists are finding a surge in softwood lumber prices month-over-month, including analysts from Bloomberg.

Continue reading
  201 Hits
  0 Comments
201 Hits
0 Comments

Digitizing Data Entry Reduces Risks, Costs for Construction Industry

May 11, 2018

While some in the business credit world are staying in touch with the latest and greatest technological advancements for data collection, those in the construction industry still prefer the good old-fashioned method of manual systems. However, a new study by software company Trackvia suggests that sticking with manual data collection is both risky and costly to companies.

Continue reading
  209 Hits
  0 Comments
209 Hits
0 Comments

Residential Construction Input Costs Rise for Fourth Consecutive Month

May 10, 2018

Building material prices for residential construction rose once again in April, marking the fourth consecutive month of increases to the U.S. Bureau of Labor Statistics’ Producer Price Index (PPI). Since January 2018, the PPI has increased nearly 4%, most recently climbing 0.9% in April.

Continue reading
  190 Hits
  0 Comments
190 Hits
0 Comments

Construction Employment Bounces Back in April After March Decline

May 9, 2018

Construction employment maintained its positive growth rate of 3.7% over the past year after pushing forward in April with an addition of 17,000 net jobs. Associated Builders and Contractors, Inc., (ABC) released its analysis of the latest data from the U.S. Bureau of Labor Statistics, which showed a redeeming increase last month, following a steep decline in March.

Continue reading
  224 Hits
  0 Comments
224 Hits
0 Comments

55+ Housing Market Builder Confidence Drops from Record High

May 8, 2018

Just as the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) was showing substantial improvement, builder confidence in the single-family 55+ housing market took a five-point dive during the first quarter of 2018. The latest HMI was recorded at 66, falling from its record-high 71 at the conclusion of 2017.

Continue reading
  230 Hits
  0 Comments
230 Hits
0 Comments

Nonresidential Construction Growth Still Possible, Despite March Decline

May 2, 2018

Stormy weather and job losses in the construction sector are believed to have contributed to the March decline in nonresidential construction spending, according to the latest release from Associated Builders and Contractors, Inc. (ABC). Following February’s modest gain, nonresidential construction spending declined by 0.3% in March but increased 2.5% year-over-year (YOY).

Continue reading
  193 Hits
  0 Comments
193 Hits
0 Comments

Construction Costs Show No Slowing Down

April 27, 2018

Construction costs continue to reach new highs in the latest IHS Markit PEG Engineering and Construction Cost Index. The index increased 4.1 points to a reading of 61.8 in April, marking the 18th straight month of increased pricing (reading over 50).

Continue reading
  226 Hits
  0 Comments
226 Hits
0 Comments

Existing Home Sales Down Year-Over-Year

April 24, 2018

Limited supply and rising prices are believed to have contributed to the latest existing-home sales numbers for March, as the National Association of Realtors (NAR) reported a year-over-year (YoY) decline despite a modest increase over February.

Continue reading
  205 Hits
  0 Comments
205 Hits
0 Comments

Multifamily Housing Lifts March Construction Starts

April 19, 2018

Multifamily housing construction is paving a promising path for overall housing starts, following a National Association of Home Builders’ (NAHB) report this month that showed a 1.9% increase from February. Although the bigger picture was described as a “small gain,” multifamily construction jumped 14.4%—a high that hasn’t been seen in more than a year.

Continue reading
  196 Hits
  0 Comments
196 Hits
0 Comments

Builder Confidence Still High Despite April Decline

April 16, 2018

Builder confidence has slowed yet still remains in positive territory, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Confidence for newly-built single-family homes slipped one point in April to a reading of 69. This is the fourth-straight drop in the index, stated a release from Wells Fargo Securities.

Continue reading
  224 Hits
  0 Comments
224 Hits
0 Comments

Discover More About NACM

Credit Congress
NACM's Annual Conference

Our History
Over 100 Years of History

National Association
of Credit Management

8840 Columbia 100 Pkwy.
Columbia, MD 21045
Phone: 410-740-5560
Fax: 410-740-5574

Let's Get Social!