Home construction might be flagging, but industrial construction--office buildings, schools, airports, bridges--is poised for growth.
Builders are buying pickup trucks at a rapid pact as home construction continues to rebound.
Home construction already exacted its toll on GDP of a couple of percentage points.
If a Texas home construction company wants to build houses in California, it may do so.
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And single-family home construction, which represents nearly two-thirds of the market, fell 4.8 percent March.
New home construction and home equity extraction were logical when mortgage rates were particularly low.
The ash byproduct is turned into 100 percent-recycled wallboard for use in home construction.
The pickup in new home construction should add 250, 000 workers to employment rolls a year hence.
New home construction has typically played a leading role in the recovery following previous US recessions.
New home construction remained significantly depressed during the downturn, modestly returning in 2012 as homebuilders like D.
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The Fed survey said the recovery in home construction is gaining momentum and creating more construction jobs.
Last Wednesday, we learned that housing starts and building permits for new home construction posted unexpected declines.
The Federal Housing Administration (FHA) created national standards for home construction that continue to be used today.
The Commerce Department's report Friday that new home construction declined 6.3% in September--a 17-year low--isn't likely to cheer markets.
Anything tied to residential real estate or home construction is a flat-out disaster.
The Commerce Department said Wednesday that new home construction fell to its lowest rate in 14 years last month.
The iShares Dow Jones U.S. Home Construction Index Fund (NYSE:ITB) holds shares in companies such as NVR (NYSE:NVR), D.
They began to experience considerable financial difficulty because of credit card debt and an overrun of home construction costs.
The lesson here: a strong economy has to be based on something more than gaming, tourism and home construction.
The last time a lower level was seen in new home construction was in April 2009, as all markets bottomed.
The Commerce Department said that home construction last month dropped to a seasonally adjusted 479, 000 homes, down 22.5% from January.
Yes, there is a fair amount of new home construction, and renovations under way at some homes gutted by Katrina.
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That leaves the iShares Dow Jones U.S. Home Construction Index Fund (ITB) at a loss of 10% for all of 2011.
The numbers give Oppenheim a sense of pricing--the key to home builder profitability--in the 40 biggest markets for new home construction.
New-home construction fell 5.3% last month, according to the U.S. Commerce Department.
Spring marks the peak selling season for home improvement retailers with home construction and rebuilding activity picking up after the long, hard winter.
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Among the largest shortages reported by NAHB during a June survey: carpenters and framers, some of the first people hired for new home construction.
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Home construction in America dropped to a two-year low in July, as sales slowed and inventories rose in the face of higher mortgage rates.
As home construction has revived, property values have climbed, going up 18%-20% since the trough, says Cape Coral Chamber of Commerce President Mike Quaintance.
We expect a further slowdown in home construction, existing home sales, and home price gains, but without a pronounced impact on GDP growth or consumption.
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