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Housing Wire
SEPTEMBER 12, 2022
Seattle and London-based construction technology company Modulous has raised $11.5 based real estate developer, CEMEX Ventures , the venture arm of construction giant CEMEX ; Blackhorn Ventures (U.S.); The post Construction tech startup Modulous raises $11.5
Housing Wire
DECEMBER 3, 2021
The construction sector added a total of 31,000 jobs in November, on par with the two prior months. It was a strong month for construction,” First American deputy chief economist Odeta Kushi said in a statement. “We Following a strong showing in October , a somewhat disappointing U.S.
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Housing Wire
NOVEMBER 4, 2021
To keep pace with current construction demand, and account for attrition, 740,000 new construction workers are needed each year for the next three years , a report by the Home Builders Institute contends. million new hires for construction.
Appraisal Buzz
JANUARY 17, 2022
Of course, the construction industry has been facing some pressing challenges, including hitches in global and national supply chains. This makes new home construction a continued challenge, even as demand exists to accelerate new housing.
Housing Wire
FEBRUARY 22, 2022
The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Tye Alroe, director of Alroe Constructions , was recently let down by a subcontractor who pulled out of a job at the last minute. “I
Eyes on Housing
SEPTEMBER 12, 2022
The number of women employed in the construction industry increased to over 1.24 million in 2021, as the construction industry was quickly recovering jobs lost earlier during the pandemic induced recession. Currently, women make up 11% of the construction workforce, up from 9.3%
Eyes on Housing
MAY 19, 2022
Over the last four quarters, townhouse construction starts totaled 152,000 units, 25% higher than the prior four quarter total (122,000).
Eyes on Housing
APRIL 8, 2022
According to the latest May 2021 Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of Home Builders (NAHB), half of payroll workers in construction earn more than $49,070 and the top 25% make at least $75,820.
Eyes on Housing
JUNE 1, 2022
The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs jumped to 449,000 unfilled positions in April.
Appraisal Buzz
FEBRUARY 2, 2022
The post New Construction on the Rise appeared first on theMReport.com. The post New Construction on the Rise appeared first on Appraisal Buzz. The pool of newly built single-family homes on the market is at a record high, as builders try to keep up with surging homebuyer demand.
Eyes on Housing
AUGUST 17, 2022
Nonetheless, over the last four quarters, townhouse construction starts totaled 148,000 units, 7% higher than the prior four quarter total (138,000).
Eyes on Housing
JUNE 7, 2022
Supply-chain challenges and unfavorable economic conditions have reduced the pace of single-family residential construction across all regional submarkets.
Housing Wire
OCTOBER 8, 2021
After losing 3,000 jobs in August , the construction sector added 22,000 jobs in September. However, construction employment is still 201,000 jobs below its February 2020 level. The average hourly earnings of production and non-supervisory employees in construction are up 5.8%
McKissock
MAY 6, 2022
New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales.
Eyes on Housing
DECEMBER 8, 2021
The labor market continues to tighten, especially for the construction industry. The count of open construction jobs increased to 410,000 unfilled positions in October, the highest measure in the history of the data series (going back to late 2000).
Eyes on Housing
JULY 6, 2022
The construction labor market remains tight, but the total number of open construction sector jobs has likely reached a cyclical peak as economic activity slows in response to tighter financial conditions.
Housing Wire
AUGUST 18, 2020
New home construction continues to climb, as privately owned single-family housing starts in July were at a seasonally adjusted annual rate of 1.496 million, a 22.6% The post New home construction shoots up 22.6%
Eyes on Housing
AUGUST 4, 2021
According to the 2020 Bureau of Labor Statistics Occupational Employment Statistics (OES) Survey data and analysis by the National Association of Home Builders (NAHB), half of payroll workers in construction earn more than $50,460 and the top 25% make at least $71,000.
Eyes on Housing
MARCH 9, 2022
The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs increased for the month to 380,000 unfilled positions in January.
Housing Wire
JUNE 3, 2022
After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs.
Eyes on Housing
MAY 26, 2022
At 11,000 units started, this was the best quarter for condo construction since the third quarter of 2008. As a result, the market share of rental units of multifamily construction starts decreased to 91% during the first quarter.
Eyes on Housing
FEBRUARY 18, 2022
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction jumped 28.1% in 2021.
Appraisal Buzz
FEBRUARY 2, 2022
in December were new construction, up from 25.4% housing inventory over the last 10 years, with a significant increase in … The post New-Construction Homes Rise to Record High appeared first on DSNews. According to a new report from Redfin, more than 34.1%
Appraisal Buzz
DECEMBER 16, 2021
The post Home Construction Stunted by Supply Chain Issues appeared first on DSNews. The post Home Construction Stunted by Supply Chain Issues appeared first on Appraisal Buzz.
Eyes on Housing
MAY 24, 2022
The missing middle construction sector includes development of medium-density housing, including townhouses, duplexes and other small multifamily properties.
Eyes on Housing
AUGUST 30, 2022
The construction labor market is cooling off as economic activity slows in response to tighter monetary policy. However, the July data shows stability concerning the number of open, unfilled jobs in the construction industry. The count of open construction jobs.
Eyes on Housing
MAY 26, 2021
NAHB analysis of the most recent 2019 American Community Survey (ACS) data reveals that the median age of construction workers is 41, the same as a typical worker in the national labor force. The median age of construction.
Eyes on Housing
JUNE 9, 2021
Read More › Economics apartments COVID-19 exurbs home building geography index housing demand housing preferences multifamily construction single-family construction suburban townhouse construction
Appraisal Buzz
MAY 27, 2022
The post Webinar Spotlight: Construction Lending & The Digital Frontier appeared first on theMReport.com. The post Webinar Spotlight: Construction Lending & The Digital Frontier appeared first on Appraisal Buzz. Explore recent installments of Five Star’s complimentary webinar series, with subject-matter experts tackling all aspects of the modern mortgage landscape.
Appraisal Buzz
MAY 16, 2022
New housing construction is booming, but due to market constraints, stalled projects are also up compared to pre-pandemic times. In a new article written by Jacob Channel, LendingTree’s Senior Economic Analyst, he finds that strong housing demand has provided builders with plenty of opportunities to begin construction on new homes but labor shortages and global … The post Stalled Construction Projects Up Nearly 50% appeared first on theMReport.com.
Housing Wire
MARCH 17, 2022
Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. The post How will rising rates affect new home construction? Today, the U.S.
Appraisal Buzz
MAY 25, 2022
The post Statutory Requirements: Strict Construction or Strict Compliance? The post Statutory Requirements: Strict Construction or Strict Compliance? Make sure that your Section 1304 notices do not include anything beyond what the statute expressly prescribes, and it is mailed in a separate envelope. Arsenio Rodriguez and Ali Degan Esq. from Stern & Eisenberg, P.C. explain this crucial detail. appeared first on DSNews.
Eyes on Housing
MAY 7, 2021
Residential construction employment rose by 3,100 in April, after an increase of 28,700 in March. Read More › Construction Statistics Economic Indicators Economics Housing Data COVID-19 employment labor force labor force participation rate residential construction employment
Eyes on Housing
MAY 2, 2022
As the construction labor market remains tight and skilled labor shortages persist, wages in construction continue to rise, often outpacing and exceeding typical earnings in other industries.
Appraisal Buzz
SEPTEMBER 7, 2021
The post Residential Construction Continues Shift to Suburbs appeared first on theMReport.com. The post Residential Construction Continues Shift to Suburbs appeared first on Appraisal Buzz.
Eyes on Housing
JULY 21, 2022
The 2021 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 8.2 months to finish the construction.
Appraisal Buzz
MAY 25, 2021
With the demand for homes at an all-time high, new construction has been dampened by a drop in the number of workers. The post Decline in Construction Workforce Stunts Housing Inventory appeared first on theMReport.com.
Eyes on Housing
NOVEMBER 12, 2021
What had been, in prior years, a challenge in certain sectors, like construction, continues as. The labor market continues to tighten. In the September BLS Job Openings and Labor Turnover Survey (JOLTS) data, the national number of job quits for all sectors (4.4
Housing Wire
NOVEMBER 18, 2020
Duncan noted the pace of new home sales over the past six months has accelerated more quickly than the construction pace, suggesting homebuilders will have to play catch up relative to sales going forward.
Eyes on Housing
AUGUST 16, 2022
Single-family built-for-rent sector construction surged during the second quarter of 2022 as homebuying affordability declined on higher mortgage interest rates.
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