Housing Markets

Washington DC - The Payroll Report from the BLS was far from optimistic across the board undermining the theory if unemployment benefits were cut payrolls would rise. Although the Nation as a whole saw a report that was far less then predicted the AEC related segments show promise. Segments in the construction related indicators compiled by…

Carpinteria, California - (NYSE: PCOR) Like everyone else you are probably asking yourself: why would Procore pay $500M for LevelSet? Don't worry you are not alone and most likely it's not why you would think. LevelSet is a platform for managing lien notice of intents, placements and payment collection for the United States. The construction…

Sacramento, California - Governor Gavin Newsom has signed bipartisan legislation (background story) to accelerate housing construction in California, streamline the permitting process, and enhance density in order to promote more inclusive and vibrant neighborhoods around the state. Potentially adding an additional 700,000 homes the package of…

United States of America-- As troubling labor data continues to plague the construction industry everyone has begun to get creative and learn to adapt to the now evolved and never seen before labor and employee markets. The recent jobs report is a example of the ever tricky labor number interpretations. …

Total Construction United States of America- Construction spending was estimated at $1,568.8 billion on a seasonally adjusted annual basis in July 2021, up 0.3 percent (1.2 percent)* from the revised June estimate of $1,563.4 billion. The July estimate is 9.0% (1.5%) higher than the July 2020 estimate of $1,439.6 billion. Construction…

CHICAGO, Illinois, and FORT WASHINGTON, Pennsylvania— Equity Residential (NYSE: EQR), an S&P 500 company focused on the acquisition, development, and management of residential rental properties in and around dynamic cities, and Toll Brothers, Inc. (NYSE: TOL), the nation's largest builder of luxury homes, announced today the formation of a…

Sacremento, California - As Newsom's recall lingers Senate Bill 10 was passed. Crafted by Senator Scott Wiener (D-San Francisco). SB 10 allows localities to zone for missing middle multi-unit housing through a voluntary, expedited approach. The bill passed 41-9 in a bipartisan vote and will now be sent back to the Senate for final approval…

Milford, Connecticut - As construction budgets have blown up the past year and half we are releasing details on a new cost modeling and value-engineering investigatory report performed by AGGRECOST™ . The modeled construction project was a affordable multi-family housing project commissioned by CHFA (Connecticut Housing Finance Authority)…

Washington D.C.- Housing data is in giving us a look at some concerning characteristics as well as what has also been a prosperous past year for the real estate markets. We will dive into New Home Sales, Pending Home Sales, Case-Shiller Home Price Index, Housing Starts, Building Permits, Inflation, builders stonewalling on lumber, Affordable…

BREAKING: POWELL CONFIRMS AN INCREASE TO HOUSING SUPPLY CAN REVERSE HOUSING INFLATION AS WATERS PUSHES FOR INCREASED AFFORDABLE HOUSING "NOW!" The housing backlog of affordable homes continues to grow rapidly, Inflation data shocking... REPORTS ARE BEING COMPILED. PLEASE CHECK BACK SOON

New York, New York U.S.A- With the pandemic easing its way towards a hopeful end, New York City’s economic revival has revealed an unwelcoming realization for the construction industry. Recovery in regards to finance, employment, and projects, will prove to be as great in difficulty as during the Great Depression.             The construction…

ADA, OKLAHOMA— LegalShield today released its May Economic Stress Index, a collection of leading indicators of household and small business economic and financial health in the United States. Two of its subindices, the LegalShield Housing Construction and Housing Sales Indices, both increased for the third consecutive month to new…

Wild Fire Threats Hit High Alerts Today Signaling An Increased Threat To A Already Stressed Construction Logistics And Supply Chain. More Importantly It Poses A Price & Supply Threat To Lumber. United States Of America - Wildfire & drought alerts hit high levels today across BYLT systems and the the country as the United States…

  HB-6572 states that any town, city, or borough may require all buildings over 40,000 square feet that qualify as new construction or substantial renovation, to have an energy usage of at least ten percent per square foot less than the energy use allowed by the State Building Code.

"Bill 10" would give Maui the title of second most restrictive affordable-housing law in the country only behind the cities of Aquinnah in Massachusetts and Santa Paula and Oxnard in California, all of which have 100% affordable housing requirements.