Single Family

Miami, Florida - Inflation hit home prices in Florida the hardest according to a new S & P Dow Jones Indices report today. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which includes all nine U.S. census divisions, showed a 20.4 percent annual gain in April, down from 20.6 percent the month before. The annual increase…

United States Of America - New home sales in the United States beat expectations in May 2022 according to new data released from the U.S. Census. Here is the facts: New Home Sales For May 2022 Sales of new single family houses in May 2022 were at a seasonally adjusted annual rate of 696,000. This is 10.7% (18.9%)* higher than the…

United States Of America - The Pending Home Sales Index, a leading indicator of housing activity, tracks signed real estate contracts for existing single-family homes, condominiums, and cooperatives. When a seller accepts a sales contract on a property, it is recorded as a "pending home sale" in a Multiple Listing Service (MLS). The majority…

United States Of America- Foreclosures begin to mount as moratoriums end and the S&P 500 has risen last week as the third-quarter earnings season began with good results from big bank firms. Brent crude oil prices reached an all-time high of $85 per barrel on Friday, the highest since October 2018. Oil, natural gas, and coal prices have…

New York, New York - Mass Timber Advances, Basement apartments get overhaul. The New York City Council approved changes to the city's building code on Thursday, October 7, allowing for the construction of cross-laminated timber (CLT) structures throughout the five boroughs (up to 85 feet). This may not seem like a significant change in a city…

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…

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…

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…

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…