Single Family

US Housing Starts Highest Since 2006 US housing starts shot up 19.4% to 1.739 million in March. This is the highest level since June 2006 and well above analysts estimates of 1.613 million.The housing market has gained strength the last year due to low interest rates and increased population shift swaying from  cities due to the coronavirus…

KAMALA HARRIS FUTURE HOME CONSTRUCTION RENOVATIONS BECOMING AGITATING Despite being sworn into office as vice president nearly two months ago, Kamala Harris and her husband, Georgetown Law professor Douglas Emhoff, await the cessation of renovations at their private residency requested by the U.S. Government via contracts. Administration…

The US economy is recovering quicker than expected, according to Federal Reserve Chairman Jerome Powell, but he believes there is still a long way to go. Unemployment is one of the main challenges, and there are 10 million jobs less than before the COVID-19 pandemic. In order to stimulate the US economy, the Federal Reserve decided to leave the…

The new JOLTS program experimentally estimates job openings, hires, total separations, quits, layoffs and discharges among selected industries in the United States. The 2020 year has brought great financial uncertainty and economic fluctuations. The Job Openings and Labor Turnover Survey (JOLTS) program experimentally estimates job…

On Wednesday March 10, the House of Representatives approved the American Rescue Act of 2021, which is also known as the COVID-19 relief package. The bill has many measures that will help the American economy recover from the pandemic, which include employment incentives and a dedicated budget for the construction industry. The Covid-19 relief…

A recent survey of national multi-family developers and general contractors has demonstrated that appliances not only are causing lead time delays but modest price increases since pre-corona levels. Appliance Driven Inc's President, Joel Kapnick, based in New York has stated "I am literally putting orders in and watching those items…

ALERT: Construction remains in the ring regardless of Corona shutdowns as unemployment ticks down to 6.7%. Construction gained 27,000 jobs in November but still shy of its 279,000 February level. Residential specialty trade contractors added 14,000 jobs while heavy and civil engineering saw an additional 10,000 jobs. Signs point to…

Amongst the chaos which has encapsulated the year of 2020, home builders and American home buyers appear to have a bright future of affordability laid out for them. With the heightened pricing of lumber, the U.S. Commerce Department has decided to slash the amount of Canadian lumber shipments coming into the United States from 20% down to 9%.  …