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New Home Sales Beat Expectations

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…
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Crypto Crash – Are We Having Our First Real Time Recession? Florida And Texas May Have A Problem.

United States of America - Crypto has crashed. Recession fears have been streaked across all our information channels the past month. Leading economists and analysts have been working overtime to understand and read the situations evolving while still trying to forecast and mitigate risk financially, socially and politically making yet another…
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Building Permits Beat – Housing Starts Disappoint

United States Of America - Building permits in the United States increased 0.3 percent from a month earlier to a seasonally adjusted annual rate of 1.76 million in January of 2022, from the previous month's 1.755 million and below market expectations of 1.77 million. Single-family authorizations jumped 6.8 percent to a rate of 1,205 thousand
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Affordable Housing Leadership Team Announced In New York City

NEW YORK, NEW YORK— The city of New York is undergoing a renaissance. Mayor Eric Adams of New York City unveiled the members of the team that will be in charge of the city's affordable housing strategy. Jessica Katz, the city's now top housing officer, will serve as the team's leader. In his new position as Commissioner of the Department of Housing…
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Denver Construction Is Booming. We Take You Through Some Of The Most Notable Projects And Their Teams

Denver, Colorado - Denver construction has been booming. Residential construction is expected to account for about two-thirds of the market's growth in 2021. The market, on the other hand, is likely to return to normal in 2022. There are two possible explanations for the recent uptick in activity: first, the surge of new residential development
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One River North, A MAD Architect Design, Will Possibly Change The Denver Skyline

Denver, Colorado - You might have seen this mind blowing building trolling you on some social post somewhere... MAD Architects released renderings in the past weeks and months prior with details of its newest U.S. project — One River North — a groundbreaking biophilic-designed residential building in Denver's vibrant RiNo neighborhood. The
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Foreclosures Start, Build To Rents, Zillow & Inflation. Single family Construction Companies & Builders Need To Be Cautious

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
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Mass Timber Construction Approved For Use In New York City, Basement Apartments See Changes

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
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U.S. Architectural, Engineering & Construction Industry Payroll Segments: Biggest Gains In Pre-Construction as Lumber Futures Jump 15% This Week

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
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PROCORE PAID $500M For LEVELSET? What? Why? And What You Need To Consider. Lets take A look…

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
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Single family Zoning Effectively Ended In California As Newsom Signs Bills Into Law – Major Shifts In Housing Construction & Development Realizing

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
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