Economic

Study: Residential Construction-Related Jobs Hit Hardest During Great Recession

The Great Recession decimated many occupations, but some were much harder hit than others--and a lot of those hard-hit jobs were in the housing industry.

Builder Confidence Continues to Soar Despite Supply & Labor Obstacles

The most recent home construction data offer modest reasons to be optimistic, although risks remain. The August NAHB/Wells Fargo Housing Market Index continued its slow rise to a nine-plus-year high of 61, up one point from July

3 Reasons Why Housing Will Grow Faster Than US Economy

We remain constructive on the U.S. housing market, which is likely to continue to grow faster than the overall economy, and we see attractive opportunities in this sector. Here are three reasons to stay invested in U.S. housing.

July New Home Sales Predicted to Increase 4%

Zillow's Cory Hopkins offers a forecast on the sales front, as the firm expects new home sales to rise 4.2% in July, though it sees existing home sales falling 2.1% in July, a reversal of June's fortunes.

Consensus: Forecasters Revise 2015 Starts Downward

Random Lengths reported this week, “a slow start to the year, similar to 2014, has caused housing analysts to dial back their U.S. housing starts forecasts for 2015.”

Multifamily Accounts for Growth in Residential Construction Spending

NAHB analysis of Census Construction Spending data shows that total private residential construction spending for June increased to a seasonally adjusted annual rate of $378 billion.

Simpson's North American Sales Increase 8.8% in 2Q

Simpson Manufacturing Co. had steady -- though modest -- gains to report in the second quarter, featuring a net sales increase of 4.2%.

BFS & ProBuild 2Q Sales Report Released

Builders FirstSource (BFS) revealed today its expects to announce net income will shrivel by at least 60% in the second quarter from the year-earlier period even though sales will have grown at least 7%.

Top 5 Lessons Builders Learned During the Recession

As volume picks up, the question is how will builders take the lessons learned in the downturn and apply them to a growing market?

Labor Shortage Holding Housing Back, CMs the Answer

Builders claim there is good demand, but they complain they're handcuffed by a lack of skilled labor to build new homes.