Every national housing economist is forecasting significant growth for 2016. In fact, Metrostudy’s Chief Economist, Brad Hunter, expects new housing starts YOY to rise 14.6%.
The decline in the MPI and the slight uptick in the MVI may be a reflection of the multifamily market slowly edging closer to its long-term equilibrium point post-recession.
I think more than a third of the companies in the construction industry are functionally bankrupt and looking for a way out.
According to the U.S. Bureau of Labor Statistics, the median age of construction industry workers is 42.8, with young workers under 34 accounting for less than one third of the total workforce.
A new ICC document indicates that G170, which could have significantly affected the traditional use of fire retardant treated (FRT) wood in Type III (and Type IV) construction. was disapproved.
A six-storey development will be constructed of glulam and cross-laminated timber (CLT), which will offer the strength of concrete and steel.
A spate of rare winter tornadoes across Texas and the Southeast has rekindled long-standing concerns about construction quality and building code enforcement, particularly in areas that appear increasingly vulnerable to severe weather.