While the nation may have added 103,000 new jobs in September, the employment report showed relative weakness, particularly as it relates to the residential construction sector, which remains far below its job-creation potential.
Eliminating or curtailing the mortgage interest deduction would have a disproportionate impact on younger, middle-class families, who would see their ability to become owners significantly diminished, with sober implications for their longer term financial prospects.
Discussions on the need to restore the nation's languishing housing market has been prominent this week in congressional testimony from Federal Reserve Chairman Ben Bernanke and in newspapers across the country.
Builders urged Congress to proceed with caution and conduct a cost-benefit analysis before implementing any new regulations or requirements that call for the federal government to develop a National Ocean Policy, which the Administration is now contemplating.
Corporate America's chiefs do not expect the nation to slip back into recession, but say political gridlock in the United States and Europe could make for a long, slow recovery.
The Great Recession suppressed household formation patterns during the latter part of the previous decade, which drove up vacancy rates on all residential properties
The most recent jobs report--the weekly initial claims for unemployment benefits from the Department of Labor--shows slippage from a strong showing last week, but added with the prior three weeks' trends, is in positive territory.
The American Institute of Architects' (AIA) 2011 second quarter Home Design Trends survey shows stability in the residential market, but not the recovery predicted after an encouraging first quarter.
US demand for nonresidentialsystems is projected to increase over seven percent annually to $16 billion in 2015.
Superior Walls, a manufacturer of energy-efficient precast foundation systems, now offers precast concrete wall panels specifically designed for use in above grade applications.
Dow Building Solutions, in collaboration with Cobblestone Homes, announced the completion of a 12-home energy efficiency test community in Midland, Mich.