Latest News

  • Hardware+Building Supply Dealer recently reported that construction spending was up in February. The report cited a U.S. Census Bureau estimate that February was at a seasonally adjusted annual rate of $1,273.1 billion, or 0.1 percent above the revised January estimate of $1,272.2 billion. Residential construction also increased at a seasonally adjusted annual rate of $533.4... more »
  • According to a new research report by the market research and strategy consulting firm Global Market Insights Inc., the Warm Edge Spacer Market will exceed $700 Million by 2024. The report found that strengthening government initiatives to ensure net-zero emissions buildings will drive the global warm edge spacer market.   "The robust energy efficient building construction is primarily... more »
  • BlueTarp Financial reports that its Q4 2017 Building Supply Index value rose to 130.52 from 122.23 in Q4 2016. This is the highest value on record since tracking began in 2008.   While the index reflects seasonal dips in construction spending and building permits, these categories continue to show growth over the same period last year. Consumer confidence continues to be the main driver for... more »
  • Builder confidence in the market for newly built single-family homes remained unchanged at 72 in February on the National Association of Home Builders/Wells Fargo Housing Market Index. “Builders are excited about the pro-business political climate that will strengthen the housing market and support overall economic growth,” says NAHB Chairman Randy Noel. “However, they need to... more »
  • Overall housing and economic activity in metro markets across the nation remained on an upward trend in the fourth quarter of 2017 even as permit activity remained a lagging indicator, according to the National Association of Home Builders/First American Leading Markets Index. Markets in 195 of the 337 monitored metro areas nationwide returned to or exceeded their last normal levels of economic... more »
  • Nationwide housing starts fell 8.2 percent in December to a seasonally adjusted annual rate of 1.19 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family starts fell 11.8 percent to a seasonally adjusted annual rate of 836,000 units, while the three-month moving average for single-family production... more »
  • Builder confidence in the market for newly built single-family homes dropped two points to 72 in January on the National Association of Home Builders/Wells Fargo Housing Market Index after reaching an 18-year high in December 2017. “Builders are confident that changes to the tax code will promote the small business sector and boost broader economic growth,” says Randy Noel, NAHB... more »
  • Tax laws cited as favorable to housing production; rising mortgage rates may impact for-sale supply The National Association of Home Builders estimates 2017 saw 1.21 million total housing starts and expects overall production to grow an additional 2.7 percent this year to 1.25 million units. Single-family starts are expected to rise 5 percent in 2018 to 893,000 units and increase an additional 5... more »
  • Spending on residential remodels will continue to grow at a modest pace in the next two years, according to a panel of remodelers and industry experts hosted by the National Association of Home Builders which cited increased consumer confidence as a large factor in the trend. NAHB predicts that remodeling spending for owner-occupied single-family homes will increase 4.9 percent in 2018 over 2017... more »
  • According to a Yahoo! Finance analysis of Commerce Department data, U.S. construction spending saw a month-over-month rise of 0.8 percent to a seasonally adjusted annual rate of $1.26 trillion in November. This marks the fourth straight month of increases and sets a new high. The uptick in spending was due in part to a rise in single-family balancing out a slowdown in... more »