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Economics Week in Review

May Is Home Remodeling Month NAHB is highlighting the financial incentives of remodeling and offering suggestions for consumers on projects that provide the best return on investment, including improvement in energy efficiency.

April 29, 2008 ― Metro, State Job Gains Get Spottier As Budgets Tighten ABI slumps, but hotel boom goes on. by Ken Simonson

April 21, 2008 ― Steel, Fuel Prices Send Construction Costs Soaring Red-hot steel prices, combined with record diesel fuel costs, are making construction unaffordable.

April 16, 2008 ― Housing Starts At 17-Year Low Last month’s housing starts were down 12 percent from February and reached a 17-year low, according to a Commerce Department report released today.

April 7, 2008 ― Prices Surge For Imports, Steel, Copper, Oil, Gas While Reed says starts fall, retailers retrench by Ken Simonson

April 4, 2008 ― Residential Cooling, Heating Equipment Shipments Down In February U.S. factory shipments of residential cooling and heating equipment declined in February, compared with the same month a year ago, while the commercial market for these products maintained steady growth, according to AHRI.

April 4, 2008 ― Construction, A/E jobs Slide Contractors see weaker conditions as steel jumps yet again. by Ken Simonson

April 1, 2008 ― Construction Spending Slips Overall, Nonres Has Small Gain Construction spending slipped 0.3 percent in February to a seasonally adjusted annual rate of $1.12 billion. by Ken Simonson

March 26, 2008 ― New Home Sales Fall To 13-Year Low New home sales for February dropped to the lowest levels in 13 years, according to a Census Bureau report released today.

March 21, 2008 ― Construction Costs Outrun Overall PPI Steel hikes proliferate; McGraw-Hill starts rise. by Ken Simonson

March 18, 2008 ― Single-Family Home Starts Drop To Lowest In 17 Years The Commerce Department said today single-family housing starts dropped almost 7 percent last month to a seasonally adjusted annual rate of 707,000.

March 14, 2008 ― CPI Flat, But Construction Input Prices Soar Several commodities used in construction continue to rise rapidly in price, including diesel fuel, natural gas, copper and steel. by Ken Simonson

March 11, 2008 ― U.S. Plumbing Demand To Grow 2.6% Annually Through 2011 Growth will be supported by increasing applications in improvement and repair markets in both residential and nonresidential construction.

March 7, 2008 ― Construction Jobs, Spending, Starts, etc. Slip; Beige Report Hints At Nonres Again Nonfarm payroll employment fell 63,000 in February (seasonally adjusted), resulting in a 12-month increase of only 0.6%, the weakest growth in four years, the Bureau of Labor Statistics recently reported. by Ken Simonson

Feb. 27, 2008 ― Construction PPIs Jump McGraw-Hill starts increase but other signs weaken. by Ken Simonson

Feb. 18, 2008 ― Government Sees Future For Plants, Data Centers, Hotels, Warehouses, Stores Manufacturing capacity is estimated to increase 2.1% in 2008. by Ken Simonson

Feb. 8, 2008 ― Nonres Starts Skid; Metals Jump ‘Stimulus’ passes but construction funds are tight. by Ken Simonson

Feb.1, 2008 ― Construction Spending, Jobs Fall Nonresidential is flat in latest month, but up for year. by Ken Simonson

Jan. 25, 2008 ― FMI Predicts 5.8% Construction Growth Construction put in place for the coming year is expected to see a 5.8 percent growth, although it was down 3.7 percent in 2007, according to FMI’s 2008 U.S. Construction Overview.

Jan. 15, 2008 ― Cost Escalation Reports Spread; Renewal Energy Advances One contributor to rising construction costs is diesel fuel. by Ken Simonson

Jan. 4, 2008 ― Job Growth Slows Overall Nonresidential jobs appear to flatten but spending soars. by Ken Simonson

Dec. 27, 2007 ― Population, Revenues, Construction Job Growth Slow In Once-Hot States The U.S. population rate was little changed from 2006, but several fast-growing states slowed. by Ken Simonson

Dec. 11, 2007 ― Fed Cuts Rates; Job Gains Slow “The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 4-1/4%,” the Federal Reserve has reported. by Ken Simonson

Dec. 5, 2007 ― Construction Spending Drops In October But Nonres Rises Construction spending in October, at a seasonally adjusted annual rate of $1.158 trillion, fell 0.8 percent from September and 0.6 percent from October 2006, according to the Census Bureau. by Ken Simonson

Nov. 28, 2007 ― Beige Book, Housing, Jobs Reports Show Large Variation By Region Reports from the 12 Federal Reserve Districts suggest that the national economy continued to expand during the survey period of October through mid-November but at a reduced pace compared with the previous survey period. by Ken Simonson

Nov. 28, 2007 ― Existing Home Sales Fall To All-Time Low Sales for previously owned homes fell in October to the lowest levels since the National Association of Realtors started tracking the number 1999.

Nov. 20, 2007 ― Housing, Retail, Factory Construction Indicators Slip PPIs and state jobs news were mixed. by Ken Simonson

Nov. 12, 2007 ― Starts Drop In October; Wind, Ethanol Projects May Stall; Banks Get Pickier New construction starts turned down in October, as tabulated today by Reed Construction Data. by Ken Simonson

Nov. 7, 2007 ― Oil Rises, Solar Shares Increase While oil futures jumped to a record $97 a barrel, solar energy company shares hit new highs.

Nov. 2, 2007 ― Nonresidential Construction Employment, Pay, Spending Rise Despite Housing Slump Employment rose 166,000 in October and 1.6 million over 12 months, the Bureau of Labor Statistics reported today. The unemployment rate held steady at 4.7%. by Ken Simonson

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