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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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