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David Crowe

Economists Predict Rapid Ramp-Up in Residential Construction

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NAHB LogoWe were fortunate enough to receive an invitation from the National Association of Home Builders (NAHB) allowing us to participate in their annual Fall Construction Forecast presentation, a webinar put on for the benefit of  their members last week. Boy! Are we glad we attended! Not only did the organization offer up a roster of world-class economists with really interesting insight into what’s going on in the economy – they also offered reams of really valuable data delineating the latest trends in construction.

Their predictions were – to put it mildly – shocking! Read below to find out why…

[Read more…] about Economists Predict Rapid Ramp-Up in Residential Construction

Builders Group Holds Mid-Year Construction Forecast Meeting; Economists Cautiously Optimistic

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Mid-Year construction title slideThe Associated Builders and Contractors, Inc., (ABC) a builders trade association, held their third annual Mid-Year Construction Forecast presentation this week…inviting economists from three industry-related associations to present their outlook on the construction industry. This year, the invited economists included Kermit Baker (American Institute of Architects, AIA), David Crowe (National Association of Home Builders, NAHB), and their own Anirban Basu (ABC).

The economists this year were, overall, cautiously optimistic – with a heavy emphasis on caution.

See more on the presentations from the construction industry economists… [Read more…] about Builders Group Holds Mid-Year Construction Forecast Meeting; Economists Cautiously Optimistic

A Major Housing Starts Surprise – Highest Level in 4 Years

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Photo of home under constructionThe U.S.Commerce Department released new data today detailing an unexpected uptick in housing “starts” or the number of homes that had begun construction during the month of October. According to the report, starts in October increased to a seasonally adjusted annual rate (SAAR) of 894,000 units or 3.6 percent higher than the revised September level of 863,000.

See more on this results which were well above estimates, surprising economists… [Read more…] about A Major Housing Starts Surprise – Highest Level in 4 Years

Builders’ Construction Forecast Event for Media Has Powerful Data & Surprises

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2012 Mid-Year Construction Forecast Intro SlideOn Tuesday, the Associated Builders and Contractors (ABC) held a webinar for the media called the 2012 Mid-Year Construction Forecast with presentations from some of the most powerful industry-related economists with fresh data and forecasts…and some surprises.

See new construction data and the latest trends it suggests will occur… [Read more…] about Builders’ Construction Forecast Event for Media Has Powerful Data & Surprises

Housing Starts – Start of a New Trend?

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Graph Showing Residential ConstructionThe Commerce Department on Tuesday released the latest report on the residential construction market – a key economic indicator for the custom integration market – and…as you might suspect with this uneven recovery we are in…the data showed yet another zag after last month’s zig. Total residential housing construction starts for the month of May were 708,000, down 4.8% from the revised April level of 723,000 units.

But the news wasn’t all bad… [Read more…] about Housing Starts – Start of a New Trend?