New Housing Data Continues to Point to a Downturn

As I write this on Wednesday, December 19th the stock market has closed down 351.98 points or nearly 1.5% to its lowest level of the year, according to CNBC. The broader S&P 500 Index also closed at a 2018 low. … Continue reading

Japanese Startup to Disrupt U.S. Residential Construction Market

As you head home from work today, take a look around you at the other commuters on the road. All around you are Toyotas, Hondas, Nissans, Suburus and the like. These are all signs of the incredible success Japan has … Continue reading

Are You Prepared for the Coming Recession?

Five Steps to Take Now to Protect Your Business Occasionally, I’ll chat with an integrator or other industry colleague about that ugly shared nightmare experience, otherwise known as the recession of 2007-2009. This recession, unlike others in the past, zeroed … Continue reading

Housing Starts in 3-Month Slide

September housing starts, the government’s measure of new residential construction activity, showed an overall decline to a seasonally adjusted annual rate of 1,127,000 units. This rate is down 4.7% from the revised August rate of 1,183,000 units. This is the … Continue reading

Good Economic Sign: November Housing Starts Shoot Up

In a result that exceeded economists’ estimates, November overall housing starts jumped an impressive 10.5% to a seasonally adjusted annual rate of 1.173 million units.  Well over the revised October rate of 1.062 million units, it also exceeded the 1.007 … Continue reading

Economists Predict Rapid Ramp-Up in Residential Construction

We 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! … Continue reading

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

The 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 … Continue reading

Startling Jump in November Housing Starts; Are Happy Days Here Again?

Newly released data from the Commerce Department shows that housing starts took what many are characterizing as a startling jump in November – rising 23% overall above the October rate and almost 30% above the November 2012 rate. Analysts are … Continue reading

Residential Construction Rebound Getting More Convincing Based on December Data

The U.S. Census Bureau released residential construction data for the month of December and the results provide further – and perhaps more convincing – proof that the housing market is showing consistent signs of improvement. Some analysts even call this … Continue reading