Residential

US home affordability plunges in Q2

ConDig (10-Aug–23). Housing affordability dipped in the second quarter amid rising home prices and interest rates, elevated construction costs, low existing inventory and solid demand, according to latest figures from the National Association of Home Builders…



US housing starts dip in June, permits rise 

ConDig (20-July-23).  Construction of new homes in the United States edged down in June after four straight monthly gains, while permits for future construction of single-family homes increased, according to a report from the U.S….



OSHA fines Illinois contractor for ignoring trench hazards

ConDig (05-Jun-23).  The Occupational Safety and Health Administration (OSHA) has fined an Illinois contractor for flouting safety warnings about deadly trench hazards. The agency said that Groundworks Contracting Inc was fined $77,000 after investigators found…


US homes sales rise 9.6% in March 

ConDig (25-Apr-23).  Sales of new single-family homes jumped 9.6% higher in March on lower mortgage rates and tight inventory levels, according to latest data from the U.S. Census Bureau. New single-family homes rose to a…



Total construction starts surge 6% in February 

ConDig (21-Mar-23). US construction starts jumped up 6% in February to a seasonally adjusted annual rate of $912.8 billion, according to Dodge Construction Network. It comes as residential and nonresidential building starts increased 11% and 9% respectively,…



Construction spending dips 0.1% in January 

ConDig (01-Mar–23).  Construction spending in the US edged down 0.1% in January to a seasonally adjusted annual rate of $1,825.7 billion after falling 0.7% in December, according to latest figures from the Commerce Department. Despite the…