Housing starts rebound 8.3% in June
ConDig (20-Jul-17). Construction of new homes in the US picked back up in June, rising 8.3% from the month prior to a seasonally adjusted annual rate of 1.215 million compared with May’s upward-revised total of…
Residential
Construction spending flat in May
ConDig (03-July-17). US construction spending was flat in May compared with the month prior as a fall in homebuilding was offset by an uptick in nonresidential construction, according to latest Commerce Department figures. Overall construction…
OSHA again delays introduction of electronic record keeping
ConDig (28-Jun-17). The Occupational Safety and Health Administration (OSHA) has further delayed the implementation of the proposed electronic record keeping rule in order to carry out a further review of the policy. The agency said…
Housing starts tumble 5.5% in May, permits 4.9% lower
ConDig (17-Jun-17). Construction of new homes in the US crumbled for a third straight month in May, led by a drop in multifamily production. Housing starts fell 5.5% in May from a month earlier to…
Construction material prices rangebound in May
ConDig (14-Jun-17). Construction material prices held firm in May after posting increases over the past five months, but were up 3.4% on the year ago period, according to analysis of Bureau of Labor Statistics data…
D.R. Horton enters into confidentiality agreement with Forestar Group
ConDig (09-Jun-17). US homebuilder D.R. Horton said that it has entered into a confidentiality agreement with Forestar Group Inc after launching an unsolicited bid for the residential developer earlier this week. The Fort Worth, Texas-based…
Forestar says bid by D.R. Horton could be superior to Starwood offer
ConDig (08-Jun-17). Residential developer Forestar Group said that an unsolicited bid for a majority stake in the Austin, Texas-based company tabled by homebuilder D.R. Horton could lead to a deal that is superior to its…
Trump to slash regulations and cut permitting timeframe as part of $1 trillion infrastructure plan
ConDig (07-Jun-17). President Donald Trump outlined plans on Wednesday to drastically cut the construction permitting process and roll back burdensome regulations as part of a $1 trillion investment proposal to rebuild the country’s infrastructure. Under…
D.R. Horton launches $520M bid for Texas developer Forestar
ConDig (06-Jun-17). Fort Worth, Texas-based homebuilder D.R. Horton has tabled a $520 million bid for a 75% stake in residential developer Forestar Group. The move by the biggest homebuilder in the US has trumped an…
Construction adds a total of 11,000 jobs in May
ConDig (02-Jun-17). The US construction industry added 11,000 jobs in May from the month prior and continues to test its highest level in more than nine years as business activity across the sector remains at…