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In a new Dodge Construction Network report, total construction starts rose 4% in May to a seasonally-adjusted annual rate of $979.5 billion. Nonresidential building starts rose 20%, while residential and nonbuilding starts declined 4% and 2%, respectively. In the first five months of... View full entry
The residential housing market continued its remarkable ascension in March, according to a market report published this week by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The report indicates some more positive news for the industry in the face of several... View full entry
According to an Associated Builders and Contractors (ABC) analysis of the recently-released U.S. Bureau of Labor Statistics’ Producer Price Index data, construction input prices increased 1.5% in October. Nonresidential construction input prices have increased by 1.4% in the month. ... View full entry
The review highlights the sector’s dysfunctional training model, its lack of innovation and collaboration, and its non-existent research and development culture.
Low productivity continues to hamper the sector, while recent high levels of cost inflation, driven by a shortage of workers, has stalled numerous housing schemes as they have become too expensive to build.
— globalconstructionreview.com
Read more UK industry news here: Mayor of London launches probe into the impact of foreign investment in city's real estateEngineering giant Arup announces imminent layoffs following Brexit voteThe former-football stars tackling England's affordable housing shortage View full entry
With the US median wage at $5,000 a year, New Yorkers spent 1/10 of their salaries on rent [in the 1950s]...These days a depressing number of young New Yorkers spend over half their income on housing. Rent hikes have transformed a once-democratic city into a playground for the privileged. — The Los Angeles Review of Books
Don't adjust for inflation: it will just depress you. This article in The Los Angeles Review of Books historically traces the drastic rise of housing costs for renters from the middle of the 20th century to the present day through a series of inflation adjustments, edgy banking moves, and the... View full entry