HMI Soars 29 Percent Y-O-Y

by | Jan 20, 2020 | Construction

The National Association of Homebuilders released its recent results for the month of January 2020. The housing market index (HMI) came in at 75; this compares with the reported index for December of 76. The difference of one single point in the course of the market...

Finally, Meadowlands Complex to Open

by | Oct 21, 2019 | Construction

The date is set for October 25th, 2019. The American Dream ENT-Complex is seen to be the second largest water park in the world, as well as the world’s largest hydromagnetic water coaster, which will have a 1.5 acre wave pool able of generating 2- to 6-foot waves. The...

NAHB Reports Single Family Starts Up 4% in 2018

by | Oct 16, 2019 | Construction

PRESS RELEASE NAHB analysis of the Survey of Construction (SOC), nationally, there were 881,076 new single-family units started in 2018, 4% higher than the units started in 2017. It was the double of the units started in 2011, and still 49% less than the peak of 2007...

New Home Sales Up

by | Aug 21, 2019 | Construction

Sales of new homes were up slightly, by 0.8% year-over-year, in 2Q, reversing the trend in the previous two quarters, when new-home sales dropped, while existing home sales were down 0.7% in 2Q. The supply of new homes was down 1%, representing the biggest annual...

Housing Starts Fall 4.7 Percent

by | Jun 24, 2019 | Construction

Building Permits Privately‐owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,294,000. This is 0.3 percent (±1.3 percent)* above the revised April rate of 1,290,000, but is 0.5 percent (±1.4 percent)* below the May...