In spite of the pandemic, the U.S. and Canadian housing markets have seen significant growth over the past year as individuals and families stuck in apartments were driven to the suburbs in search of bigger homes with space to live, work and play … READ MORE >
House of the rising costs: Construction materials surge amid higher demand, supply constraints
Construction material costs have been rising since last June, and the increase is having a big effect on the residential construction industry. Everything from lumber to asphalt to cement to insulation has soared in price as the home building industry has heated up. … READ MORE >
Building the new normal in health care
As the health care provider industry works toward a new normal, physical infrastructure scrutiny will likely be top of mind for many organizations. … READ MORE >
Traditional retail’s loss has been industrial’s gain
The growing reliance on contact-free e-commerce is providing new opportunities and unique challenges to the commercial real estate sector, specifically those focused on retail and industrial space. … READ MORE >
There is no cooling the housing market as homebuilder confidence surges
The U.S. homebuilder confidence index continued to reach new heights, rising to 85 in October, according to data from the National Association of Home Builders released on Monday. … READ MORE >
CHART OF THE DAY: New home sales continue to surge
Sales of new homes have continued to reach new heights, increasing by 4.8% to a seasonally adjusted rate of a little more than 1 million for August – the first time they had eclipsed that mark since 2006. … READ MORE >
CHART OF THE DAY: Existing home sales surge
Existing home sales surged in July by the most on record, increasing 24.7% from June to a 5.86 million annualized rate. The housing market has been booming as a result of low mortgage rates, which have been hovering around 3%, pent up demand from millennials who have been entering the … … READ MORE >
Laying the foundation for construction’s IT future
As the construction sector is poised to pick up, construction companies should look to participate in digital transformation, by deploying new technologies on and off the jobsite to build flexible and resilient operations that can promote long-term growth. … READ MORE >
There is no V in housing, but there is in recovery
The strong data for housing starts and permits in June released last week were just the opening act for the V-shaped recovery in housing. Existing home sales increased 4.72 million for June, up 20.7% from the previous month, according to data released on Wednesday by the National Association of Realtors. … READ MORE >
Housing remains a leader in the economic recovery
Housing continues to be a bright spot in the economy, with housing starts jumping 17.3% in June and housing permits rising 2.1% — the second straight month of gains . … READ MORE >