Archive for October, 2009
Seasonally Adjusted Construction Starts Nearly Steady in September
Construction starts fell only 1.5% in September from August after adjusting for the large seasonal decline typical at the end of the summer. This is consistent with the Reed Construction Data forecast that starts will slip very slowly lower into the winter and that construction spending will dip slightly more by year-end.
Third quarter U.S. housing starts improve versus second quarter
Have you heard enough bad news about the U.S. homebuilding market
Commodity prices and construction costs: Adrift on a sea of conflicting influences
No doubt about it. Trying to estimate what will happen with respect to construction material costs is a tricky business. One can come at the issue from several directions
September Construction Starts Decline Seasonally
Reed Construction Data (RCD) announced today that the year-to-date value of construction starts through September 2009, excluding residential contracts, totaled $184.7 billion, 12.8% less than in the same period in 2008. Individual month of September starts were 20.1% lower than in August so the September decline was about 7% after seasonal adjustment. Nonetheless, the starts trend has recently improved after the plunge in June, says Reed Construction Data chief economist Jim Haughey.
Energy Price Cuts Drop September Construction Materials Price Index
The construction materials price index fell 0.4% in September to 8.4% below the index value last September.
