Archive for October, 2009
Housing Starts Drop Most in the Northeast; Holds Up Best in Midwest in 2009
Year-to-date housing starts (August) are down 55% from the same period a year ago in the Northeast but only 36% in the Midwest.
Texas is the strongest housing market; Florida, Arizona and Nevada are the weakest
Once the largest US housing market, Atlanta has experienced the largest decline in residential construction since the peak of the housing boom early in 2006. Homebuilders tried to increase their market share by using cheap credit and ignored signs of slowing sales growth. Phoenix, Riverside, Miami and Los Vegas made this list the same way, says Reed Construction Data chief economist Jim Haughey.
Federal Pump Priming Jump Starts Housing Recovery, But Slow Recovery Still Expected
The housing recovery began in March 2009 after an 80% drop in starts from the peak level in January 2006. Monthly single family housing starts increased 35% from February to August but are still only 26% of the peak level nearly four years ago.
United States Employment
The US economy lost 6,929,000 jobs from December 2007 to August 2009.
Twenty large upcoming water treatment and manufacturing construction projects — October 2009
The accompanying table shows 20 of the largest upcoming water treatment and manufacturing construction projects in the U.S.. They are all in the planning stage and are mainly new projects, but may also involve additions and/or alterations. Shopping centers, hotels, office buildings, medical buildings, educational buildings, libraries and museums, sports and entertainment complexes, industrial projects and government buildings will all be covered on a rotating basis
