Latest Construction sector performance News

US new home sales jump in December as prices fall

Jan. 26, 2022 11:14 AM EST

SILVER SPRING, Md. (AP) — Sales of new single family homes in December rose to their highest level in 10 months as buyers snapped up cheaper homes in anticipation of higher interest rates. The increase put the seasonally adjusted annual sales pace to 811,000 for the month,...

December marks 3rd straight month of growth for US builders

Jan. 19, 2022 09:55 AM EST

SILVER SPRING, Md. (AP) — Construction of new homes in the U.S. rose for the third consecutive month in December and data released Wednesday suggests that the frantic pace of building will continue this year. The December increase puts home construction at a seasonally adjusted...

This Week: Housing starts, Netflix earns, leading indicators

Jan. 17, 2022 00:16 AM EST

A look at some of the key business events and economic indicators upcoming this week: HOUSING MARKET BELLWETHER New government data on residential construction should provide insight into the state of the new-home market. The Commerce Department is...

South Dakota reserves jump 42% thanks to COVID relief funds

Dec. 27, 2021 11:44 AM EST

VERMILLION, S.D. (AP) — South Dakota’s reserves increased 42% in one year thanks to an influx of federal COVID-19 relief dollars, according to a new report. South Dakota Public Broadcasting reported Thursday that the state’s 2021 comprehensive financial report shows the state...

New home sales jump 12.4% in November, highest in 7 months

Dec. 23, 2021 10:54 AM EST

WASHINGTON (AP) — Sales of new single-family homes rose 12.4% in November, the fastest pace in seven months, as the housing industry continued to benefit from low mortgage rates and strong demand. The November increase pushed the seasonally adjusted annual sales pace to 744,000...

Solid demand, backlog of home orders favors builders in '22

Dec. 16, 2021 12:32 PM EST

LOS ANGELES (AP) — U.S. homebuilder stocks have outpaced the broader market this year, and analysts are bullish on the prospects for more gains in 2022, despite expectations of continued supply chain woes. The SPDR S&P Homebuilders exchange-traded fund is up 45% this year. Two...

US home construction rebounds a strong 11.8% in November

Dec. 16, 2021 11:53 AM EST

SILVER SPRING, Md. (AP) — New home construction in the U.S. rebounded 11.8% in November as strong demand continues to boost builder confidence even with the slower winter season approaching. The double-digit percentage increase last month left home construction at a seasonally...

This Week: Fed policy update, housing starts, Darden earns

Dec. 13, 2021 01:18 AM EST

A look at some of the key business events and economic indicators upcoming this week: THE FED SPEAKS The Federal Reserve delivers an economic and interest rate policy update Wednesday, after a two-day meeting of its policymakers. The central bank has...

Housing market trends fuel single-family home rental growth

Nov. 24, 2021 14:20 PM EST

LOS ANGELES (AP) — Homebuilders and other real estate companies are increasingly betting that would-be homebuyers frustrated with a shortage of homes for sale and runaway prices will settle for renting their slice of the American Dream. While individual homeowners and...

US new homes sales rise 0.4% in October as prices climb

Nov. 24, 2021 10:31 AM EST

WASHINGTON (AP) — U.S. sales of new homes edged up 0.4% last month, coming in below expectations as housing prices continued to climb. The Commerce Department reported Wednesday that sales of new single-family homes rose to a seasonally adjusted annual rate of 745,000...