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Category Archives: Construction

With Elections Looming, What’s In Store For Mexico’s Housing Industry?

George Skoufis
Director
Real Estate Finance Group, Standard & Poor’s Ratings Services
May 11 - 3:02 pm
Comments: 0

Will Mexico’s upcoming elections lay a new foundation for Mexico’s housing sector? Are homebuilders prepared to address sustainability, adapt to changes in regulation, and shape new markets? In this CreditMatters TV segment, Standard & Poor’s Associate Fernanda Hernandez discusses the key trends shaping the sector and our expectations for the intermediate term. Click here to [...]

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Economic Update: Still Looking For a Bounce

Beth Ann Bovino
Senior Economist
Standard & Poor’s Ratings Services
April 19 - 11:47 am
Comments: 0

This week showed that housing starts tumbled in March. The surprise in the report was a hefty drop in multi-family home construction. And to add more fuel to housing market worries, builder confidence for April fell three notches from the March level. But although U.S. consumers aren’t buying up homes in large numbers right now, [...]

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Economic Update: Feb. U.S. Construction Spending Declined 1.1%

Beth Ann Bovino
Senior Economist
Standard & Poor’s Ratings Services
April 2 - 1:23 pm
Comments: 0

February U.S. construction spending fell 1.1% month-over-month, which was much weaker than the 0.7% increase expected by consensus. I also comes after January was revised downward to a 0.8 drop (previously down 0.1%). Residential spending was flat in February, after January was revised down to a 0.1% drop (was up 1.6%). Nonresidential spending fell another [...]

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A New Foundation: Different Fundamentals for Housing Finance

Valerie White
Senior Director, U.S. Public Finance
Standard & Poor's Ratings Services
April 2 - 10:09 am
Comments: 0

Standard & Poor’s Ratings Services’ U.S. Public Finance Housing Conference brings together respected industry participants with our team of housing analysts to discuss key topics in the affordable housing industry. The 2012 conference theme is “A New Foundation: Different Fundamentals for Housing Finance.” The conference will be held April 30-May 2, 2012, in Huntington Beach, [...]

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Live Webcast and Q&A: Is the U.S. Housing Market Bottoming Out?

Erkan Erturk
Senior Director, Structured Finance
Standard & Poor’s Ratings Services
March 13 - 11:25 am
Comments: 0

We will be giving live updates to S&P’s Housing Webcast Q&A starting at 12:00PM EST today on HousingViews.com.  It is not too late to register for the event, just click here. Topics  include: U.S. not-for-profit housing, Corporate homebuilders and REITs, and Residential mortgage-backed securities. Stay tuned!    

Also posted in Economic Data, Financial Markets, Homebuilders, Housing Data, Uncategorized | Leave a comment

U.S. Construction Industry Outlook Weak On Challenging Operating Conditions

James Fielding
Senior Director, Real Estate Finance
Standard & Poor’s Ratings Services
November 8 - 9:52 am
Comments: 0

In this CreditMatters TV segment, I describe the influence the challenging economic conditions will have on the overall U.S. construction industry, as well as the U.S. building products and materials sector.  Standard & Poor’s baseline assumption is that 2012 construction will roughly mirror 2011 activity with downside risks that include a 40% probability of a [...]

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CONSTRUCTION SPENDING ROSE 0.2% IN SEPTEMBER

Beth Ann Bovino
Senior Economist
Standard & Poor’s Ratings Services
November 1 - 10:32 am
Comments: 0

U.S. construction spending rose 0.2% in September, which was a bit weaker than the 0.3% expected by consensus. While it comes after an upwardly revised 1.6% rebound in August (was up 1.4%), July was sharply downwardly revised to a 3.3% drop (was down 1.4%), to offset the gain. Residential construction spending was up 0.7% after [...]

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When will housing start to contribute to the economic recovery?

Maureen Maitland
Vice President
S&P Indices
September 14 - 11:40 am
Comments: 0

The answer, of course, is anyone’s guess.  But next week we start another round of updates to monthly US housing data beginning Tuesday when the Census Bureau releases August 2011 housing starts statistics. The market will be looking for any indication that housing is finally rebounding, simply stabilizing at recent lows, or falling deeper into a [...]

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Housing: A plus or minus for the economy?

David Blitzer
Chairman of the Index Committee
S&P Indices
September 6 - 5:24 pm
Comments: 0

Questions from reporters over the last week, since the S&P/Case-Shiller Home Price Indices were reported on August 30th, were bearish.  One slightly positive comment was that housing is doing better than the stock market. Another attempt at optimism came from a journalist who wanted (or his editor wanted) an article that now is a good [...]

Also posted in Economic Data, Fed, Stock Market | Tagged | Leave a comment

Home remodeling faces soft demand

Kenneth Leon
Vice President, Institutional Analytical Services
Standard & Poor’s Equity Research Services
July 14 - 4:24 pm
Comments: 0

Takeaway: The remodeling market lacks momentum for large spending upgrades. Here are my views on the home remodeling market and trends. No question, still very weak. Home remodeling activity in the first quarter of 2011 was less than 50% of where it was in the first quarter of 2008, right before the sharp downturn in [...]

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