Category Archives: Construction

U.S. Homebuilders Look Forward To A Favorable 2014

A Housing Recovery Is Buttressing U.S. Homebuilders’ Credit Quality

Although the U.S. economic recovery remains tepid and 2012 job growth was lackluster at best, activity in one area—new home sales—was markedly hotter, jumping 20% in 2012 compared with 2011. Contributing to this growth were record home affordability, rising apartment rents, an increase in household formations, and a limited supply of existing homes for sale. […]

U.S. Housing And Residential Mortgage Finance 2013 Outlook: The Nascent Recovery Is Likely To Continue

The U.S. housing market continues to show signs of recovery, outpacing the relatively weak U.S. economic recovery. Standard & Poor’s baseline forecast assumes that the U.S. economy will continue to grow slowly in 2013, avoiding any substantial negative economic impact from the looming fiscal cliff and growing federal deficit. The U.S. economy grew 3.1% in […]

Why The Outlook For U.S. Homebuilders Is Stable

U.S. Construction Spending Fell 0.6% In August

U.S. construction spending fell by 0.6% month-over-month in August, much weaker than the 0.5% gain expected by consensus and the second straight monthly decline after three consecutive months of gains. It is still up 6.5% over last August, and comes after a revised 0.4% decline in July (was down 0.9%). Total private construction was down […]

Economic Research: Spain’s Housing Market May Need Four More Years To Rebalance

House prices in Spain are a key variable in the performance of the country’s economy. The housing boom built up unsustainable imbalances, such as an oversupply of dwellings, which will need to fully correct before a sustainable recovery takes place. The unwinding has begun: House prices have dropped 22% in nominal terms between first-quarter 2008 […]

U.S. Home Buyers Return To The Market, But Can Builders Deliver?

Home Prices Continue to Rise in May 2012 According to the S&P/Case-Shiller Home Price Indices

Data through May 2012, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed that average home prices increased by 2.2% in May over April for both the 10- and 20-City Composites. To access click here: S&P/Case-Shiller Home Price Indices – July 2012

Home Prices Rise in April 2012 According to the S&P/Case-Shiller Home Price Indices

Data through April 2012, released today by S&P Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed that on average home prices increased 1.3% in the month of April for both the 10- and 20-City Composites. To access click here: S&P/Case-Shiller Homes Price Indices – June 2012

May U.S. Housing Starts Dropped by 4.8% to a 708,000 Unit Pace

U.S. housing starts dropped by 4.8% to a 708,000 unit pace in May, which was much weaker than the 725,000 expected by consensus and our 720,000 forecast. However, it comes after April starts were upwardly revised to a 744,000 unit pace (was 717,000 units). March starts were also upwardly revised to 706,000 units from 699,000. […]

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