Posts Tagged ‘construction’

ADP Reports 238K Jobs Added in December

by Christopher Lemieuxon January 8, 2014 2:10 pm BST
According to the ADP non-farm payroll report, 238K jobs were added in December and the biggest report since November 2012. The general analyst consensus was 199-200K added. Last month’s revision of 215K added jobs was revised upwards to 229K. Moody’s Analytics Mark Zandi said the labor market ended on a high note in 2013, while […]

US Housing Starts Near a Six Year High

by Christopher Lemieuxon December 18, 2013 2:16 pm BST
Construction sped up to a five-year high in November as home builders increased inventory to keep up with demand. According to the Commerce Department, housing starts jumped 22.7 percent, or 1.09 million at an annualized rate. Even though mortgage rates have risen, home builders are still optimistic with the decline in existing inventories. “The economy […]

Housing Starts Rise in the U.S. But Fall Below Expectations; Productivity Increases

by Christopher Lemieuxon August 16, 2013 1:30 pm BST
Housing starts rise 5.9 percent in July to an 896,000 annualized from a revised rate of 846,000 pace in June, reflecting a rebound in multifamily homes. Single-family homes are still lacking in growth. According to the Commerce Department, multifamily construction surged 26 percent, while work began on 2.2 percent fewer single-family homes. “Things are still far […]

New Home Sales Rise in the U.S.

by Christopher Lemieuxon July 24, 2013 2:58 pm BST
Sales of new homes in the U.S. climbed 8.3 percent at an annual rate of 497,000 in June. This is the highest mark in over five years, and the demand in was the highest in the Northeast where sales climbed 18.5 percent. Sales in other parts of the country were bland with sales falling only […]