Apartment Construction Times Lengthened in 2017

The average length of time to complete construction of a multifamily building, after obtaining authorization, was 15.7 months according to the 2017 Survey of Construction (SOC) from the Census Bureau. The authorization-to-completion time has been on an upward trend...

Lumber Prices Increase While Gypsum Falls in June

The prices of building materials generally increased in June, according to the latest Producer Price Index (PPI) release by the Bureau of Labor Statistics. For the second consecutive month, softwood lumber (+4.0%) led the way, followed by oriented strand board (+2.2%,...

Housing Share of GDP: First Quarter 2018

With the release of the final estimate of first quarter 2018 GDP growth (2% growth rate), housing’s share of gross domestic product (GDP) declined slightly to 15.3%. The home building and remodeling component – residential fixed investment – held steady at 3.5%....
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