Commercial Construction

Builder confidence is up in August

Builder confidence is up in August, particularly among builders of single-family homes, according to one national builders’ organization. The National Association of Home Builders (NAHB) says the August builder confidence level rose four points over the July level to 68. The NAHB/WellsFargo Housing Market Index (HMI) surveys commercial and residential builders across the U.S. and […]

Open! Discovery Village at the Forum!

Open! Discovery Village at the Forum! Fort Myers’ newest and most luxurious independent living center is now formally opened and brand new! The formal ribbon-cutting ceremony took place August 2. “Our residents are always top of mind, and Discovery Senior Living pride ourselves on providing the best lifestyle possible to promote overall well-being and happiness,” said Richard J. […]

Construction added 16,000 new jobs

Construction added 16,000 new jobs in June, and increase of just over three percent from June 2016, according to U.S. Bureau of Labor Statistics. That translates into 206,000 new construction jobs, nationwide. The construction industry currently employs almost 7 million people. The Bureau of Labor Statistics is a division of the U.S. Department of Labor. […]

Construction spending was up in May

Construction spending was up in May, according to the latest report from the U.S. Department of Commerce, up for the month and up from 2016. “Construction spending during May 2017 was estimated at a seasonally adjusted annual rate of $1,230.1 billion, nearly the same as…the revised April estimate of $1,230.4 billion,” said the Commerce Department. “The […]

Starter home sales continue to lag

Starter home sales continue to lag in the second quarter of 2017, according to surveys, as do trade-up home sales and overall home inventory shrinks. This according to Trulia’s most recent Inventory & Price Watch report. “U.S. home inventory tumbled 8.9% over the year in the second quarter of 2017, and has now fallen for […]

Construction jobs bill passed the U.S. House

A construction jobs bill passed the U.S. House of Representatives last week but it’s unclear if the measure will make it through the U.S. Senate and into law. The House re-authorized the Perkins Act, a law originally adopted in 1948 and overhauled in 2006 which authorizes money to high schools and post-secondary schools for student […]