Majority of construction spending goes into nonresidential, dominated now by a spending spree on factories. By Wolf Richter for WOLF STREET. Total construction spending ticked up to a record of $199 billion in July, up by 7.5% from […]
Higher interest rates bit, but builders adjusted to them. By Wolf Richter for WOLF STREET. Construction starts of single-family houses and units in multifamily buildings (condos and apartments), fell by 9% in 2023, to 1.41 million housing units, […]
Homebuilders and developers have adjusted to new reality of higher rates, growth back on track, for single-family since February, for multifamily since August. By Wolf Richter for WOLF STREET. Confronted with mortgage rates that make it tough to […]
(Reuters) — The Biden administration has determined that restarting construction on the Mountain Valley Pipeline won’t significantly jeopardize rare fish and other endangered species along its path, clearing a major hurdle that was keeping developers […]
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