Thursday, September 25, 2014
The Architecture Billings Index (ABI) fell 2.8 points to a reading of 53.0 in August, after reaching its highest level in seven years in July. All three major sectors reported an increase in design activity during the month.
Wednesday, September 24, 2014
Wednesday, August 20, 2014
Friday, August 1, 2014
Thursday, May 22, 2014
Friday, May 16, 2014
Friday, April 18, 2014
Housing starts rose 2.8 percent in March to a 946,000-unit pace. February’s data was upwardly revised from an original negative print. Single-family starts rose, while multifamily posted a negative reading.
Weather Effect Has Largely Faded
· Housing starts posted a second monthly gain in March,
increasing 2.8 percent to a 946,000-unit pace. This closelywatched
report shows that while the housing recovery hit a
snag in December and January due to weather, it is still on
track. Although today’s gain is welcome, the reading was below
consensus estimates. Moreover, permits fell 2.4 percent, but
the decline was concentrated in multifamily.
Single-Family Starts Rebound
· Single-family starts increased 6.0 percent in March to a
635,000-unit pace, the second-straight monthly gain. The
consecutive gains in single-family starts and increase in
purchase applications should alleviate fears that the housing
recovery has lost its luster. We expect single-family starts to
increase 19 percent in 2014 and 18 percent in 2015. Multifamily
starts fell 3.1 percent on the month to a 311,000-unit pace.