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Posts Tagged ‘News’

35% Increase In Houston Foreclosures

July 30, 2010 Leave a comment

More than half of the 206 U.S. metropolitan areas with a population of 200,000 or more, including Houston, posted year-over-year increases in foreclosure activity — even while foreclosure activity decreased in nine of the 10 metros with the highest foreclosure rates, according to a report Thursday from RealtyTrac Inc.

Four states — California, Florida, Nevada and Arizona — accounted for all top 20 metro foreclosure rates. Florida led the way, with nine of the top 20 metro foreclosure rates, followed by California with eight, Nevada with two and Arizona with one.

Houston ranked No. 109 with 19,137 properties receiving a foreclosure filing during the first half of the year, an increase of 7.3 percent from the previous six months and 34.6 percent higher than the first half of 2009. That means that one out of 117 properties received a foreclosure filing between January and June 2010.

Read more: Houston foreclosures up 34.6% over last year – Houston Business Journal

Categories: News

Since 2002 Construction Spending Has Never Been Lower

April 5, 2010 Leave a comment

Builders cut back on new projects at a faster-than-expected pace in February and drove down construction spending to the lowest level in eight years. It was a fresh sign that the troubled real-estate market remains a sore spot for the economic recovery.

The Commerce Department reported Thursday that spending on construction projects around the country fell by 1.3 percent to a seasonally adjusted annual rate of $846.23 billion. That was the lowest level since November 2002.

Well I guess we have no where to go but up, right?

Categories: Construction, News

Daily Fill: Headlines & News

March 26, 2010 Leave a comment
Categories: Daily Fill, News

Daily Fill: Headlines & News

March 24, 2010 Leave a comment
Categories: Daily Fill, News

Daily Fill: Headlines & News

March 23, 2010 Leave a comment
Categories: Daily Fill, News

Daily Fill: Headlines & News

March 22, 2010 Leave a comment
Categories: Daily Fill, News

Increase In Construction For February

March 19, 2010 Leave a comment

According to McGraw-Hill Construction things are looking up, at least in some sectors in February with a 5% bump in job starts.

At a seasonally adjusted annual rate of $440.9 billion, new construction starts in February climbed 5% from the previous month.  Much of the lift was provided by the public works sector, reflecting strength for both transportation and environmental projects.  Residential building also showed improvement in February, but nonresidential building slipped back after January’s gain.  For the first two months of 2010, total construction on an unadjusted basis came in at $57.2 billion, essentially the same amount as reported during the first two months of 2009.

February 2010 Construction Starts

 

JANUARY 2010 CONSTRUCTION STARTS

MONTHLY SUMMARY OF CONSTRUCTION STARTS
Prepared by McGraw-Hill Construction Research & Analytics

Monthly Construction Starts
Seasonally Adjusted Annual Rates, In Millions of Dollars

    February 2010   January 2009   % Change
 Nonresidential Building  $147,260  $158,322  -7
 Residential Building  $141,282 $134,007  +5
 Nonbuilding Construction  $152,317  $127,655  +19
  Total Construction  $440,859  $419,984  +5

The Dodge Index
(2000=100, Seasonally Adjusted)

February 2010 ……………………… 93
January 2010 ……………………….. 89

YEAR-TO-DATE CONSTRUCTION STARTS
Unadjusted Totals, In Millions of Dollars

  2 Mo. 2010   2 Mo. 2009   % Change
 Nonresidential Building  $21,125  $25,453  -17
 Residential Building  $17,274 $13,588  +27
 Nonbuilding Construction  $18,833  $18,093  +4
  Total Construction  $57,232  $57,134  0

[McGraw Hill Forecasts & Trends]

Categories: Construction, News