“A combination of low interest rates; wealth effects stemming from a booming stock market and rising home prices; surging energy production; and expanding industrial output has helped position the U.S. economy for more rapid growth during the next several quarters,” says Associated Builders and Contractors Chief Economist Anirban Basu. “This will lead to more robust recovery in the U.S. nonresidential construction industry, which has also been aided by stable materials prices and improving commercial real estate fundamentals.”Read More
Sources: Superior Walls of America, New Holland, Pa.; CP staff
Convening in Las Vegas for the International Builders’ Show, the National Association of Home Builders presented its “Project of the Year Award for Green Site Development–Single-family Detached” to Clarence, N.Y.-based Natale Builders for Rivera Greens, a local subdivision whose 35 units bear on Superior Walls Xi precast foundations.Read More
Source: National Association of Home Builders, Washington, D.C.
Builder confidence in the market for new single-family homes rose three points to 59 on the NAHB/Wells Fargo Housing Market Index (HMI) for August, marking a fourth consecutive monthly gain and bringing the index to its highest level in nearly eight years.Read More