A big coalition of business groups says there must be give-and-take in the negotiations to avoid the “fiscal cliff” of massive tax increases and spending cuts. But raising tax rates — a White House priority — is out of the question, the group adds.
Another strong gain in homebuilding pushed U.S. construction spending up for a third straight month in June, a further indication that the battered housing industry is showing signs of life.
The U.S. housing market will begin to mount a turnaround this year, building toward a solid recovery in 2013, according to a forecast by the chief economist of a homebuilding industry trade group.
The depressed housing market has held the economy back for four years. No longer.
By Derek Kravitz and Martin Crutsinger AP Business Writers Washington — Home construction in January rose at the fastest rate in 20 months, pushed up by a spike in apartment building. But construction of single-family homes declined, a sign that demand for housing remains weak. Builders broke ground on new homes and apartments at a [...]
By ALAN ZIBEL AP Real Estate Writer WASHINGTON (AP) — Home construction plunged last month to the lowest level since October as the economy remained weak and demand for housing plummeted. But driving the June decline was a more than 20 percent drop in condominium and apartment construction, which makes up a small but volatile [...]
By Brian Johnson Dolan Media Newswires Minneapolis — A group of Minnesota homebuilders will lend a hand in the massive effort to rebuild earthquake-stricken Haiti. On Dec. 1-8 and Dec. 8-15, an 18-member delegation, representing nine Twin Cities homebuilding firms, will participate in separate building missions about 35 miles outside of Port-au-Prince, according to the [...]
Published: April 1, 2010
Tags: builders, ClearView Economics, Commerce Department, commercial real estate, commercial ventures, construction spending, East Coast, highways, homebuilding, housing, streets
By Jeannine Aversa AP Economics Writer Washington — U.S. 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 [...]
Published: March 31, 2010
Tags: Congress, homebuilding, Hovnanian Enterprises, KB Home, lobby, Meritage Homes, NAHB, National Association of Home Builders, Occupational Safety and Health Administration, osha, tax credit, White House
Los Angeles (AP) — The homebuilding industry’s main trade association spent $1.1 million in the fourth quarter lobbying Congress, the White House and several government agencies on housing, taxes, health care and other issues, according to a disclosure report. The National Association of Home Builders shelled out about 49 percent more than the $740,000 it [...]
By Brian Johnson Dolan Media Newswires Minneapolis — Twin Cities homebuilding activity in 2009 was no match for the juggernaut years of the mid-2000s, but a late-year rally gave builders reason to believe that the industry’s recovery is just around the bend. “The train will pick up a little more speed” in 2010, said Mike [...]