Women in Construction

    By Na Zhao Women remain underrepresented in the construction industry, although they currently make up almost half (47 percent) of the total working population. The share of women employed in construction has stayed relatively constant, around 9 percent since 2002. Women play a number of roles in the construction industry, such as administrative, professional, managerial, construction, and production occupations. We explore the state of women in the construction industry using the labor force statistics from the Current Population Survey (CPS).The number of women employed in the construction industry…

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A Modest Increase in the “Core” CPI in August

The CPI increased by 2.7% at a seasonally adjusted annual rate while the “core” CPI rose modestly in August. The Consumer Price Index (CPI), reported by the Bureau of Labor Statistics (BLS), rose at a seasonally adjusted annual rate of 2.7% in August, after the 2.1% increase in July. Excluding the volatile food and energy components, “core” CPI increased at a seasonally adjusted annual rate of 1.0%, slower than the 3.0% increase in July. READ MORE Source: NAHB

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Housing Market Could Help Leverage Homebuilder ETF

Based on the Modern Homebuyer Survey, almost half of the participants cited that the competition for home buying is decreasing, which could bode well for traders looking to leverage homebuilder ETFs like the Direxion Daily Homebuilders and Supplies Bull and Bear 3X Shares (NYSEArca: NAIL). The survey results showed that more than 50% of participants felt competition is thinning in areas like Colorado, California and New York. This could signal an impending shift from a seller’s market to a buyer’s market, which could force the hand of homebuilders to meet increased demand….

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9/14: MetroIntelligence Econ Update,P.DUFFY

Beige Book: National economy continues to expand, but 1/4 of districts reporting weaker growth According to the latest Federal Reserve Beige Book, 3 of the 12 districts (St. Louis, Philly and Kansas City) reported weaker growth in August. Although the national economy continued expanding at a moderate pace, trade concerns and challenges finding workers have delayed some businesses from moving forward. READ MORE   August CPI up 0.2 percent from July and 2.7 percent year-on-year The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in August on…

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The US economy cratered in 08. How far it’s come

Low unemployment. Stock market records. Rising home prices. The US economy is in pretty good shape today. Ten years ago, it was about to fall off a cliff. This month is the anniversary of the meltdown in financial markets, which turned a regular recession into the Great Recession. Millions of people lost their jobs, and millions more lost their homes. The recovery has been uneven, but the progress is impressive. READ MORE Source: CNN Money

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Modular Buildings Changing the Construction Industry

When most people hear the word “modular” with respect to buildings, they often mistakenly picture cheaply built mobile homes sitting atop flatbed trucks cruising down the highway. In other words, modular is regarded as somewhat of a four-letter word. But modular construction practices aren’t equivalent to manufactured homes, and the industry in North America is finally waking up to the fact. By way of definition, modular or offsite construction “involves the process of planning, designing, fabricating, transporting and assembling building elements for rapid site assembly to a greater degree of…

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CoreLogic Performance Insights Find Overall US Delinquency & Foreclosure Rate

CoreLogic Loan Performance Insights Find Overall U.S. Mortgage Delinquency and Foreclosure Rates Lowest for June in 12 Years CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report. The report shows that, nationally, 4.3 percent of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in June 2018, representing a 0.3 percentage point decline in the overall delinquency rate compared with June 2017, when it was 4.6 percent. As of June 2018, the…

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US home refinancing falls to lowest since Dec 2000

U.S. mortgage refinancing activity declined to its lowest level in more than 17-1/2 years last week as home borrowing costs rose, the Mortgage Bankers Association said on Wednesday. The Washington-based trade group said its seasonally adjusted index on applications to refinance an existing home fell 5.9 percent to 884.3 in the week ended Sept. 7. This was the weakest reading since December 2000. Interest rates on 30-year, fixed-rate conforming mortgages, whose loan balances are $453,100 or less, averaged 4.84 percent, up from 4.80 percent the previous week, MBA said. READ…

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Flower-shaped solar panel sold in the US

Homes of the future will increasingly be built with sustainability in mind; California will require solar panels on all new homes by 2020. But exactly what that solar power might look like may surprise you. The bulky tack-on solar panels will be something of the past, and companies like Tesla, Sistine Solar, and Forward Labs are introducing sleeker, low-profile designs that cleverly blend into, if not actually serve as, the roofing of the house. One of the most interesting designs we’ve been following is the SmartFlower. Originally an Austrian company but now based in Boston, Massachusetts, the SmartFlower is a…

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First ‘Energy-Free’ Community Coming to Frisco

They will break ground in Frisco Wednesday on what may be a first-of-its-kind community anywhere – a development full of homes that are energy-free and maintenance-free. By energy-free, the homebuilder, The New Modern Home, of Plano, is referring to a house that generates enough electricity through solar power to result in no electric bill. And by maintenance-free the builder is referring to his use of materials — masonry and steel instead of wood and siding — that should not require upkeep or major repairs down the line. “I am here for…

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