Posted in home

New-home construction pulls back slightly, as builders shift attention away from the multifamily sector

ECONOMIC REPORT



a tall building in a city: The pace of construction for new multifamily housing units slowed significantly between July and August.


© Getty Images
The pace of construction for new multifamily housing units slowed significantly between July and August.

The numbers: U.S. home builders started construction on homes at a seasonally-adjusted annual rate of 1.42 million in August, representing a 5% decrease from the previous month but a 3% uptick from a year ago, the U.S. Census Bureau reported Thursday.

Loading...

Load Error

Permitting activity occurred at a seasonally-adjusted annual rate of 1.47 million, down 1% from July but roughly even with the pace from August 2019.

Economists polled by MarketWatch had expected housing starts to occur at a pace of 1.52 million and building permits to come in at a pace of 1.55 million.

What happened: The dip in housing starts and building permits was driven by declines in multifamily construction activity. Multifamily starts fell 25% between July and August, while the number of new permits issued for multifamily

Read More
Continue Reading New-home construction pulls back slightly, as builders shift attention away from the multifamily sector
Posted in kitchen remodel cost

Beyond Construction Builders Maximizes Spaces While Minimizing Costs – Press Release

San Jose, CA – Sep 12, 2020 – The old adage “You get what you pay for,” is a concept that Beyond Construction Builders (BCB) takes very seriously. Specializing in kitchens and bathrooms, the company is dedicated to providing exceptional service and integrity in building.

BCB’s comprehensive experience enables clients to optimize their projects and minimize costs while creating highly functional and sophisticated spaces. The philosophy at Beyond Construction Builders is one of Integrity, Commitment, Safety and Value. The knowledgeable experts have access to an outstanding range of materials that will provide the durability and fashionable appearance that discerning clients want.

The company offers a line of solid frame, semi-custom cabinets from which to choose from. Available in nine different styles, the cabinets feature hardware from the well-known German manufacturer Blum. Clients can also select from among six European-style frameless kitchen cabinets.

The company offers an extensive array of pre-construction

Read More
Continue Reading Beyond Construction Builders Maximizes Spaces While Minimizing Costs – Press Release
Posted in home remodeling

HP Launches The World’s Easiest Plotters for Architect, Engineer, Construction and Home Offices

The MarketWatch News Department was not involved in the creation of this content.

PALO ALTO, Calif., Sept. 09, 2020 (GLOBE NEWSWIRE) — HP Inc. (NYSE: HPQ) has announced the release of a new HP DesignJet portfolio aimed to simplify the printing needs of construction ecosystem professionals (architects, engineers, constructors and subcontractors), while delivering high-quality and fast print-outs at a low cost.

The new HP DesignJet series comprises intelligent, flexible, compact and stylish printers, that are unique to other types of plotters on the market today. With HP Click software, one-click printing – even for documents of different sizes – is made easy. Combined with the automatic A3/B tray, it enables to print multi-size projects automatically – A3/B and A1/D or A0/E – without manually switching the media source. The new HP DesignJet series also enables seamless printing and management from any connected device, wherever you are, thanks to the HP

Read More
Continue Reading HP Launches The World’s Easiest Plotters for Architect, Engineer, Construction and Home Offices
Posted in kitchen remodel cost

Mechanicsburg moves ahead with school construction, expansion plans | Mechanicsburg

Expansion

The high school addition would include large group instruction areas, new science classrooms and labs, regular classrooms and collaborative areas, according to architect sketch plans presented at a district finance and facilities committee meeting held Aug. 25.

Since March, the high school addition’s estimated costs were reduced from an original sum of $20,283,774 to a current total of $19,687,701 by “refining” square footage in the proposed building addition, district officials said this week.

The district also is considering renovating the existing high school building but has put off borrowing for that project at this time. That work presently holds an estimated cost of $55,759,150.

Planned work at Broad Street involves constructing a single-story addition with four regular classrooms, one open collaborative-style classroom, dedicated rooms for art and music, and a new media center. A small addition to the school’s existing kitchen is also in the works, as well as

Read More
Continue Reading Mechanicsburg moves ahead with school construction, expansion plans | Mechanicsburg
Posted in drywall repair

Construction begins on naval archives complex at Navy Yard | Local

Naval History and Heritage Command (NHHC) held a groundbreaking ceremony Aug. 5, at the Washington Navy Yard to mark the start of the construction of a new Operational Archives and Repository Complex.

Chief of Naval Operations (CNO) Adm. Mike Gilday spoke at the ceremony and delivered the initial blow to the ceremonial drywall to commemorate the start of construction.

“This new project underscores the vital role the Naval History and Heritage Command serves in preserving our Navy’s institutional memory,” said Gilday. “With this archival complex we will continue to remember and present an accurate history of our Navy and tell the stories of those who have gone before us for generations to come.”

The Navy is renovating the buildings into a modern complex that will meet Navy standards for the protection and care of the Navy’s intellectual property and some of the Navy’s most at-risk collections. The current facilities were

Read More
Continue Reading Construction begins on naval archives complex at Navy Yard | Local
Posted in home improvement

New Home Construction in Canada Hits Its Highest Since 2007

(Bloomberg) — Construction on new homes surged to the highest level in more than a decade as Canada’s housing market continues to defy expectations of a slowdown.

Housing starts surged to 262,396 units in August on an annualized basis, up 6.9% from an already elevated 245,425 units a month earlier, Canada Mortgage and Housing Corp. said Wednesday in Ottawa. The highest monthly total since September 2007 was powered by new construction in Toronto and Vancouver, particularly multiple units like condos.

It’s the latest sign of a housing market that’s booming, even as the economy emerges from the steepest downturn since the Great Depression. Prices for existing homes in the largest cities such as Toronto have climbed to record highs on the back of strong demand, scant inventory and historically low borrowing costs.

Multiple-unit starts in Toronto surged in Toronto, Vancouver and Ottawa, CMHC said. But there may be drawbacks.

“The

Read More
Continue Reading New Home Construction in Canada Hits Its Highest Since 2007