When overseas entry to the U.S. is possible, the pool will be drained and the moveable floor installed.
After evaluating multiple safety and travel concerns related to the ongoing coronavirus pandemic, the National Association of Home Builders (NAHB) and National Kitchen & Bath Association (NKBA) recently announced its intention to move the 8th annual Design & Construction Week, which features the International Builders’ Show (IBS) and Kitchen & Bath Industry Show (KBIS) to a robust, all-virtual event platform.
While Design & Construction Week was originally scheduled to take place on Feb. 9-11, 2021 at the Orange County Convention Center in Orlando, Fla., the new all-virtual DCW 2021 will still take place the week of Feb. 8 with extended programming.
“Out of an abundance of caution and concern for the safety of our exhibitors, attendees and the thousands of onsite workers who support the premier event of the residential construction industry, we feel the only prudent course is to make this year’s show a virtual event,” says NAHB chairman
The iShares U.S. Home Construction ETF (ITB) is on fire, up over 30% year to date. This is much more than a short-term move driven by speculation – the rally in ITB is built on solid fundamentals, and the ETF looks well-positioned for sustained gains going forward.
The Fundamentals Look Strong
Before we try to understand the current situation in the housing market, it is important to understand where we are coming from. After the housing bubble exploded in 2008, housing starts have been well below average during the past decade.
Markets generally work like a rubber band, and excess in one direction can lead to subsequent excesses in the opposite direction. It is not just that new supply has been below average for a long time, but demand is also set to explode higher due to the millennial generation entering their prime home-ownership age.
WASHINGTON (AP) — U.S. construction spending increased 1.4% in August, led by a surge in single-family homes.
The gain was double the 0.7% increase in July, the Commerce Department reported Thursday, and the August gain was better than economists had been expecting. In an additional sign of strength, the government revised higher its earlier estimates for spending in July and June.
Spending on residential construction rose 3.7% ,with a 5.5% rise in spending on single-family homes offsetting a 0.1% dip in apartment construction, a smaller an more volatile sector.
Video: Weakened home affordability could impact urban flight (CNBC)
The city of Rifle is slated to start several projects which will begin this month and carry through the summer.
Waterproofing project: The Ute Theater Foundation will dig up the existing foundation of the Ute Theater and waterproof the concrete to stop leaks. High ground water levels in the past have caused drywall and carpet damage in the Ute Theater. The project funded by a Garfield County Federal Mineral Lease Grant will stop continuous repair of the changing rooms within the theater, and will be completed by mid-June.
Road rebuilding and pedestrian improvements: A rebuilding project will improve the failing Fravert Boulevard and West Fifth to Fairway Avenue. A continuous sidewalk will be added up the hill to Fairway Avenue to provide a safe pedestrian corridor. The project will begin mid-June and continue throughout the summer; 60% of this project’s funding came from the Garfield County Mineral Lease Grant.
The Badgers swimming and diving teams have competed at the Natatorium but had their training facilities at the now-demolished SERF. The Soderholm Family Aquatic Center also has a diving well, a video board and seating for around 1,000, King said.
UW Athletics paid $13.5 million toward the $96 million Nicholas Recreation Center for UW students and staff, which features 30,400 square feet of fitness space, eight full-size basketball courts and five multipurpose studios. It was slated to open last January but experienced weather and construction delays.
The $6 million Field House project includes new doors and windows, a cleaning of the exterior and construction of a new plaza outside the south entrance. It has been a priority for UW athletic director Barry Alvarez, who was critical of the crumbling walls
New home sales surge to highest level since before the Great Recession, as buyers are pushed into the construction market
The numbers: Sales of new single-family homes in August exceeded an annual rate of 1 million for the first time since 2006, as buyers were forced into the market for newly-constructed properties thanks to the dearth of home listings.
New home sales occurred at a seasonally-adjusted, annual rate of 1.011 million, the Census Bureau reported Thursday. That represents a 4.8% increase from an upwardly-revised pace of 965,000 homes in July. Compared with last year, new home sales are up 43%.
Economists polled by MarketWatch had expected home sales to drop to median pace of 900,000.
What happened: Not all parts of the country saw an uptick in sales despite the historically high rate nationally. New home sales fell 21.4% in the Midwest and 1.7%. Comparatively, the South saw the biggest increase in sales with a 13.4%, which sales volumes rose by 5% in the Northeast.
The median sales price in
HomeAid Houston has formed a construction team to provide remodeling services to Barbara’s Place, one of several homes on the campus of The Women’s Home (TWH), a rehabilitation facility that addresses societal issues such as homelessness, substance abuse, mental illness, poverty and crime. The project will provide demoing a 1,600-square-foot floor area that is a combination of wood and tile and installing new tile that has the look of rich, finished wood, and will last for years. Builder captain Matt Moriarty is working with his subcontractor Ralph Ortiz on the renovation.
“This HomeAid Care project for TWH is long overdue,” said Carole Brady, executive director of HomeAid Houston. “HomeAid is excited to partner with Matt Moriarty and his subcontractors who will be joining the team, to provide a beautiful new floor for the main areas of the home.” HomeAid Cares projects focus
New-home construction pulls back slightly, as builders shift attention away from the multifamily sector
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.
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
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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