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Archive for the ‘News – Construction’ Category
Home Building Picks Up in May
June 21st, 2012
Groundbreaking for single-family homes edged up 3.2 percent in May, reaching its highest level since December, the Commerce Department reported Tuesday. Single-family construction is now up 26 percent from year ago levels, as the new-home market continues to inch toward recovery.
However, the volatile multifamily market bit into the pick-up in single-family construction. Overall housing construction in May dropped 4.8 percent compared to April, pulled down by a 21.3 percent decrease in May in multifamily construction.
Still, there’s reason behind home builders’ increasing optimism about the sector: New housing permits–a future gauge of construction–soared nearly 8 percent in May, reaching the highest monthly level since September 2008.
Builders’ Feeling More Confident About Recovery
Builders’ confidence is gradually building about the market for newly built, single-family homes. Builder confidence rose one point in June and continuing the trend of several months of steady increases, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The index is now at its highest level since May 2007.
Builders in the Midwest and West seem to be the most optimistic that the new-home market is improving.
The increase in builders’ sentiment is “reflective of the continued, gradual improvement we are seeing in many individual housing markets as more buyers decide to take advantage of today’s low prices and interest rates,” says Barry Rutenberg, NAHB chairman.
However, builders continue to cite overly tight lending conditions and low appraisals as major obstacles in completing sales.
Source: “Housing Starts in U.S. Fall 4.8% in May on Apartments,” Bloomberg (June 19, 2012) and National Association of Home Builders
If you are in need of an owner’s representative for building your own dream home in Aspen or Snowmass, Colorado or simply need to know how to go about building or remodeling a house as an absentee owner in the Aspen area or the surrounding communities of Snowmass, Snowmass Village, Woody Creek or Basalt, Colorado, we are happy to assist! Please give us a call today at 970.948.8258 for a FREE consultation
Posted in New Construction | 
Tags: building permit, home sales report, housing starts, owners's representative | 
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Construction Spending Rises, Hopeful Sign for Economy
January 26th, 2012
Construction spending on single-family homes, apartments, and remodeling projects increased in November, helping the economy finish 2011 strong and start 2012 with yet another sign that points to an economy finally in recovery mode, the Associated Press reports. The news joins other recent reports that show consumer confidence is up, manufacturing activity is pushing higher, and the unemployment rate is at a three-and-a-half-year low.
Construction projects in November increased 1.2 percent in November to a seasonally adjusted annual rate of $807.1 billion, the largest increase since August. Yet, the number is still about half the $1.5 trillion pace that economists consider healthy for the sector.
“While spending on single-family construction still remains extremely depressed, it has now increased for six straight months and looks consistent with other indicators signaling some improvement in the housing market,” Daniel Silver, an economist with JPMorgan Chase, told the Associated Press.
In November, spending on home improvement projects soared 9.5 percent, the Commerce Department reports. Single-family home construction spending increased 1.5 percent, and apartment building spending increased 1.3 percent in November.
Source: “Higher Manufacturing Activity, More Construction Spending Shows Growth Accelerating,” Associated Press (Jan. 3, 2012)
If you are in need of an owner’s representative for building your own dream home in Aspen or Snowmass, Colorado or simply need to know how to go about building a house as an absentee owner in the Aspen area or the surrounding communities of Snowmass, Snowmass Village, Woody Creek or Basalt, Colorado, we are happy to assist! Please give us a call today at 970.948.8258 for a FREE consultation
Posted in Remodeling |
Tags: Construction Spending, housing market, owners's representative, single family construction |
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Which Home Improvement Projects Offer the Best Returns?
January 5th, 2012
Posted in Remodeling |
Tags: builder, building permit, Curb appeal, home improvements, remodels |
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New Website Owner Resource Services
May 17th, 2011
Owner Resource Services, LLC has just launched it’s new website. Stay tuned for informative news and updates in regards to building a home with an owner’s rep in Aspen, Co.
Leo Carmichael and Bill Hofto, principals of Owner Resource Services, provide owner’s rep services. Owner Resource Services is a construction management consultancy for home owners in the process of or contemplating building a home in Aspen, Colorado and the surrounding communities of Snowmass, Snowmass Village, Woody Creek and Basalt, Colorado.
In addition to providing owner’s rep construction services, construction business management and construction management consulting, Owners Resource Services principal Bill Hofto is a certified public accountant and offers added expertise in the areas of owner’s rep construction financial management and construction administration.
If you are in need of an owner’s representative for building your own dream home in Aspen or Snowmass, Colorado or simply need to know how to go about building a house as an absentee owner in the Aspen area or the surrounding communities of Snowmass, Snowmass Village, Woody Creek or Basalt, Colorado, we are happy to assist! Please give us a call today at 970.948.8258 for a FREE consultation.