Archive for the ‘News – Construction’ Category
Construction Spending Rises, Hopeful Sign for Economy
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
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New Website Owner Resource Services
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.
