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Construction News

Sun, Apr 11th, 2021
Ready to buy a home? The trick is finding or affording one

LOS ANGELES (AP) — Nathan Long and Lili Chin have struck out so far in their four-month search to find an affordable home in the Los Angeles area — a cold streak that threatens to mess up their anniversary...

New to DC, Buttigieg looks to build bridges with Biden plan

WASHINGTON (AP) — was a few weeks into his job as transportation secretary, buried in meetings and preparing for the launch of President Joe Biden’s $2.3 trillion public works plan, when evening arrived...

Mortgage rates remain steady, 30 year loan edges up 3.18%

Mortgage rates were virtually unchanged this week, but signs indicate that the housing market is constrained by higher prices and low inventory.

A closer look at Biden's infrastructure and tax proposals

President Joe Biden says his proposal for would require $2.3 trillion in spending over eight years but could create millions of jobs. It would be funded by higher corporate taxes.

Dems aim for July vote as Congress digs in on infrastructure

WASHINGTON (AP) — Even before President Joe Biden unveiled his $2.3 trillion infrastructure plan, congressional committees were laying the groundwork for a major public works investment with the goal...

Dems aim for July vote as Congress digs in on infrastructure

WASHINGTON (AP) — Even before President Joe Biden unveiled his $2.3 trillion infrastructure plan Wednesday, congressional committees were laying the groundwork for a major public works investment with...

A closer look at Biden's infrastructure and tax proposals

President Joe Biden says his proposal for would require $2.3 trillion in spending over eight years but could create millions of jobs. It would be funded by higher corporate taxes.

Feb. US home contract signings tumble, now lag year-ago pace

SILVER SPRING, Md. (AP) — The number of Americans who signed contracts to buy homes last month fell by the most since last year's virus outbreak sent the economy into freefall.

US home prices soared in January by most in seven years

WASHINGTON (AP) — U.S. home prices increased at the fastest pace in seven years in January as the pandemic has fueled demand for single-family houses even as the supply for such homes shrinks.

Biden economic plan to focus 1st on infrastructure this week

WASHINGTON (AP) — President Joe Biden will lay out the first part of his multitrillion-dollar economic recovery package this week, focusing on rebuilding roads, bridges and other infrastructure, followed...

Path from Clinton to Biden takes U-turn on debt, trade, more

WASHINGTON (AP) — When Bill Clinton spoke of how to build a bridge to the 21st century, it was to be constructed with balanced budgets, welfare recipients who found jobs and expanded global trade.

Buttigieg pitches 'once in a generation' infrastructure fix

WASHINGTON (AP) — Transportation Secretary Pete Buttigieg called for a once in a generation infrastructure investment Thursday that would address a massive backlog in needed improvements for the nation's...

US 30-year mortgage rates jump to 3.17%, highest since June

McCLEAN, Va. (AP) — U.S. long-term mortgage rates jumped to their highest level since June, though still remain near historic lows.

New Zealand spends billions to slow skyrocketing home prices

HAMILTON, New Zealand (AP) — New Zealand will spend billions of dollars to encourage more home building and will also remove some tax breaks for speculators as it tries to slow skyrocketing house prices....

Existing US home sales fell in February, while prices rose

Sales of previously occupied U.S. homes slowed last month as rising prices and a dearth of homes for sale kept some would-be buyers on the sidelines.

Supply bottlenecks leave ships stranded, businesses stymied

NEW YORK (AP) — A trade bottleneck born of the COVID-19 outbreak has U.S. businesses anxiously awaiting goods from Asia — while off the coast of California, dozens of container ships sit anchored,...

US long-term mortgage rates edge higher; 30-year at 3.09%

WASHINGTON (AP) — U.S. long-term mortgage rates continued to edge higher this week as the benchmark 30-year loan stayed above the 3% mark. Rates remain near historic lows, however.

US housing construction tumbled 10.3% in February

WASHINGTON (AP) — Severe winter weather in much of the country pushed home construction down a sharp 10.3% in February while applications for new construction fell by 10.8%.

Pritzker Architecture Prize awarded to Paris-based duo

The Pritzker Architecture Prize, the field's highest honor, has been awarded to the Paris-based duo of Anne Lacaton and Jean-Philippe Vassal for “prioritizing the enrichment of human life," especially...

This Week: Industrial production, housing starts, Nike earns

A look at some of the key business events and economic indicators upcoming this week:

Chart of the Day

LGI Homes Inc (LGIH)

The Barchart Chart of the Day  belongs to the entry level homebuilder LGI Homes (NASDAQ: LGIH ).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the...
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