[construction x]

More on the Economy - Housing Trends

Posted by Bruce W. Woolpert on Mar 18, 2015

The Federal Reserve realizes that the U. S. economic recovery is not likely to strengthen appreciably until residential construction recovers. The recent agreement between state attorney generals and major U.S. banks to resolve disputes regarding the handling of housing foreclosures is a plus. Now progress can be made in dealing with the shadow inventory of housing that is in default or mortgages that remain unpaid. In communities with a high number of shadow inventory homes, it is very difficult to get the housing construction sector started again because buyers fear that home prices will go down when the shadow inventory is put on the market.
Read More

WHAT LESSONS HAVE WE LEARNED OVER THE LAST 112 YEARS?

Posted by Bruce W. Woolpert on Mar 18, 2015

When an organization extends over more than one hundred years, many opportunities arise to reflect on the achievement.  I am often asked, “So what lessons are there from the last 112 years for you and Graniterock People?”  It’s a good question.
Read More

More on the Economy - Construction Added Jobs

Posted by Bruce W. Woolpert on Mar 18, 2015

The U. S. Economy added 243,000 jobs in January – the fastest rate since April, 2011. The increase appears to be a solid one based on economic information collected in government surveys. The official government unemployment rate declined from 8.5% to 8.3%. Manufacturing added 50,000 jobs and 21,000 new jobs were added to construction. In a separate household survey, a huge 847,000 increase in employment for January was found. It takes some months for employment data to shake-out but all point to a continued recovery with lowered danger of a double-dip recession. A better job outlook may encourage disappointed job seekers to return to the job market pushing up the unemployment rate.
Read More

Recent Posts


Tags