Lennar predicts national housing slowdown

Despite Residential Slowdown, Construction Adds 13K Jobs in June

Engineering News-Record Engineering News-Rec... | 1 year ago

July 8, 2022 Scott Judy KEYWORDS Construction Jobs / Labor / Specialty Construction Order Reprints No Comments Buoyed by continued gains among nonresidential specialty trade contractors, overall construction employment increased by 13,000 jobs during June, the Bureau of Labor Statistics reported. The industry's unemployment rate decreased...

Lennar Corp. plans Wilson County residential development

bizjournals bizjournals | 1 year ago

Lennar Homes expects to start development on a 106-home project in Wilson County before the end of the year.

New construction figures show slowdown in resi sector

The voice of the UK mortgage i... The voice of the UK ... | 1 year ago

This, the report issued by S&P Global/CIPS UK says, is the lowest reading seen in four months. Added to this is the fact that business activity expectations are the least upbeat since August 2020. The residential sector saw the weakest performance, where the activity index dropped from 53.8 in April to 50.7 in May. S&P Global Market Intelligence director Tim Moore says that residential construction activity, “was close to stagnation in May, which represented...

Nashville homebuilders remain confident despite fears of recession, national slowdown

bizjournals bizjournals | 1 year ago

U.S. homebuilder sentiment is falling fast as fears of a recession loom, but three local homebuilders say the local market is in good shape. "Middle Tennessee is insulated right now from a lot of the negativity around the country."

Construction output dips amid economic slowdown fears

Construction news, jobs and co... Construction news, j... | 1 year ago

The decrease came from a fall in repair and maintenance of 2.4%, which was slightly offset by a 0.9% rise in new work. The main sectors dragging down overall growth were private housing repair and maintenance, and private commercial new work, which dropped by 6.5% and 3.8%, respectively. This hints at falling confidence about spending among home owners at large and commercial property developers. Though ONS economists blamed the drop in RMI work on a previous March high in the aftermath of sto...

BayFirst National Bank withdraws from residential mortgage business

housingwire housingwire | 1 year ago

BayFirst National Bank originated about $1.6 billion in residential mortgage over the past year and has 232 registered LOs nationwide. The post BayFirst National Bank withdraws from residential mortgage business appeared first on HousingWire.

Local residential brokerage to join growing national firm

bizjournals bizjournals | 1 year ago

More than 400 agents are part of the local organization.

Q&A: The state of Nashville's luxury home market amid national slowdown

bizjournals bizjournals | 1 year ago

Jamie Duncan, owner of luxury homebuilder Build Nashville, spoke with the Business Journal about why she's not concerned by shifts in the market and where she'd like to build next.

Residential towers hit construction milestones in St. Pete

bizjournals bizjournals | 1 year ago

Several high-rise construction projects are expected to bring more than 1,000 residential units to St. Pete.

First National saw revenue rise 29% in 2023 despite drop in residential mortgage volumes - Mortgage ...

Canadian Mortgage Trends Canadian Mortgage Tr... | 1 month ago

First National wrapped up a “successful” 2023 in spite of challenging economic conditions and a drop in its residential mortgage originations. Canada’s largest non-bank lender reported a 28% rise in net income in 2023, thanks to commercial mortgage volumes offsetting a decline in its residential mortgage originations. “Despite challenging market conditions brought on by the cumulative effect of higher interest rates, total originations including renewals came close to equalling our pr...