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Output booming but construction buyers fear for future

Output booming but construction buyers fear for future

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Output booming but construction buyers fear for future
Output booming but construction buyers fear for future
Output booming but construction buyers fear for future
Output booming but construction buyers fear for future
Construction news, jobs and co... Construction news, j... | 2 years ago
Business optimism sinks to 17-month low amid ongoing inflation and impact of Ukraine war
Business optimism sinks to 17-month low amid ongoing inflation and impact of Ukraine war
Construction buyers report first drop in output for 18 months
Construction buyers report first drop in output for 18 months
Construction buyers report first drop in output for 18 months
Construction buyers report first drop in output for 18 months
Construction news, jobs and co... Construction news, j... | 1 year ago
Commercial work saw the only increases as civils and housing falls dragged down the bellwether S&P Global/CIPS UK Construction Purchasing Managers’ Index to 48.9 in July from 52.6 in June. The index was below the crucial 50 no-change threshold for the first time since January 2021 and the rate of decline was the fastest since May 2020. Civil engineering was the worst-performing segment in July (index at 40.1), with business activity falling to the greatest extent since October 2020. House bu...
Commercial work saw the only increases as civils and housing falls dragged down the bellwether S&P Global/CIPS UK Construction Purchasing Managers’ Index to 48.9 in July from 52.6 in June. The index was below the crucial 50 no-change threshold for the first time since January 2021 and the rate of decline was the fastest since May 2020. Civil engineering was the worst-performing segment in July (index at 40.1), with business activity falling to the greatest extent since October 2020. House bu...
Recovery slows as storm clouds gather over construction
Recovery slows as storm clouds gather over construction
Recovery slows as storm clouds gather over construction
Recovery slows as storm clouds gather over construction
Construction news, jobs and co... Construction news, j... | 1 year ago
Industry "moving towards a more subdued recovery phase"
Industry "moving towards a more subdued recovery phase"
Could cracks in housing be good news for buyers?
Could cracks in housing be good news for buyers?
Could cracks in housing be good news for buyers?
Could cracks in housing be good news for buyers?
Broadcast Media Production and... Broadcast Media Prod... | 1 year ago
CNBC's Diana Olick joins 'The Exchange' to discuss recent housing data, which seems to show there are cracks forming in the housing market, and that could be good news for buyers.
CNBC's Diana Olick joins 'The Exchange' to discuss recent housing data, which seems to show there are cracks forming in the housing market, and that could be good news for buyers.
Construction buyers report return to growth
Construction buyers report return to growth
Construction buyers report return to growth
Construction buyers report return to growth
Construction news, jobs and co... Construction news, j... | 1 year ago
But optimism for future prospects dropped to its lowest level for two years as the prospects of higher interest rates and a downturn in the wider UK economy cast a cloud on construction. The S&P Global/CIPS UK Construction Purchasing Managers’ Index hit 52.3 in September from 49.2 in August – above the crucial 50 no-change mark for the first time since June. House building was the best-performing category in September (index at 52.9), with growth reaching a five-month high. Commercial wor...
But optimism for future prospects dropped to its lowest level for two years as the prospects of higher interest rates and a downturn in the wider UK economy cast a cloud on construction. The S&P Global/CIPS UK Construction Purchasing Managers’ Index hit 52.3 in September from 49.2 in August – above the crucial 50 no-change mark for the first time since June. House building was the best-performing category in September (index at 52.9), with growth reaching a five-month high. Commercial wor...
Construction buyers report activity drop for second month
Construction buyers report activity drop for second month
Construction buyers report activity drop for second month
Construction buyers report activity drop for second month
Construction news, jobs and co... Construction news, j... | 1 year ago
The index was up slightly at 49.2 for August from  48.9 in July but still below the crucial 50 no-change mark signalling another reduction in construction activity over the month. Civil engineering posted the sharpest decline in activity while commercial work also declined ending a period of growth stretching back for a year-and-a-half and activity on housing projects increased for the first time in three months. New orders increased only marginally in August and at the lowest rate since June...
The index was up slightly at 49.2 for August from  48.9 in July but still below the crucial 50 no-change mark signalling another reduction in construction activity over the month. Civil engineering posted the sharpest decline in activity while commercial work also declined ending a period of growth stretching back for a year-and-a-half and activity on housing projects increased for the first time in three months. New orders increased only marginally in August and at the lowest rate since June...
Why rate hikes could be good news for home buyers (Podcast)
Why rate hikes could be good news for home buyers (Podcast)
Why rate hikes could be good news for home buyers (Podcast)
Why rate hikes could be good news for home buyers (Podcast)
themortgagereports.com themortgagereports.c... | 1 year ago
Higher rates aren’t always a bad thing You’ve probably heard that the Federal Reserve raised its benchmark rate this month. Scary, right? It probably means sky-high mortgage rates and an even more challenging market for homebuyers. Or maybe it doesn’t. According to mortgage expert Shivani Peterson, there are actually some serious benefits to the Fed increasing its federal funds rate. Peterson explained these advantages in a recent episode of The Mortgage Reports Podcast. Here are the bigge...
Higher rates aren’t always a bad thing You’ve probably heard that the Federal Reserve raised its benchmark rate this month. Scary, right? It probably means sky-high mortgage rates and an even more challenging market for homebuyers. Or maybe it doesn’t. According to mortgage expert Shivani Peterson, there are actually some serious benefits to the Fed increasing its federal funds rate. Peterson explained these advantages in a recent episode of The Mortgage Reports Podcast. Here are the bigge...
Good News for Buyers as More Listings and Lower Prices Join the Market |
Good News for Buyers as More Listings and Lower Prices Join the Market |
Good News for Buyers as More Listings and Lower Prices Join the Market |
Good News for Buyers as More Listings and Lower Prices Join the Market |
cmgfi cmgfi | 2 years ago
Mortgage rates have been trending higher, housing supply has been painfully low, and home prices have been soaring to new heights. Little good news has spawned from the housing market in recent months. But recent reports are offering hope for many discouraged home buyers. According to Realtor.com and Redfin, more listings are coming up in the market and more home sellers are lowering their asking prices.
Mortgage rates have been trending higher, housing supply has been painfully low, and home prices have been soaring to new heights. Little good news has spawned from the housing market in recent months. But recent reports are offering hope for many discouraged home buyers. According to Realtor.com and Redfin, more listings are coming up in the market and more home sellers are lowering their asking prices.
September housing data shows buyers are sitting on the sidelines - Mortgage Rates & Mortgage Broker ...
September housing data shows buyers are sitting on the sidelines - Mortgage Rates & Mortgage Broker ...
September housing data shows buyers are sitting on the sidelines - Mortgage Rates & Mortgage Broker ...
September housing data shows buyers are sitting on the sidelines - Mortgage Rates & Mortgage Broker ...
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
The country’s largest metro areas all saw steep declines in home sales in September as would-be homebuyers wait on the sidelines. This was especially true in the Greater Toronto Area, where September sales were down 10% from August and 44% compared to last year. New listings in the GTA were down 16.7% year-over-year, which the Toronto Regional Real Estate Board (TRREB) said was the lowest number of new listings for the month of September since 2002. “We must ensure that the temporary dip ...
The country’s largest metro areas all saw steep declines in home sales in September as would-be homebuyers wait on the sidelines. This was especially true in the Greater Toronto Area, where September sales were down 10% from August and 44% compared to last year. New listings in the GTA were down 16.7% year-over-year, which the Toronto Regional Real Estate Board (TRREB) said was the lowest number of new listings for the month of September since 2002. “We must ensure that the temporary dip ...
Construction output falls for second month
Construction output falls for second month
Construction output falls for second month
Construction output falls for second month
Construction news, jobs and co... Construction news, j... | 1 year ago
The slide in monthly construction output in July came solely from a decrease in repair and maintenance (-2.6%) as new work saw a slight increase (0.3%) on the month. At the sector level, the main contributors to the decrease were public housing new work, and public and private housing repair and maintenance, which decreased 13.1%, 8.0% and 2.6%, respectively. As well as a slowdown in these sectors, number crunchers at the Office for National Statistics  also blamed extreme heat for stopping w...
The slide in monthly construction output in July came solely from a decrease in repair and maintenance (-2.6%) as new work saw a slight increase (0.3%) on the month. At the sector level, the main contributors to the decrease were public housing new work, and public and private housing repair and maintenance, which decreased 13.1%, 8.0% and 2.6%, respectively. As well as a slowdown in these sectors, number crunchers at the Office for National Statistics  also blamed extreme heat for stopping w...