Articles Tagged with ''economic analysis''

The August producer price index report showed stable construction materials prices, with slight declines in wood and steel products, while power wire and cable prices surged, but overall, construction materials prices have been relatively steady in 2023.

Seattle-based real estate AI tech firm, Quantarium, is challenging the standard two-month lag used by the Case-Shiller Index to determine changes in home prices with its TerraIndex HPI; the company says its index provides real-time estimates made available on the second Wednesday of the following month.

Approaching more stability after the volatility of the past couple of years, sales of new single-family homes in the US significantly corrected down in June, at 697,000 units, which is 2.5% lower than May's downwardly revised 715,000, but up almost 24% compared to June 2022. 

Quarter-to-quarter comparisons show massive increases in most products, though a year-to-year analysis hints that supply issues are not over just yet.

METALCON recently announced its 2023 keynote speakers, including Ken Simonson, chief economist of the Associated General Contractors of America, discussing current and future economic outlooks for construction; HGTV's Rico León will be the other keynote speaker sharing his experiences and lessons learned in residential construction.

Although costs are down, prices for brick and structural clay tile as well as adhesives and sealants are up more than 9% over the past 12 months.

Owens Corning unveiled its 2022 Corporate Sustainability Report, titled “Our Mission at Work,” which detailed the concern’s ongoing efforts to achieve maximum diversity, eliminate workplace hazards and further its responsibility toward environmental stewardship.

Mycocycle will expand its team with five new roles and establish a model pilot facility to expand operational capabilities to help reduce construction waste using mushrooms.

Roofing product shipments plunged in the first three months of this year, according to a new report by the Asphalt Roofing Manufacturers Association.

Roofing companies need to keep these strategies and new legislative changes in mind when filing their 2022 taxes.