Time For Multifamily Housing?
Easterday Construction has been involved with multiple multi-family housing projects over the years. The Garden Court projects have figured prominently in our experience. Currently many of the economic indicators are reportedly pointing towards the need for more multi-family housing. Rental properties are projected to be in demand. A recent article here points to the Top Ten Reasons for owning multi-family housing. Check out the article and contact us if you’re interested in a foray into this type of investment.
Construction Material Prices Jump
Construction materials prices rose 1.4 percent in March, the largest monthly increase since April 2011, according to the U.S. Labor Department’s April 12 producer price index (PPI) report. On a quarterly basis, construction materials prices increased 2.7 percent and are 3.8 percent higher than March 2011. Following a similar pattern, nonresidential construction materials prices moved up 1.6 percent for the month, 2.9 percent for the quarter and 4 percent year over year.
Excerpt from ABC Construction Economic Update, April 12, 2012
Manslaughter
Random Thought: Is the laughter in Manslaughter automatically maniacal?
Construction Industry Jobs Down Again…
“The economic slowdown during the spring and summer of last year caused many projects to be put on hold and resulted in diminished construction momentum.” —ABC Chief Economist Anirban Basu.
The construction industry lost 7,000 jobs in March, inching the unemployment rate up to 17.2 percent from 17.1 percent in February, according to the April 6 Department of Labor employment report. Year over year, construction industry unemployment is down compared to the March 2011 rate of 20 percent. The industry added 55,000 jobs over the past 12 months.
Excerpt from ABC Construction Economic Update, April 6, 2012