The Conference Board’s composite Consumer Confidence Index (CCI) fell slightly in February from its record-high set during the first month of the new year.
January 2000 total housing starts were at a seasonally-adjusted annualized level of 1.775 million units, the best monthly level recorded since January 1999.
Preliminary numbers for the full year of 1999 show a pattern of the single-family sector doing much better than the multifamily residential construction market.
The Labor Department's construction materials composite price index fell by 0.8% between August and September, the second straight month of decline following three consecutive months of increase.
panelized construction of homes is poised to become a more important part of the prefabricated housing segment over the next few years, a new forecast says.
If recent new-home sales figures indicate a slight economic downturn, that may be good news for the industry in terms of bringing material supply closer to demand, says NAHB chief economist David Seiders.