Dozens of housing projects across China recently resumed construction after their stalled progress inspired a nationwide boycott in which Chinese homebuyers pledged to halt mortgage payments on pre-purchased, unfinished homes until building continued, China’s state-run Global Times reported on Sunday.
Chinese state regulators vowed to help local governments complete unfinished property projects on Thursday after 100-plus delayed housing projects nationwide reported mortgage defaults in recent days, the state-run Global Times reported.
The need for more construction crews is forcing builders to compete for workers with offers of higher wages, training of young Americans, and advertising jobs in distant states, says an article in the Wall Street Journal.
Construction delays, high prices for materials, and rising interest rates took a bite out of single-family construction in March.
Compared with a year ago, construction spending was up 8.2 percent. Single-family home construction spending was up 15.4 percent.
Saudi Aramco, the extremely wealthy national oil company of Saudi Arabia, on Wednesday announced the establishment of a “Non-Metallic Excellence and Innovation Center” (NEXCEL) in Beijing to promote the use of alternatives to metal in construction projects.
The nation’s builders already struggling with the supply chain crisis now face a vaccine mandate that could make home construction harder.
The price tag on lumber, after declining since its all-time high in May, could climb higher through the early months of the coming year, experts recently told Insider.
Spending to build new single-family homes rose sharply in July even though housing starts fell by more than expected, indicating that inflation is weighing on the housing market by pushing costs higher.
China’s National Development and Reform Commission on Tuesday banned the construction of buildings taller than 500 meters (about 1640 feet) in the country amid concerns about the quality of some Chinese-built skyscrapers, Bloomberg reported on Wednesday.
Overall construction spending fell as hotels, offices, and shopping malls tumbled further
New home construction missed expectations for the second month in a row, weighed down by rising costs of labor, lumber, and other materials.
A handyman accused of fatally shooting a woman who worked in construction was later run over by her boyfriend in an alleged act of revenge at a New York City construction site Wednesday, according to a video.
Compared with a year ago, the private sector spent 20.6 percent more on single-family construction in February.
Egypt is scrambling to complete a new administrative capital east of Cairo in time to receive its first civil servants by July, the government confirmed this week.
The home building industry’s confidence was shaken by high-priced materials and rising interest rates in March, according to research from a trade group released Tuesday.
The uprising against urban living drove single-family home construction up more than 23 percent comapred to last year
The flight from the cities drove up spending on houses even as the weather turned colder in November.
U.S. construction spending jumped by more than expected in October, driven higher by demand for single family homes.
Spending on single family homes jumped 5.5 percent in August while spending on aparment buildings and office buildings fell.
A Swedish construction firm has been accused of exploiting foreign workers, with one union representative accusing the company of engaging in modern slavery-like practices. A lawsuit has been brought against the concrete firm Formbetong by the Swedish building workers’ union
A nonprofit construction academy in Denver, Colorado, is offering free tuition for students who want to learn carpentry.
Michigan’s Democrat Gov. Gretchen Whitmer’s decision to ban most residential construction during the coronavirus shutdown led to a 44 percent decline in Michigan construction jobs and contributed to her state’s second highest in the nation unemployment rate.
Florida’s E-Verify bill will likely push 140,000 illegals out of Florida jobs and make it difficult for employers to hire replacement workers at current wages, says a university study funded by the investors who are trying to block the E-Verify bill.
Florida Gov. Ron Desantis has scored a big — but partial — victory in Florida when a GOP-controlled committee approved a loopholed version of his mandatory E-Verify bill.
Construction spending in November rose by twice as much as expected and prior months were revised upward.
Both permits and housing starts showed strong signs of a solid recovery in October.
Farming and construction were among the sectors that expanded in October.
Trump complained that the Fed should have gone further. Thursday’s data make the case for further Fed cuts.
A Kansas City, Missouri, resident is celebrating a pothole’s three-month existence by throwing it a birthday party.
The majority of blue collar American workers say they are better off today with the economy under the direction of President Trump than they were during the Obama years, a new poll reveals.
An Oregon construction worker is suing his employer for $800,000 after being fired for refusal to attend a mandatory on-the-job Bible study.
Housing starts bounced back in July but by far less than expected. Could the construction boom be coming to an end?
The UK’s economy bounced back in the second quarter of the year, doubling from 0.2 percent to 0.4 percent growth, boosted by the good weather as salaries continue to rise with fewer EU migrants depressing wages.
Workers in two American industries that many economists had consigned to the dustbin of history saw some of the biggest gains in wages, bonuses, and benefits in the start of 2018.
“Before I used to say, ‘You are going to have a friend,’ but now I have proven you have got a friend in the White House,” Trump said to a crowd of about 400 union workers and supporters at the Richfield union training facility.
No campaign promise garnered more attention than Donald Trump’s proposed wall at our southern border.
California’s September job growth saw government employment booming at an annualized rate of over 12 percent — and the private sector crawling at less than 2 percent.
An Illinois bar manager who grew tired of the unfinished construction near his business is giving construction workers a little extra incentive to get their work done.
Border wall prototype construction enters its final days along the United States’ Southwest border in San Diego, CA.
