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2023 industry recession to be deeper than first forecast

Construction Enquirer

this year after economists at the Construction Products Association sharply downgraded forecasts for the second time. Falling private new housing combined with recent government delays to major infrastructure projects has prompted the spring forecast downgrade from a previously forecast 4.7% fall in output. in 2023 and 1.2%

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More Than 31 Million Homes are at Risk This Hurricane Season

Pro Builder

More Than 31 Million Homes are at Risk This Hurricane Season. This year’s hurricane season will not hit 2020 levels, but several large hurricanes will put more than 31 million U.S. homes at risk, according to Realtor.com. Approximately 21 to 35 hurricanes are forecasted to hit the U.S. cbroderick. Mon, 06/07/2021 - 09:56.

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A Look at Lumber Prices From the Supply Side

Pro Builder

I can say with confidence that the market conditions of 2020 and early 2021 are examples of a supply chain and pricing environment most of us have truly never encountered. . A month later, in March 2020, COVID-19 threw a wrench into everything, causing uncertainty across all industries. Lumber Prices—How We Got Here.

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Home Prices Predicted to Decrease By 2021

Pro Builder

Thu, 07/09/2020 - 09:50. The May Home Price Index and HPI Forecast conducted by CoreLogic predicts a year-over-year home price decrease of 6.6% If the data’s forecast of dropping prices occurs, it would be the most dramatic decrease since September 2009. The markets most at risk include cities in Arizona, Florida, and Alabama.

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20 construction industry trends to watch in 2020

Building Radar

Top trends in the construction industry 2020 How will the construction industry develop in 2020? We have studied and evaluated numerous sources – discover with us the most important trends and developments in the construction industry in 2020. Analysis and prioritization of the numerous risk factors are also supported.

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Construction Adds Jobs in May Amid Unexpectedly Strong Recovery 

Pro Builder

Mon, 06/15/2020 - 10:14. Economists polled by Dow Jones forecasted a decline of over 8 million jobs, but in May, the economy actually added 2.5 Economists polled by Dow Jones had forecasted a decline exceeding 8 million jobs. Construction Adds Jobs in May Amid Unexpectedly Strong Recovery . million jobs.

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June Annual Price Increases Reach 42-Year High

Pro Builder

CoreLogic’s most recent Home Price Index and Forecast for June shows the housing markets continues strong, experiencing a price increase of 17.2% compared to June 2020. Calculated Risk says though affordability challenges worsen with rising prices, low mortgage rates and an improving labor market help many prospective buyers.