The National Association of Homebuilders (NAHB) is forecasting that the housing market could reach bottom by the second quarter of 2008, with a "pretty good expansion" occurring once again in 2009. The top builder association shared the news during a...

Market analysts warn that more U.S. businesses are likely to hang "going bankrupt" signs on their doors next year as the twinned blows of slower economic growth and pricey commodities force the weakest companies to seek refuge from creditors. In a...

November housing starts decreased 3.7 percent to 1.187 million (SAAR) with single family starts down 5.4 percent to 0.829 million (SAAR). Single family activity was the lowest since April 1991. Regionally, starts were down in three regions: Northeast...

MANY commercial real estate players may be ready to turn the page on 2007, in light of the continuing credit crisis and weakening economy. But they may not see a major turnaround throughout most of the country during the new year, according to one...

The U.S. Green Building Council (USGBC) and the Green Guide for Health Care recently announced their agreement to work together on tools, educational programs and activities to support green health care building. "The healthcare industry is by far...

Ingersoll Rand Security Technologies announced that Tim Eckersley has joined the sector as president, Commercial Americas. In his new leadership position, Eckersley has the overall responsibility for the profit and loss for all commercial products and...

In order to help offset rising homeowner utility costs and lengthening commuting times, homeowners are looking for neighborhoods and communities designed to include greater access to public transportation, recreation, commercial and entertainment...

The November Producer Price Index for Wood Doors (flush & panel, interior & exterior) was down 0.1% from 2006 and the Other Wood Doors (Incl. garage, screen, storm, etc.) PPI was up 2.1% compared to a year earlier. Compared to October, the...

Recent declines in both short-term and long-term interest rates should help to put some canceled remodeling projects back on track, according to Kermit Baker, director of the Remodeling Futures Program of the Joint Center for Housing Studies at Harvard...

Construction costs have weakened quickly in the last few months under pressure from the 10% drop in construction activity since the February 2006 peak level. The 40% drop in single family construction spending has more than offset still rising...

The American Society of Interior Designers (ASID) Foundation and the U.S. Green Building Council (USGBC) have partnered to create the first nationwide green residential remodeling guidelines for existing homes. The guidelines, comprised of best practices...

The surge in office development is ebbing, but office construction spending will expand 12% in both 2008 and 2009, on top of 19% gains experienced in the previous two years. While the value of office construction starts is up 27% year-to-date through...

Turner Construction Company, the nation’s leading general builder, today announced that construction costs increase in the Fourth Quarter. According to the Turner Building Cost Index, the Fourth Quarter 2007 Index value is 876 which represents a 1.51...