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Author Archives: BridgeTower Media Newswires

No relief in sight for first-time homebuyers (access required)

April’s new home sales figures shined a light on a long-growing problem in the housing market: homebuilders aren’t breaking ground on the kind of houses that will alleviate supply-side pressure. In April , the U.S. median new home price was ...

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National home values surpass 2007 peak

National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade, according to the April Zillow Real Estate Market Reports. The median home value in the U.S. is ...

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A region without immigrants (access required)

In the summer of 2010 I was part of a team of economic development professionals that headed down to the Gulf Coast to meet with state and local officials and business leaders in the Destin-Fort Walton Beach area of the ...

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Construction firms face higher costs (access required)

The cost of materials used in construction rose markedly faster than the price of completed buildings, according to a new analysis of federal producer price data released this month by the Associated General Contractors of America. Association officials cautioned that ...

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Slumping office sector spurs spike in loan delinquencies (access required)

The delinquency rate for securitized commercial real estate loans climbed in February and is now the highest it’s been since August 2015, thanks to a lagging office sector. The delinquency rate for U.S. real estate loans in commercial mortgage-backed securities ...

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Congress gets serious about Blockchain

photo of u.s. capitol

A pair of congressmen has launched a group called the Congressional Blockchain Caucus aimed at creating public policy around digital currencies. Reps. Jared Polis, D-Colo., and David Schweikert, R-Ariz., announced the creation of the bipartisan Congressional Blockchain Caucus on Feb. ...

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Construction employment reaches highest level since 2008 (access required)

National construction employment reached its highest level in January since 2008, as wages in the industry pushed ever higher, according to a trade group. Employment in the industry increased by 36,000 jobs from December to January, according to an analysis ...

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Confidence in construction is high as Trump takes over (access required)

To economists, Donald Trump’s impending presidency represents a giant question mark. His unlikely ascendance to the nation’s highest office has already disrupted entire industries. But small business owners and Wall Street traders have so far been optimistic about a Trump ...

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Boise-built modular hotel to go online 210 days faster than traditional counterparts (access required)

NewcrestImage is building two hotels in Oklahoma City’s Bricktown neighborhood, but the one that was started at Guerdon Modular Buildings in Boise will be done sooner, said Bill Pearcy, vice president of construction. NewcrestImage’s 142-room AC Hotel was constructed in ...

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