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Builder optimism fades in June

U.S. homebuilders lowered their confidence for sales prospects as lumber prices rise amid the threat of potentially costly tariffs. The National Association of Home Builders/Wells Fargo builder sentiment index released June 18 fell two points to 68 in June. That’s ...

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Construction costs keep rising as tariff anxiety festers (access required)

Construction costs climbed again in May, following price increases this spring driven by trade disputes over steel, aluminum and lumber. The cost of all goods used in construction increased 8.8 percent year-over-year in May. Among individual types of materials, some of ...

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Construction industry absorbs another blow (access required)

When President Donald Trump cited national security concerns and signed orders in March imposing significant new tariffs on imported steel and aluminum, the construction industry was thrown for something of a loop. While domestic steel and aluminum manufacturers praised the ...

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First Interstate Bank will move to Pioneer Crossing

The Idaho regional headquarters for First Interstate Bank will move into the Pioneer Crossing office building that just started construction at Myrtle and 13th streets in downtown Boise. First Interstate is the first tenant announced for the five-story, 120,000-square-foot office ...

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Nationally, Idaho’s leading the way in home price increases (access required)

Home prices were up in all 50 states in April, year over year, with Washington, Idaho and Nevada surpassing 12 percent increases, nearly double the national average, according to CoreLogic. The Irvine, California, real estate data provider calculated an Idaho ...

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Bendable concrete could be safer, more durable (access required)

Spring construction season is underway, and many tons of concrete will be used in the coming months. Unfortunately, concrete is a brittle material: Placed under stress, it cannot bend very far before it fractures. Some pavements that are being poured ...

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