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CONSTRUCTION SPENDING RISES IN JANUARY

CONSTRUCTION SPENDING RISES IN JANUARY

The single-family segment drives an increase in residential construction spending. Construction spending in January was estimated at a seasonally adjusted annual rate of $1,369.2 billion, 1.8% above the revised December estimate of $1,345.5 billion. The January figure is 6.8% above the January 2019 estimate of $1,282.5 billion. Spending on private construction was at a seasonally […]

Builder Confidence High to Kick Off New Year

Builder Confidence High to Kick Off New Year

Builder confidence dipped in January, but continues in a healthy range, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index. In January, the Index recorded a 75; at 51 or higher, builder confidence is overall positive. “Low-interest rates and a healthy labor market combined with a need for additional inventory […]

Why Hollywood A-listers Are Buying Historic Homes in Pasadena

Why Hollywood A-listers Are Buying Historic Homes in Pasadena

This article has been reposted from Hollywood Reporter. Written by Peter Kiefer. Stars from Meryl Streep to Kristen Wiig are suddenly being drawn to the grande dame of L.A. suburbs, where it “takes an act of God” to get some residents to sell. When Meryl Streep and Kristen Wiig buy similar homes within blocks of each […]