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Tradewinds


AIA/Deltek Architecture Billings Index Reflects Continued Weakness in Business Conditions in April

AIA/Deltek Architecture Billings Index Reflects Continued Weakness in Business Conditions in April

Posted: May 26, 2023 | Tradewinds

Architecture firms reported a modest decrease in April billings. However, there was a slight increase in inquiries into future project activity according to a report released from The American Institute of Architects (AIA).

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Equipment Finance Industry Confidence Decreases Again in May

Equipment Finance Industry Confidence Decreases Again in May

Posted: May 19, 2023 | Tradewinds

The Equipment Leasing & Finance Foundation (the Foundation) released the May 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $1 trillion equipment finance sector. Overall, confidence in the equipment finance market is 40.6, a decrease from the April index of 47.0.

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Construction Employment Rises In 42 States Over The Past 12 Months, While 24 States Add Employees From March To April

Construction Employment Rises In 42 States Over The Past 12 Months, While 24 States Add Employees From March To April

Posted: May 19, 2023 | Tradewinds

"Contractors continue to report strong demand for projects and have added employees in all but a handful of states over the past year," said Ken Simonson, the association’s chief economist. "The fact that employment dipped in April in half the states may reflect an inability to find qualified workers at a time of record-low construction unemployment, not a slowdown in demand."

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Lack of Existing Inventory Boosts Builder Confidence to Key Marker 

Lack of Existing Inventory Boosts Builder Confidence to Key Marker 

Posted: May 19, 2023 | Tradewinds

“New home construction is taking on an increased role in the marketplace because many home owners with loans well below current mortgage rates are electing to stay put, and this is keeping the supply of existing homes at a very low level,” said NAHB Chairman Alicia Huey, a custom home builder and developer from Birmingham, Ala. “While this is fueling cautious optimism among builders, they continue to face ongoing challenges to meet a growing demand for new construction. These include shortages of transformers and other building materials and tightening credit conditions for residential real estate development and construction brought on by the actions of the Federal Reserve to raise interest rates.”

“Lack of existing inventory continues to drive buyers to new construction,” said NAHB Chief Economist Robert Dietz. “In March, 33% of homes listed for sale were new homes in various stages of construction. That share from 2000-2019 was a 12.7% average. With limited available housing inventory, new construction will continue to be a significant part of prospective buyers’ search in the quarters ahead.”

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NAHB Debuts New Index for Multifamily Activity

NAHB Debuts New Index for Multifamily Activity

Posted: May 19, 2023 | Tradewinds

The National Association of Home Builders (NAHB) redesigned its Multifamily Market Survey (MMS) in the first quarter of 2023 to make it easier to interpret and more similar to the NAHB/Wells Fargo Housing Market Index for single-family housing. The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 50 for the first quarter while the Multifamily Occupancy Index (MOI) reading was 82.

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