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September building permits down 4.5 percent from August and 4.3 percent year-on-year

Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,215,000. This is 4.5 percent below the revised August rate of 1,272,000 (down 5.6 percent in the South) and is 4.3 percent below the September 2016 rate of 1,270,000 (down 5.3 percent in the South).READ MORE

September housing starts dipped for third month to lowest level in a year

Privately-owned housing starts in September were at a seasonally adjusted annual rate of 1,127,000. This is 4.7 percent below the revised August estimate of 1,183,000, but is 6.1 percent above the September 2016 rate of 1,062,000. This was the lowest level since September 2016 and marked the third monthly decline in starts.READ MORE

Today's archidose #983

Here are some photos of the exhibition Arniches y Domínguez: La Architectura y la Vida at ICO Museo (until January 21, 2018) in Madrid, Spain. (Photos: Ximo Michavila) To contribute your Flickr images for consideration, just::: Join and add photos to the archidose poolTo contribute your Instagram images for consideration, just::: Tag your photos #archidose

Book Talk at the Skyscraper Museum

Next week I'll be giving a talk at the Skyscraper Museum on one of my new books, How to Build a Skyscraper. It will take place on Tuesday, October 24 at 6:30pm. More details below the book cover.From the Skyscraper Museum:In How to Build...Show More Summary

CoreLogic: July serious mortgage delinquency rate at 10-year low of 4.6 percent

According to CoreLogic, 4.6 percent of mortgages were in some stage of delinquency nationally (30 days or more past due including those in foreclosure) in July 2017. This represents a 0.9 percentage point year-over-year decline in the...Show More Summary

September industrial production rebounded in spite of hurricane impacts

September industrial production in the U.S. rebounded by 0.3 percent in September after two straight declines. Capacity utilization rose to 76% from 75.8% but remained below summer levels. READ MORE

Builder confidence rises to 68 in October, highest level since May

Builder confidence in the market for newly-built single-family homes rose four points to a level of 68 in October on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This was the highest reading since May.READ MORE

October Empire State Manufacturing Survey climbs to highest level in 3 years

Business activity grew at a robust pace in New York State, according to firms responding to the October 2017 Empire State Manufacturing Survey. The headline general business conditions index climbed six points to 30.2, its highest level in three years.READ MORE

My OHNY Weekend

The 15th anniversary Open House New York (OHNY) weekend took place Saturday and Sunday, October 14 and 15. I was giving a walking tour for the 92Y on Saturday, so Sunday was the only day for me to get out and see some OHNY sites. I decided on one — well actually a few, all in one location: the buildings of McKim, Mead and White, Robert A.M. Show More Summary

August business inventories rose 0.7 percent, largest increase in 9 months

U.S. business inventories recorded their biggest increase in nine months in August, suggesting that inventory investment could boost economic growth in the third quarter.READ MORE

October consumer sentiment surges to highest level since early 2004

Consumer sentiment surged in early October, reaching its highest level since the start of 2004. The October gain was broadly shared, occurring among all age and income subgroups and across all partisan viewpoints. The data indicate a...Show More Summary

September retail sales jumped by 1.6 percent, highest jump since March 2015

September retail sales jumped by 1.6 percent, or the most in more than two years as motor vehicles lost to hurricanes were quickly replaced and higher prices lifted receipts at gasoline stations.READ MORE

September CPI up 0.5 percent from August and 2.2 percent year-on-year

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.5 percent in September on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 2.2 percent. READ MORE

Book Briefs #31: A Trio of Wright

"Book Briefs" are an ongoing series of posts with short first-hand descriptions of some of the numerous books that make their way into my library. These briefs are not full-blown reviews, but they are a way to share more books worthy...Show More Summary

Study: Productivity Gains in Construction Could Dramatically Increase Outcomes and Profits

It’s easy to state the importance of the construction industry, as it provides the foundation which makes most economic trade even possible. Globally, this industry behemoth of about $10 trillion accounts for 13 percent of worldwide GDP, and employs seven percent of its workforce. Show More Summary

Initial unemployment claims decline 15,000 in latest report

In the week ending October 7, initial unemployment claims were 243,000, a decrease of 15,000 from the previous week's revised level. The 4-week moving average was 257,500, a decrease of 9,500 from the previous week's revised average.READ MORE

Federal Reserve meeting minutes indicates December interest rate hike is likely

Federal Reserve officials see the economy expanding at a steady clip and indicate that an interest rate hike later this year is a near lock, despite some divisions over where inflation is headed.READ MORE

September Producer Price Index up 0.4 percent from August and 2.6 percent year-on-year

The Producer Price Index for final demand advanced 0.4 percent in September. On an unadjusted basis, the final demand index increased 2.6 percent for the 12 months ended in September, the largest rise since an advance of 2.8 percent for the 12 months ended February 2012.READ MORE

September Fannie Mae Home Purchase Sentiment Index rose 0.3 points, matching previous record high

The Fannie Mae Home Purchase Sentiment Index® (HPSI) increased 0.3 points in September to 88.3, matching the all-time high set in June. Renter respondents, in particular, buoyed the net good time to buy component, showing a substantial upward change in optimism in September.READ MORE

Mortgage applications fall 2.1 percent in latest survey

The Market Composite Index decreased 2.1 percent on a seasonally adjusted basis from one week earlier, with purchase loans down 0.1 percent and refinances falling 4.0 percent. The average contract interest rate for 30-year fixed-rate mortgages increased to 4.16 percent.READ MORE

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