Blog

  • Phil Bodem Joins TriPointe as Sacramento President

      TRI Pointe Group (NYSE:TPH), Irvine, has named Phil Bodem president of TRI Pointe Homes Sacramento.                Bodem, most recently president of the Southern California Division at Meritage Homes, brings more than 16 years of divisional president experience to his new position, with many of those years spent focused

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  • House Prices Versus Home Values

    Steve Jobs liked to refer to personal computers as a “bicycle for the mind.” Human beings, he’d learned from poring over Scientific Americans and Heath Kits when he was a kid, unleashed tremendous locomotive power–even eclipsing the No. 1 master species of the contest, the condor–when they blended their energies with those of an efficient

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  • Destructive Hurricane Florence to batter the Carolinas for days

    Hurricane Florence has made landfall and is on a path of destruction that will put millions of people at risk and threaten billions of dollars in damage. Florence officially made landfall around 7:15 a.m. EDT near Wrightsville Beach, North Carolina, as the eye wobbled ashore. Florence dipped to Category 2 hurricane strength with maximum sustained

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  • Construction Job Openings Rise Again in July

    The count of unfilled jobs in the construction sector increased in July, reaching yet another post-Great Recession high level. The rate of open construction sector jobs also matched a prior cyclical high. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs increased to 273,000 in

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  • Builders’ Shortage of Rough Carpentry Subcontractors Hits Record 90%

    Labor and subcontractor shortages became even more widespread in July of 2018 than they were a year earlier, according to single-family builders who responded to special questions on the survey for the NAHB/Well Fargo Housing Market Index. The July 2018 survey asked builders about shortages in 15 specific occupations that were either recommended by Home

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  • Second quarter even stronger than it first looked: GDP raised to 4.2% from 4.1%

    The numbers: The bustling U.S. economy was even stronger in the spring than initially reported thanks to higher government spending and business investment. And companies cashed in big time. Gross domestic product expanded at a 4.2% annual pace in the second quarter, up from a preliminary estimate of 4.1%, the government said. GDP is the

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