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July Construction Starts Increase 6%, Down Slightly Year to Date

The value of new construction starts in July advanced 6% from the previous month to a seasonally adjusted annual rate of $728.1 billion, it was reported by Dodge Data & Analytics. Leading the way was a 26% jump by the nonbuilding construction sector , which reflected an improved level for public works and the start of two massive power plants , located respectively in California and New York. Residential building in July increased 8 %, as multifamily housing rebounded after three consecutive monthly declines .  Running counter was a 7% slide for nonresidential building following its 14% hike in June, as both office buildings and hotels retreated from June’s elevated activity , outweighing a sharp rise for healthcare facilities in July.  During the first seven months of 2017, total construction starts on an unadjusted basis were $411.9 billion, down 1% from the same period a year ago.  Dampening the year-to-date performance for total construction was a steep 44% decline for t...

July Construction Starts Increase 6% Nationwide | 2017-08-23

The value of new construction starts in July advanced 6 % from the previous month to a seasonally adjusted annual rate of $728.1 billion, according to the most recent report from Dodge Data & Analytics.   Leading the way was a 26% jump by the nonbuilding construction sector , which reflected an improved level for public works and the start of two massive power plants in California and New York.   Residential building in July increased 8 %, as multifamily housing rebounded after three consecutive monthly declines . Running counter was a 7% slide for nonresidential building , following its 14% hike in June, as both office buildings and hotels retreated from June’s elevated activity , outweighing a sharp rise for health care facilities in July.   During the first seven months of 2017, total construction starts on an unadjusted basis were $411.9 billion, down 1% from the same period a year ago. Dampening the year-to-date performance for total construction was a steep 44% declin...

The Most Expensive Fashion Moguls’ Homes for Sale in the U.S. – WWD

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While all those clothes, shoes and bags you bought over the years have likely limited your chances of becoming a homeowner, it has certainly helped many in the fashion industry to continue climbing up the property ladder , snapping up impressive mansions in some of the wealthiest parts of the U.S. Here, WWD takes a look at fashion moguls ’ most expensive homes currently on the market across the country. MAX AZRIA’S L.A. MEGA-MANSION — $88M Fashion veteran Max Azria and his wife Lubov Azria are selling their Holmby Hills mansion known as Maison Du Soleil for $88 million, making it the sixth most expensive home for sale in Los Angeles. (The highest has a $ 350 million price tag .) At the same time, the Tunisian fashion designer ’s 60-room mansion, which dates back to the Thirties, is also on the market as a rental for a whopping $400,000 a month. Set on three acres, the 30,000-square-foot compound comes with 17 bedrooms, 22 bathrooms, a bathhouse and a 6,000-square- foot mov...