Construction News on The Blok

Construction News on The Blok

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This story of the McDowell family in Westfield, NJ speaks to the fact that American homeownership continues to fall while renting costs continue to rise.  Families that are unqualified for mortgages are renting and young adults are increasingly hesitant to buy their first home.

Research suggests that over one million people should be re-entering the mortgage market over the next three years, hopefully helping the housing market along the way.

Construction Data has put together a list of ten interesting facts about skyscrapers.

Forbes’ analysis suggests that home prices and buy demand will rise in the second half of 2015.

The U.S. appeals court reversed the district court’s ruling that endangered “coverage for which subcontractors pay substantial premiums.”

The Royal Institute of British Architects announces their winners for the 2015 awards.  Check out the 37 buildings across the United Kingdom that were honored.

Caterpillar’s machine sales decreased 12% in May.  Their retail sales have been declining for 30 consecutive months, the longest streak of consecutive declines for the company since 1995.