Home builder sentiment slides as old worries plague construction industry

The Thomson Reuters/University of Michigan index of consumer sentiment unexpectedly rose in early October to its highest level since July 2007. Separate data showed groundbreaking for new homes rose.

CK Asset Holdings acquired 5 Broadgate, a three-year-old building.. to a legal issue between the procurement office and bidding builders,

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“While demand for single-family homes remains sound, builders continue to report rising development and construction costs, with some additional concerns over trade issues,” said NAHB Chairman.

On the release front, Canadian construction numbers were a mix. Housing permits improved to 193 thousand, up from 173 thousand a month earlier. This reading matched the forecast. Building permits.

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tion until February 15 has left the construction industry in a complete state of. which is causing the curtailment in private house building, is also producing.