For non-residential construction (NAICS 2362), average AR days totaled 61.6, compared with 56 in 2010.
Few businesspeople see much growth in the near future in office or residential construction.
There are some projects underway, and the non-residential construction data show a bit of improvement.
The NAHB told Congress that residential construction jobs declined by 1.4 million since April 2006.
Not surprisingly, then, looming worker shortages have been of most concern to those in residential construction.
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Last year was the best year for residential construction 2008, just after the recession started.
Hurricane Sandy will affect residential construction, which has modestly rebounded this year, in two ways.
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The beige book said U.S. economic growth continues at a moderate pace, with a pick-up in residential construction.
Those dependent on work in residential construction can thank the liberal policies of Washington for their missing paychecks.
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Residential construction is on the mend, but completions are still at record lows.
Likewise, the residential construction industry has yet to recover fully from the downturn.
Up to now, non-residential construction the building of offices and shopping malls has been booming.
The key factor behind the decline was residential construction, which stagnated in March after posting double-digit growth rates until January.
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One industry group that has been a star performer since last October has been the residential construction, or homebuilding group.
Despite an uptick in residential construction starts this year, activity is still about 50% lower than a healthy (non-bubble) market requires.
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In recent months, the investor has boldly stated that the residential construction industry is not in a recession, but rather a depression.
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development also released March residential construction numbers this week.
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Some also are facing a shortage of workers in markets where residential construction has picked up sharply, such as Texas and Arizona.
"Residential construction is likely to continue to contract next year, " Bernanke said.
Manufacturing improved on strong demand from automakers, food producers, and residential construction.
The Non-Strategic Assets Portfolio segment offers commercial residential development loans, cross-border leases, consumer brokered home equity loans, retail mortgages, non-prime mortgages, and residential construction loans.
U.S. economic data due for release Tuesday includes the weekly Goldman Sachs and Johnson Redbook retail sales reports, and new residential construction.
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Sageworks data has also shown that private residential construction companies (NAICS code 2361) tallied a 5.3 percent increase in sales in 2011.
U.S. economic data due for release Thursday includes the weekly jobless claims report, new residential construction, existing home sales and the FOMC results.
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Private residential construction companies saw sales increase 3.6 percent from December 2011 to December 2012, according to preliminary data from Sageworks Inc.
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Panasonic and PanaHome, a subsidiary concentrating on residential construction, will build the homes as well as equip them with networking and electronic devices.
In September, private residential construction fell 1.3%, while public construction fell by the same margin, the sharpest fall in more than six months.
There should be more opportunity in 2013 for real estate loans related to residential construction, and a little opportunity for more consumer lending.
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But the weakness in non-residential construction spending in Europe and North America has impacted growth from Asia in the building-related businesses of the company.
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At the same time, residential construction companies have decreased the amount they spend, relative to sales, on advertising and payroll, Sageworks data shows.
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