Author: Ben Foldy

Paper Tariffs Threaten Struggling Newspaper Industry

As a film reviewer at the Tampa Bay Times for 25 years, Steve Persall had a front-row seat to the winding melodrama of layoffs, buyouts and closures in the American newspaper industry. He’d kept his job through the Great Recession, the shift from print to online and consolidation after the […]

Five Things to Watch in Tuesday’s Housing Starts Report

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development will release their report on the country’s new residential construction for March on Tuesday morning. Economists expect a slight increase in the rate new construction, following the trend of the sector’s steady recovery from the 2007 crash. […]

High-Rise Boom Long on Luxury, Short on Affordability

When Natalie Anderson looked at a one-bedroom apartment in one of the new residential towers in Hudson Yards, on Manhattan’s West Side, she recognized it immediately. It had the kind of features—”open kitchen, barstools under a counter, inoffensive wood”—that developers use to attract young, mobile high-earners like Anderson to their […]

Housing Starts Down as Builders Can’t Meet Demand

Construction of new homes declined more than expected in February, a result of a steep drop in multi-family construction. February’s housing starts were down 7 percent from January, with a seasonally-adjusted annualized rate of 1.236 million new units. Those numbers were lower than expected, capping a week of lackluster indications […]

Housing Construction Carries Momentum into 2018

New residential construction started the year strong, providing another reason to believe in the overall strength of the economy. The annual rate of privately-owned housing starts in January was up 9.7 percent from December, carrying momentum over from a 2017 that was already the best year for new home construction […]