China Beckons West Coast Architecture and Building Firms

Fed by a thriving economy and a massive population movement from rural to urban areas, China’s construction growth will dwarf that of the U.S. over the next 10 years. That’s giving American architects and builders a chance to o…

People@Work: Construction Job Growth Is Slowly Rebuilding

New forecasts show that the worst may be over for the construction industry, which was hit harder by the Great Recession than any other sector, as construction projects slowly resume. Some 27% of construction firms say they pla…

Housing Starts Growth Beats Expectations in November

The humbled housing sector took a modest step forward last month as starts rose a better-than-predicted 3.9% to a 530,000-unit annual rate. Still, at the current pace, the nation is 18 to 24 months from seeing normal levels of …

Can Hong Kong Cool Off Its Hot Real Estate Bubble?

Hong Kong took a new step this week to let some air out of its real estate bubble, levying a heavy tax on property flippers — a move that has already sent asking prices there downward. But Hong Kong’s real estate risks are dwa…