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Commercial construction is experiencing a huge downtown and has yet to recover since it dipped at the start of the pandemic. But in contrast, residential construction is experiencing historic demands.“It's been a remarkable year for housing,” said Robert Dietz, chief economist for the National Association of Home Builders.When the pandemic hit, no one was sure what the impact would be on housing.“People need larger homes; they need to fix up their existing homes and frankly there’s not enough inventory on the marketplace so builders are really busy right now,” Dietz said.So busy, in fact, that some are deciding to buy new homes rather than wait for their projected renovation to start. The NAHB is a trade association with 140,000 members who handle all facets of family construction.“We’re looking this year, we think single family construction will be up almost 10% and that will make it the best year for single-family home building since the Great Recession itself,” Dietz said.But that doesn't, by any means, put anyone in a "perfect" position.“There are headwinds on the horizon and the industry has faced a number of persistent challenges that have reduced housing affordability,” Dietz said. “Those would include the persistent lack of skilled labor, lack of lots in high-demand markets, and of course regulatory costs have been a persistent thorn in the side of the industry causing costs to be higher and pricing out home buyers out of the market.”When demand goes up, supply goes down. Lumber prices are at an all-time high. It's taking months for builders to get their materials and supplies, and people are finding themselves stuck.“It can be a frustrating marketplace because you have those historically low interest rates that you want to take advantage of, you’re looking for more space given the changes to telework and all the factors that have changed as a result of the virus but there’s not the inventory there to meet the demand in front of the industry,” said Dietz.Ken Simonson, chief economist for the Associated General Contractors of America, was asked whether some are considering moving into the residential sector because it's doing so much better than the commercial side. He said, "Home building is really a different market."Simonson said the contractors in his organization do “apartment buildings, every type of non-residential building, infrastructure, highways, water and sewer systems, power plants and so forth.” He said contractors across the national saw an initial rebound, but it's been on a steady decline since the spring.“Non-residential construction, there’s a lot of doubt about whether there’s going to be demand for more stores or offices and whether owners whether they’re private or universities or state and local governments have the money to pay for them,” Simonson said.He says it's different in every state and region. Some niche industries are doing okay, like data centers, and the fields of medical device and health care. But most industries, like hotel and retail, for instance, have just about disappeared.“I have to say I’m pessimistic the construction industry is going to lag the overall economy,” Simonson said. “There are hopeful signs about the economy being able to pick up speed in 2021 if enough people get vaccinated and the vaccine proves to be effective.”Construction tends to take a while to bounce back. And for those who are waiting to move up or move out of their homes, economists say your best bet is patience. 3507
CLAREMORE, Okla. -- Sequoyah High School students were not afraid to speak out after they said school officials told them they had to remove American flags mounted on their vehicles.On Thursday, a student showed up to the school, located about 40 minutes northwest of Tulsa, with a flag mounted on his car. “As soon as we got out of our cars in the parking lot they were already on us trying to get them down," student Kennith Hoover said. “The American flag symbolizes no racism and it's just strictly for America's freedom," student Jake Storts said. It's a symbol of patriotism, freedom and history. “I think it’s a fight that they picked that they will never win," local business owner Larry Banzet said. “The flag was in great shape, it was mounted properly," Hoover said. "It looked perfect. There was no kind of disrespect about it and they told him to take it down.” Friday, a group of students decided to stand with their friend. “You can’t tell a kid to take the flag down," Hoover said. "We disagree with that so that’s how it started.” “We’re not allowed to fly them because he can’t allow the Islamic or the KKK flag then he can’t allow the American flag," Storts said. Hoover says the school's reasoning change more than once. “Yesterday they said it was a distraction to drivers and students," he said. "Today they were telling me 'you have it mounted wrong' and then they told me it was illegal to fly it the way I was behind my car.” The school district released the following statement to Scripps station KJRH in Tulsa:"Sequoyah Public School is a patriotic school and surrounding community. Our campus has two sets of American and Oklahoma Flags, with one set including our Eagle mascot flag. Flags are displayed in our classrooms and our students recite the Pledge of Allegiance in their daily routine. We want our students to understand the importance of being patriotic, within the guidelines, and to be very understanding of the Flag Code and flag etiquette. Today was a win/win opportunity to work with students to come up with an appropriate solution for displaying the American Flag, Oklahoma Flag and the Eagle mascot flag on their vehicles while on campus." 2299
CRESSON, Texas -- One worker is unaccounted for and two others have been injured after an explosion at a chemical plant in Texas, according to ABC News.Investigators said Thursday that they believe the explosion was caused by a worker dragging his foot along the factory floor.A total of nine emergency-rescue and fire departments responded to the massive fire at Tri-Chem Industries plant, which is located about 50 miles southwest of Dallas.Crews were eventually evacuated from the vicinity due to the risk of another explosion and possible exposure to dangerous chemicals. 583
CLAY COUNTY, Mo. — A man is in custody after leading multiple law enforcement agencies on a chase while riding an ATV naked. KCPD told Scripps station KSHB in Kansas City that Shoal Creek patrol officers were sent out on a call involving a naked man driving a yellow ATV through yards just after 2:15 p.m.When they located him, they tried to pull him over but he refused to stop and fled through a field.He eventually made his way onto I-435 and began driving fast going south in the northbound lanes.He got off I-435 at 210 Highway, where he exited onto Searcy Creek Parkway and drove back east toward train tracks south of 210 Highway.As the suspect approached the old Sam's Town Casino, police said he was thrown from the ATV after he struck two railway junction boxes.He got up and tried to run from officers, but was taken into custody and to a local hospital for treatment.The chase ended just before 3:45 p.m.The police activity you’ve been seeing along 152 Hwy, I-435 and now 210 Hwy is all because of a naked man riding a yellow ATV who refused to stop for police. ?? He’s now in custody. No dangerous instruments were found. pic.twitter.com/hH6cL5yiF2— Clay County Sheriff (@SheriffClayCo) February 25, 2018 1265
Court of Claims Judge Christopher Murray has issued a preliminary injunction that stops the ban on open carry guns at polls in Michigan.The ban directive was issued by the Michigan secretary of state to prevent voter intimidation.An attorney for the state argued before the judge this afternoon that the ban was issued because of open carry protests inside and outside of the state capitol over the governor's COVID-19 lockdown orders and the criminal case against 14 men in an alleged plan to kidnap Gov. Gretchen Whitmer.She also told Judge Murray they have heard poll workers are afraid to work on election day.Gun rights advocates argued the secretary of state overstepped her authority as one elected official and this ban needs to be passed by the legislature.The Michigan attorney aeneral says she will take the case to the Court of Appeals in this statement:"We intend to immediately appeal the judge’s decision as this issue is of significant public interest and importance to our election process."This article was written by Jim Kiertzner for WXYZ. 1068