Builder Data & Analysis
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Liberty Cedar
Leading top quality specialty wood products, tropical lumbers & domestic hardwoods, custom milling and flooring, trim packages, timbers and other materials serving Rhode Island, Massachusetts, Connecticut, and Long Island with excellent customer service. Delivery to other areas via common carrier.
Shop online at Libertycedar.com
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Permit Activity Continues Decline in March 2025
For the third month in a row, permit numbers are declining. The total number of single-family permits issued year-to-date (YTD) in the first three months of 2025 was 232,221....
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The Highest-Paid Occupations in Construction in 2024
According to the most recent May 2024 Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) and a National Association of Home Builders (NAHB) research, half of construction...
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Residential Building Worker Wage Growth Slows in March 2025
According to the most recent report from the US Bureau of Labor Statistics (BLS), wage growth for residential building workers continued to decline in March 2025, showing a softening...
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Home Building and Remodeling Spending Sees Dip in March
In March, private residential construction spending fell by 0.4%, owing primarily to a reduction in home improvement investment. This dip came after five months of uninterrupted increase. Despite the...
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Job Openings Decline Significantly as Economy Slows
Consistent with dismal mood data, the number of job vacancies in the overall economy and construction declined in March as firms paused hiring plans amid a broader economic downturn,...
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US Homeownership Rate Falls to Five-Year Low
According to the Census’ Housing Vacancy Survey (HVS), the homeownership rate fell to 65.1% in the first quarter of 2025, its lowest level since the first quarter of 2020....
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Existing Home Sales Dropped in March, Hampered by Affordability
According to the National Association of Realtors (NAR), existing home sales fell in March as affordability concerns continued to weigh on the market. For the first time in March,...
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New Home Sales Increased in March Despite Uncertain Market Conditions
Even as builders and consumers face uncertain market conditions, a minor drop in mortgage rates and low current inventory helped boost new home sales in March. According to newly...
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Remodeling Market Sentiment Drops in First Quarter
Remodeler sentiment fell in the first quarter of 2025, mirroring a trend seen last month in single-family house builder sentiment. The NAHB/Westlake Royal Remodeling Market Index (RMI) recorded a...
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US Economy Created 228,000 Jobs in March
The US labor market unexpectedly accelerated in March, whereas the data for January and February were significantly revised downward. The unemployment rate rose slightly to 4.2% in March, from...
