Builder Data & Analysis
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Builders and Lenders: Credit is tightening
By Jack Bjorklund / November 13, 2023The third quarter of 2023 saw a continued tightening of credit availability for residential AD&C loans, according to both the National Association of Home Builders (NAHB) AD&C Financing survey...
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Rising mortgage rates reduce housing affordability to lowest level in index history
By Jack Bjorklund / November 9, 2023Rising mortgage rates, higher construction costs, and limited current availability all contributed to housing affordability reaching its lowest level in more than a decade in the third quarter of...
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Construction Employment Sees Nearly 3% Increase Since August 2022
By Jack Bjorklund / September 25, 2023Nonfarm payroll employment climbed in 33 states and the District of Columbia in August, while it decreased in 17 states. According to the Bureau of Labor Statistics, total nonfarm...
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ABC: Construction Backlog Indicator Remains Stable in August, Contractors Confident
By Jack Bjorklund / September 12, 2023An ABC member poll performed from August 21 to September 6, the Construction Backlog Index fell to 9.2 months in August, a 0.1 month decrease, according to the Associated...
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NAHB: Major Metro Areas Experience Biggest Drop in Single-Family Construction
By Jack Bjorklund / September 5, 2023According to the latest data from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the second quarter of 2023, multifamily market growth also declined...
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NAHB: Multifamily Developer Confidence in Positive for Second Quarter
By Jack Bjorklund / August 17, 2023According to the National Association of Home Builders (NAHB) Multifamily Market Survey (MMS), confidence in the market for new multifamily housing was positive in the second quarter. The MMS...
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ABC: July Sees Uptick in Construction Backlog Indicator, Contractors Stay Confident
By Jack Bjorklund / August 15, 2023According to an ABC member survey conducted from July 20 to August 4, the Associated Builders and Contractors Construction Backlog Index climbed to 9.3 months in July. From July...
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NAHB: Single-Family Starts Decline in June
By Jack Bjorklund / July 19, 2023After four consecutive monthly advances, single-family production dropped back, as rising construction costs and mortgage rates reduced home building activity and exacerbated affordability difficulties for home buyers. According to...
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Residential Building Workers’ Wage Growth Currently on a Downward Trend
By Jack Bjorklund / July 14, 2023After experiencing significant increases for over a year, average hourly pay for residential construction workers has been rising at a slower pace in May. Salary growth has fallen below...
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NAHB: Remodeling Market Sentiment Declined in the Second Quarter
By Jack Bjorklund / July 13, 2023The National Association of Home Builders (NAHB) announced its NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter, which had a value of 68, a two-point decrease from...