Industry News

Construction Openings Dip, Paving Way for Rate Cuts

According to the Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS), the number of open, unfilled positions in the construction industry...

2024 New Single-Family Home Bathrooms

According to the US Census Bureau's Annual Survey of Construction, single-family homes built in 2024 typically featured two full bathrooms. Homes with three full...

Single-Family Construction Loans Rise for First Time in Two Years

Single-family construction loans increased in the third quarter, despite the overall softening of the lending climate. Loan balances for 1-4 family construction increased to...

Building Material Prices Rose in September

The latest Producer Price Index release from the Bureau of Labor Statistics showed that aggregate residential building material costs climbed at the quickest rate...

November Builder Sentiment Flat as Market Headwinds Persist

In November, builder confidence was firmly in negative territory due to market uncertainty worsened by the government shutdown, as well as economic uncertainty caused...

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