According to the Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS), the number of open construction sector jobs decreased in June...
Increased interest rates on home mortgages and construction and development loans slowed single-family production and demand in June.
Housing starts jumped 3.0% in June to...
Mortgage rates averaged 6.92% in June, according to Freddie Mac, and high rates for construction and development loans continue to dampen builder optimism.
Builder confidence...
According to National Association of Home Builders (NAHB)'s research of Census Bureau Survey of Construction (SOC) data, lot values for single-family detached spec homes...
Mortgage rates remain in the 7% level, and rising construction financing costs continue to dampen builder optimism.
Builder confidence in the market for newly built...
After declining 0.4% in March, private residential building spending increased 0.1% in April, according to a post from National Association of Home Builders (NAHB)....