Jack Bjorklund
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Absorption Rates Dive as Multifamily Completions Hit Record Highs
According to the Census Bureau’s most recent Survey of Market Absorption of New Multifamily Units (SOMA), the percentage...
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NAHB: 2024 Townhouse Construction Grows
Townhouse construction increased 10% in 2024, surpassing the rest of the single-family home building market. According to NAHB’s...
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Build-for-rent single-family home construction fall back
Single-family built-for-rent construction fell year on year in the fourth quarter of 2024, as rising finance costs limited...
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NAHB: Builder Credit Tightens, Mixed Cost Results
Borrowers and lenders agreed that credit for residential Land Acquisition, Development, and Construction (AD&C) tightened further in the...
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Residential Construction Input Prices Rise in January
According to the most current Producer Price Index (PPI) report published by the United States Bureau of Labor...
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January Job Growth Slows
In January, US job growth slowed due to wildfires in Southern California and poor winter weather across much...
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Construction Job Market Softens
The number of open construction sector jobs remained lower than a year earlier, according to the December Bureau...
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December State-Level Employment: Growth in 42 States, Declines in 7
In December, nonfarm payroll employment increased in 42 states and the District of Columbia, while decreasing in seven...
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Builder Confidence Rises Despite Market Risk Concerns
Builder sentiment rose to start the year on anticipation of improving economic growth and regulatory environment. At the...
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NAHB: Remodeling Market Sentiment Improves in Q4 2024
The NAHB/Westlake Royal Remodeling Market Index (RMI) registered a reading of 68 in the fourth quarter of 2024,...
