Jack Bjorklund
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NAHB: Building Material Price Growth Tracking Close to 2023
Residential construction inputs, excluding food and energy, fell 0.04% in July, according to the most recent Producer Price...
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First time in years: Luxury property values are rising faster than average residences
Luxury home value increase, which has persistently lagged that of the market’s middle tier in recent years, has...
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Construction Job Openings Slowdown
According to the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS), the number of open...
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Sawmill Production Drops During the First Quarter
The sawmill and wood preservation sectors’ production index declined to 91.9 in the first quarter of 2024 (the...
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Single-Family Slips, Multifamily Surges in June
Increased interest rates on home mortgages and construction and development loans slowed single-family production and demand in June....
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Builder Confidence Drops to Lowest Level in 7 Months as Rates Bite
Mortgage rates averaged 6.92% in June, according to Freddie Mac, and high rates for construction and development loans...
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NAHB: Lot Values Are On The Rise
According to National Association of Home Builders (NAHB)’s research of Census Bureau Survey of Construction (SOC) data, lot...
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ABC: Construction Backlog Up Slightly in June
According to an Associated Builders and Contractors (ABC) member survey performed between June 20 and July 3, the...
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MBA: Increased Mortgage Activity in June
From May to June, the Market Composite Index, a measure of mortgage loan application volume derived from the...
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Existing Home Sales Drop Despite Record High Prices
Existing house sales decreased for the third consecutive month in May, owing to persistently high mortgage rates and...
