Jack Bjorklund
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By Jack Bjorklund / September 9, 2024
Second-Home Areas Growing in Homebuilding Market
According to NAHB’s featured topic for the second quarter HBGI, second homes account for 17.5% of single-family and...
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By Jack Bjorklund / September 9, 2024
ABC Construction Backlog Dropped in August
According to an ABC member survey performed between August 20 and September 5, the Construction Backlog Indicator decreased...
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By Jack Bjorklund / September 4, 2024
Job Market in Construction is Slowing Down
According to the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS), the number of open...
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By Jack Bjorklund / September 3, 2024
NAHB: Private Residential Construction Spending Falls in July
Private residential construction spending declined by 0.4% in July, according to Census Construction Spending figures. Nonetheless, spending remained...
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By Jack Bjorklund / August 19, 2024
NAHB: Best Quarter for Custom Home Building in Nearly Two Years
According to National Association of Home Builders (NAHB)’s analysis of Census Data from the Quarterly Starts and Completions...
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By Jack Bjorklund / August 16, 2024
Townhouse Construction Growth Continue
Year-over-year improvements in townhouse construction continued in the second quarter of 2024, as demand for medium-density housing remained...
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By Jack Bjorklund / August 15, 2024
Builder Confidence Falls as Market Expects Rate Cuts
A lack of affordability, as well as buyer reluctance due to high interest rates and housing prices, contributed...
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By Jack Bjorklund / August 14, 2024
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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By Jack Bjorklund / July 31, 2024
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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By Jack Bjorklund / July 30, 2024
Construction Job Openings Slowdown
According to the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS), the number of open...