Jack Bjorklund
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Builders and Lenders: Credit is tightening
The third quarter of 2023 saw a continued tightening of credit availability for residential AD&C loans, according to...
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Rising mortgage rates reduce housing affordability to lowest level in index history
Rising mortgage rates, higher construction costs, and limited current availability all contributed to housing affordability reaching its lowest...
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Construction Employment Sees Nearly 3% Increase Since August 2022
Nonfarm payroll employment climbed in 33 states and the District of Columbia in August, while it decreased in...
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ABC: Construction Backlog Indicator Remains Stable in August, Contractors Confident
An ABC member poll performed from August 21 to September 6, the Construction Backlog Index fell to 9.2...
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NAHB: Major Metro Areas Experience Biggest Drop in Single-Family Construction
According to the latest data from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI)...
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NAHB: Multifamily Developer Confidence in Positive for Second Quarter
According to the National Association of Home Builders (NAHB) Multifamily Market Survey (MMS), confidence in the market for...
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ABC: July Sees Uptick in Construction Backlog Indicator, Contractors Stay Confident
According to an ABC member survey conducted from July 20 to August 4, the Associated Builders and Contractors...
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NAHB: Single-Family Starts Decline in June
After four consecutive monthly advances, single-family production dropped back, as rising construction costs and mortgage rates reduced home...
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Residential Building Workers’ Wage Growth Currently on a Downward Trend
After experiencing significant increases for over a year, average hourly pay for residential construction workers has been rising...
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NAHB: Remodeling Market Sentiment Declined in the Second Quarter
The National Association of Home Builders (NAHB) announced its NAHB/Westlake Royal Remodeling Market Index (RMI) for the second...
