Builder Data & Analysis
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ABC: Nearly Half of State Construction Unemployment Rates Dip Since Last Year
The national not seasonally adjusted construction unemployment rate in September 2024 was 3.7%, down 0.1% from the previous year, according to a state-by-state analysis of U.S. Bureau of Labor...
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Single-Family Starts Rise in September
In September, single-family starts experienced a modest increase as a result of the Federal Reserve’s easing of monetary policy and an improvement in builder sentiment. Conversely, multifamily construction continued...
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Residential Construction Loan Declines
The volume of total outstanding acquisition, development, and construction (AD&C) loans experienced the most significant year-over-year percentage decline since 2012 during the second quarter of 2024. This decline was...
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Zillow: Builders turn to condos and townhomes amid affordability crisis
America’s housing stock is growing faster than it was prior to the pandemic-induced housing craze, as builders scramble to fill a 4.5 million-home shortage. According to Zillow’s most recent...
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Higher single-family permits in August 2024
The total number of single-family permits issued year-to-date (YTD) nationwide reached 685,923 during the first eight months of 2024. This represents an 11.5% increase from the level of 615,453...
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Inflation Continues to Slow in September
Inflation eased further in September, remaining at a three-year low as shelter prices moderated. Shelter expenses, the primary driver of inflation since early 2023, saw their annual growth rate...
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Remodeling Market Sentiment Softens in Third Quarter
The NAHB/Westlake Royal Remodeling Market Index (RMI) for the third quarter of 2024 registered 63, a two-point decrease from the previous quarter. Remodelers are positive about the market, despite...
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Patios Outnumbered Decks on New Homes
While the percentage of new houses with patios is increasing, the percentage with decks has remained at a historic low of less than 18%, according to NAHB analysis of...
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Construction Job Market Rebounds
According to the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS), the number of open construction industry jobs rebounded in August after a period of slowdown...
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NAHB: What window and door features home buyers want?
A new NAHB study reveals that energy-efficient windows and a variety of door options are top priorities for homebuyers. The most recent NAHB study on home buyer preferences: What...
