Builder Data & Analysis
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Liberty Cedar
Leading top quality specialty wood products, tropical lumbers & domestic hardwoods, custom milling and flooring, trim packages, timbers and other materials serving Rhode Island, Massachusetts, Connecticut, and Long Island with excellent customer service. Delivery to other areas via common carrier.
Shop online at Libertycedar.com
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March Sees Significant Drop in Construction Jobs
The number of total job vacancies for the entire economy has decreased over the last year as monetary policy has tightened. This is consistent with a somewhat calmer economy,...
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NAHB: Private Residential Construction Spending Declines in March
According to the NAHB’s analysis of Census data, private residential construction spending fell 0.7% in March after rising 0.7% in February. It had a seasonally adjusted annual rate of...
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NAHB: Builder Sentiment Remained Unchanged in April
Builder sentiment was flat in April, as mortgage rates stayed close to 7% over the previous month and the latest inflation statistics failed to demonstrate improvement in the first...
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US Single-Family Permits Surge in February 2024
In the first two months of 2024, the total number of single-family permits issued nationwide year-to-date (YTD) reached 155,236. On a year-over-year (YoY) basis, this is a 38.4% rise...
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Building Material Costs Up in March, But Lumber Prices Soften
Inputs to residential construction, including building materials, increased for the fifth straight month according to the latest Producer Price Index (PPI) report by U.S. Bureau of Labor Statistics. The...
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Inflation Remains High as Housing Cost Growth Continues
Consumer prices continued to rise in March, with shelter and gasoline prices driving over half of the total increase. This marks the third consecutive strong reading. Despite a slowdown...
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Stalled Confidence: Consumers Hold Steady Despite Concerns About Future
Consumer confidence remained stable in March, with optimism about current conditions offset by concerns about the future economic outlook. This pessimism was primarily driven by persistent inflation, particularly high...
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New Home Sales Remain Stable in February Despite Rising Mortgage Rates
New home sales activity held firm in February, defying a slight increase in mortgage rates. While sales dipped a marginal 0.3% compared to January, they remain 5.9% higher year-over-year....
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NAHB: Builder Sentiment Surges Above Breakeven Point
A scarcity of current inventory, which continues to drive consumers to new house construction, combined with solid demand and mortgage rates below last fall’s cycle peak, pushed builder morale...
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Strong Rebound in Single-Family Permits, Multifamily Permits Decline
The number of single-family home permits issued nationwide in January 2024 surged 43.1% year-over-year to 75,906. As of January, all four regions saw permit increases ranging from 67.0% in...
