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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Freddie Mac: Higher Mortgage Rates Slow October Housing Production
According to Freddie Mac, housing starts decreased last month as the average monthly mortgage rate rose by a quarter point from 6.18% to 6.43% between September and October. The...
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Townhouse Construction Gains Momentum
Year-over-year improvements in townhouse construction continued in the third quarter of 2024, as demand for medium-density housing remained strong despite a slowdown in other sectors of the building industry....
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Housing Costs Continue to Fuel Inflation
Inflation increased again in October, indicating that the last push to the 2% objective will be the most difficult. Shelter expenses continued to be the primary driver of inflation,...
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ABC’s October Construction Backlog Indicator Falls, Contractor Confidence Rises
According to a poll of its member contractors performed from October 21 to November 4, Associated Builders and Contractors reported a Construction Backlog Indicator of 8.4 months in October....
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Second-Quarter Sawmill Production Rises
The production index for sawmills and wood preservation businesses increased by 0.2% in the second quarter of 2024. According to G.17 data, this was the first increase in real...
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3Q Multifamily Developer Sentiment Was Mixed
Confidence in the market for new multifamily homes was mixed year on year in the third quarter of 2024, according to the National Association of Home Builders’ (NAHB) Multifamily...
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Mortgage Rates Reversed October Downtrend
Mortgage rates reversed their recent downward trend in October, returning to two-month-ago levels. According to Freddie Mac, the average 30-year fixed-rate mortgage rate climbed by 25 basis points (bps)...
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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...
