The quantity of open positions in the construction sector increased.
According to the Job Openings and Labor Turnover Survey (JOLTS) conducted by the Bureau...
While the sector's recent trajectory was significantly altered by substantial downward revisions to improvement (remodeling) spending, private residential construction spending declined 0.3% in June....
The COVID-19 pandemic has significantly altered the housing market and consumer spending habits.
During this time, the demand for housing increased, home prices appreciated...
The new-home market was still affected by affordability challenges in June, as elevated mortgage rates, rising inflation, and broader economic uncertainty kept many potential...
Most home builders anticipated that the most significant obstacles they would face this year would be elevated mortgage rates and buyer hesitancy at the...
Most home builders anticipated that the most significant obstacles they would face this year would be elevated mortgage rates and buyer hesitancy at the...