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Top Earners: States with Highest Construction Wages in 2024
By Jack Bjorklund / May 2, 2024According to the most recent Current Employment Statistics (CES) report from the Bureau of Labor Statistics (BLS), not seasonally adjusted (NSA) average hourly earnings (AHE) in construction climbed 5%...
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March Sees Significant Drop in Construction Jobs
By Glenn Pierce / May 1, 2024The 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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Beacon Adds General Siding Supply
By Glenn Pierce / April 16, 2024Beacon announced that it has finalized the acquisition of General Siding Supply, which is based in Omaha, Nebraska, and has four other offices in Lincoln, Nebraska, Grand Island, Nebraska,...
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NAHB: Builder Sentiment Remained Unchanged in April
By Jack Bjorklund / April 15, 2024Builder 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
By Daniel Moore / April 12, 2024In 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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JELD-WEN will close two manufacturing locations
By Chris Gordon / April 12, 2024JELD-WEN has announced plans to simplify its North American window business by eliminating production plants in Vista, California, and Hawkins, Wisconsin. The business stated that the news is another...
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Building Material Costs Up in March, But Lumber Prices Soften
By Jack Bjorklund / April 11, 2024Inputs 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
By Jack Bjorklund / April 10, 2024Consumer 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
By Jack Bjorklund / March 26, 2024Consumer 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
By Jack Bjorklund / March 25, 2024New 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....