Tag: home construction
Construction job openings unchanged as housing market slows
The construction labor market saw little change for job openings in June as open, unfilled jobs for the overall economy continued to move lower...
Builder confidence in housing market increases for fifth month
Builder confidence in the market for newly built single-family homes rose across the country in the past three months, including by two points in...
NAHB: Over half of home’s sales price goes to construction costs
The National Association of Home Builders’ (NAHB) latest Cost of Construction Survey revealed 60.8% of the average home sales price consisted of construction costs...
Builder confidence drops for tenth straight month
In a further signal that rising interest rates, building material bottlenecks and elevated home prices continue to weaken the housing market, builder sentiment fell...
Construction employment dips In January despite record rise in wages
Construction employment dipped by 5,000 jobs between December and January even though hourly pay rose at a record pace in the past year, according...
HBI report shows labor shortage weakening housing supply, affordability
A lack of skilled construction labor is a key limiting factor for improving housing inventory and affordability, according to the Home Builders Institute’s (HBI’s)...
Construction spending slumps nationwide in September
Total construction spending declined in September for the first time since February, as both residential and nonresidential construction slipped, according to a new analysis...