Housing Since Pandemic Onset, Lumber Products Have Added $14K to House Price, $51 to Rent Since the relatively low point at the onset of the pandemic on April 17, 2020,…NAHBJuly 14, 2022
Housing Remodeling Market Declines Year-over-Year The NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter of 2022 posted a…NAHBJuly 14, 2022
Housing June Inflation Reading the Highest since 1981 Consumer prices reached a new 40-year high in June as shelter, energy and food prices…NAHBJuly 13, 2022
Housing Share of Two or More Stories New Homes Increased in 2021 Information obtained from the US Census Bureau’s Survey of Construction (SOC) and tabulated by NAHB,…NAHBJuly 12, 2022
Housing Residential Building Worker Wages Continue to Rise Amid Uncertainty Average hourly earnings for residential building workers* continue to rise in May as the construction…NAHBJuly 11, 2022
Housing Solid Job Gains in June Despite interest rate hikes, job growth remained solid in June. Total nonfarm payroll employment increased…NAHBJuly 8, 2022
Housing Slightly Longer Time to Build Apartments in 2021 The average length of time to complete construction of a multifamily building, after obtaining authorization,…NAHBJuly 7, 2022
Housing Higher Rates Reduce Mortgage Demand Per the Mortgage Bankers Association’s (MBA) survey through the week ending July 1, total mortgage…NAHBJuly 6, 2022
Housing Construction Job Openings Leveling Off The construction labor market remains tight, but the total number of open construction sector jobs…NAHBJuly 6, 2022
Housing Hispanics Comprise 61% of the Construction Workforce in Texas The earlier June post highlighted the rising number and share of Hispanics in the construction…NAHBJuly 5, 2022