Nonfarm payroll employment increased in 47 states and the District of Columbia in June compared to the previous month while three states (Oklahoma, Kentucky, and Tennessee) lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 943,000 in July, following an upwardly revised increase of 938,000 jobs in June. On a month-over-month basis, employment… Read More ›

An expected impact of the virus crisis is a need for more residential space, as people use homes for more purposes including work. Recent data confirms this impact on the market is occurring. According to second quarter 2021 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family square floor area increased to… Read More ›

For the first time since the Census Bureau’s 2005 survey redesign, the share of new homes with patios broke above 60 percent in 2020.  More specifically, of the roughly 990,000 single-family homes started in 2020, 61.4 percent came with patios.  This number comes from NAHB tabulation of data from the Survey of Construction, which is partially funded by HUD.  This… Read More ›