Recent posts have discussed how builders are facing widespread shortages of many building materials, and how materials prices for the same house have increased by 26 percent over the past year.  Results from a follow-on NAHB survey show that builders have reacted to the shortages in a variety of ways, most commonly by raising the prices of their homes and… Read More ›

In June, total payroll employment rose by 850,000 and the unemployment rate was little changed at 5.9%. The June employment data shows strong growth momentum as more than 154 million people are fully vaccinated and COVID-19 restrictions on business are lifted. Residential construction employment increased by 15,200 in June, while nonresidential construction lost 22,600 jobs, following a decrease of 21,700… Read More ›