The U.S. economy grew at 2.8% in Q3 2024, according to the estimate released by the Bureau of Economic Analysis. This growth follows a 3.0% increase in Q2 of 2024. This quarter’s growth matched the National Association of Home Builders …
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5 Must-Have Outdoor Furniture Picks for Every Porch
In 2023, 67.7% of the roughly 950,000 single-family homes built included porches, up 1.3% from 2022, according to data compiled by the National Association of Home Builders’ Survey of Construction report. As more and more customers are building porches in …
Read More »Builder Sentiment Rises as Affordability Challenges Persist
As mortgage rates are on the decline, builder sentiment rose this month even as builders continue to grapple with rising costs, according to the National Association of Home Builders (NAHB). In the newly-built single-family homes category, builder confidence is 41, …
Read More »Job Openings Drop in November
In its latest Job Openings and Labor Turnover Summary, the U.S. Bureau of Labor Statistics reported that the number of job openings decreased to 10.6 million in November 2021, down from 11 million in October 2021. The number of hires …
Read More »Porches Gain Popularity With Homeowners
A place for sitting, sipping and spending time together, a home’s porch offers additional living space and provides a spot for homeowners to enjoy time outdoors. The Survey of Construction, conducted by the U.S. Census Bureau, found that 65 percent …
Read More »NAHB Chairman Urges Congress to Boost Lumber Production
The National Association of Home Builders‘ (NAHB) chairman Chuck Fowke called on Congress to increase domestic lumber production from federal lands to address the resilience of national forests, resolve lumber supply shortages, rein in elevated prices and improve housing affordability. …
Read More »Home Builders Report Sharp Increase in Building Material Prices
Even as home builders report shortages of building materials and products, new research from the National Association of Home Builders (NAHB) suggests pros are also seeing sharp increases in product prices. In the latest version of the NAHB and Wells …
Read More »4 Residential Construction Trends Shaping the Industry
Understanding major residential construction trends in the U.S. can help your business anticipate pro and DIY needs. As rising material costs and home prices impact the market, take a look at new research compiled from the National Association of Home …
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