According to the National Association of Home Builders (NAHB), residential construction employment is now at 3.4 million, with 961,000 builders and 2.4 million residential speciality trade contractors. In December 2024, construction workers saw a 5.5% unemployment rate. This is slightly …
Read More »
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 …
Read More »
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 »
Many homeowners are opting to spend more time outside than inside. From lighting up backyard barbecues to enjoying time around a pool, homeowners are looking for the next best outdoor living product to complete their outdoor space. In 2022, 58% …
Read More »
In Q2, the U.S. economy grew twice as fast as it did in Q1, which was supported by consumer spending and private inventory investment, according to the National Association of Home Builders (NAHB). Consumer spending rose at its annual rate …
Read More »
Interest rates rose in 2022 and 2023, causing single-family home production to fall. But as the Federal Reserve is on track to cut interest rates during the second half of the year, production should begin its upward path, according to …
Read More »
Danushka Nanayakkara-Skillington is the assistant vice president for forecasting and analysis at the National Association of Home Builders (NAHB). She oversees the activities of the forecasting and analysis section of the economics group which includes housing market analysis, industry surveys, …
Read More »
Danushka Nanayakkara-Skillington is the National Association of Home Builders‘ (NAHB) assistant vice president for forecasting and analysis. She oversees the activities of the forecasting & analysis section of the economics group which includes housing market analysis, industry surveys, developing and …
Read More »
Hardware Retailing The Industry's Source for Insights and Information
