After multiple tariffs on imports from China, Mexico and Canada were announced then placed on hold in early February, President Donald Trump announced a new round of tariffs on Feb. 10 that would raise steel and aluminum imports to a …
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The labor market for construction sector jobs remained lower than last year at the end of 2024, following a slow period associated with declines in some areas of the residential construction industry, according to the Bureau of Labor Statistics Job …
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Mortgage rates have been climbing since mid-December, with an average 30-year fixed-rate mortgage reaching 6.96% in January, before easing after the bond market stabilized following President Donald Trump’s postponement of tariffs until Feb. 1, the National Association of Home Builders …
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The Federal Reserve recently announced a pause on rate cuts at the end of a January meeting, holding the federal funds rate between 4.25% to 4.5%, the National Association of Home Builders (NAHB) reports. The Fed notes the economy remains …
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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 …
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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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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, …
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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% …
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