The number of open, unfilled positions in the construction industry increased in November, according to the delayed Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). As the labor market weakened at the end of 2025, the number …
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Mortgage Rates Continue Decline at the End of 2025
At the end of December 2025, long-term mortgage rates were at the lowest level since September 2024, continuing the steady decline seen since mid-2025. The 30-year fixed-rate mortgage averaged 6.19% in December, 5 basis points (bps) lower than November, while …
Read More »Construction Sector Job Growth Holds Steady
Nonfarm payroll employment was largely unchanged across the U.S. on a monthly basis in September 2025, according to the U.S. Bureau of Labor Statistics and the National Association of Home Builders’ (NAHB) Eye on Housing. 29 states and the District …
Read More »Builder Confidence Rises, Still Negative
Builder confidence inched higher to end the year but remains well into negative territory as builders continue to grapple with rising construction costs, tariffs and economic uncertainty, and as many potential buyers remain on the sidelines due to affordability concerns. …
Read More »Homeownership Rates Increase in Q3
The latest data from the United States Census Bureau’s Housing Vacancy Survey show the homeownership rate rose to 65.3%. Despite this quarterly increase, the trend continues to reflect significant affordability challenges. With mortgage interest rates remaining elevated and housing supply …
Read More »Construction Job Openings Hold Steady in October
The number of open, unfilled positions in the construction industry was relatively unchanged in October, according to the Bureau of Labor Statistics Job Openings and Labor Turnover Survey. The current level of open jobs is down from two years ago …
Read More »Infill and Teardown Construction Continues to Rise in New Home Building
According to an NAHB analysis of the latest Builder Practices Survey (BPS) conducted by Home Innovation Research Labs, in 2024, 6.9% of new single-family detached homes were teardowns and 20.1% were built on infill lots in older neighborhoods. While the …
Read More »The Impact of Location and Neighborhood Condition on Home Value
While home value is determined by several factors, including home size, square footage and curb appeal, a home’s location decides a noticeably significant portion of a home’s overall value. According to an analysis from the National Association of Home Builders …
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