According to a new study conducted by the National Association of Home Builders (NAHB), regulations at the federal, state and local levels have added $131,734 to the cost of a new single-family home, 26.4% of the average sales price of …
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Mortgage Application Activity Declines in May Amid Rising Rates
Mortgage application activity declined in May as higher mortgage rate continued to impact the market, according to the National Association of Home Builders (NAHB). At the same time, adjustable-rate mortgages (ARM) gained traction. The Mortgage Bankers Association’s (MBA) Market Composite …
Read More »U.S. Economy Adds 172,000 Jobs in May
The U.S. economy added 172,000 jobs in May, marking the third straight month of job gains despite rising inflation and continued economic uncertainty, according to the U.S. Bureau of Labor Statistics. The unemployment rate in the month remained unchanged at …
Read More »OSHA Announces Top Violations, No Citation Increase
Improper fall protection was the most-cited OSHA violation in 2025. OSHA violations carry a financial penalty that the assessed company must pay. Last year, those penalties were $16,550 for each violation, as well as each day an employer fails to …
Read More »Construction Job Openings Up Slightly in April
The number of open positions in the construction sector increased in April according to the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open jobs is down significantly from three years ago due …
Read More »Single-Family Construction Declines Nationwide in Q1 2026, Multifamily Remains Resilient
Single-family home construction declined across all geographic regions in the first quarter of 2026 while multifamily construction grew in most areas, according to the NAHB’s Home Building Geography Index (HBGI), as economic uncertainty, high material costs and elevated interest rates …
Read More »The Demographics Driving Today’s Renovation Market
More homeowners are choosing to remodel their homes instead of purchasing new ones as elevated mortgage rates and limited housing inventory continue to impact the U.S. housing market. According to the National Association of Home Builders (NAHB), in 2024, an …
Read More »Single-Family Housing Starts Down in April
Single-family housing starts declined in April as builders faced continued economic uncertainty and affordability challenges, including higher construction costs, ongoing labor shortages and elevated financing expenses, according to the National Association of Home Builders (NAHB). Overall housing starts decreased 2.8% …
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