Aggregate residential building material prices rose at the fastest pace since January 2023, according to the latest Producer Price Index from the Bureau of Labor Statistics. The Producer Price Index for final demand increased 0.3% in September after falling 0.1% …
Read More »Tag Archives: residential construction
Remodeling Firms Now Dominate Residential Construction Establishments
Remodeling has taken over a significant portion of the residential construction market, with most U.S. households unable to afford new construction. The number of remodeling establishments has nearly doubled in the last 25 years and remodelers now represent over half …
Read More »Construction Professionals Confidence at Highest Point Since 2018
Confidence levels among residential construction professionals are at their highest point since 2018 and are up five points from 2021, according to the Q1 2022 Houzz Renovation Barometer. Confidence among architecture and design firms is up one point from Q1 …
Read More »Existing Home Sales, Housing Starts Fall
New data shows the rate of existing home sales in the U.S. has fallen for the third consecutive month after reaching a record high in October. Additionally, April housing starts have also fallen since March. In total, existing home sales …
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