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 …
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Prices rose across goods and services used in residential construction in April due to rising energy and transportation service prices, according to NAHB’s Eye on Housing. Building material prices, excluding energy, rose at their highest yearly rate in three years, …
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Energy input prices increased in March at their fastest pace since June of 2020 as the conflict in Iran impacted critical global supply chains, according to an analysis from the National Association of Home Builders (NAHB). Building material prices, excluding …
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The U.S. labor market saw modest growth in March following a weak February, with a slight increase in payroll employment and a decrease in the unemployment rate to 4.3%, according to the National Association of Homebuilders. Construction employment led job …
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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% …
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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 …
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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 …
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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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