Tag Archive for ‘economics’

Construction Jobs Continue Slow Growth per October JOLTS Data

Job Openings and Labor Turnover Survey (JOLTS) data for October from the Bureau of Labor Statistics reveal that the national economy, while sluggish, continues to trend better with respect to job openings. Total job openings for all non-farm sectors were essentially unchanged at 3.3 million. The job openings rate of 2.4% for October remains at levels last consistently experienced in 2008. The… Read More ›

Declining Multifamily Vacancy Rates Point to Future Growth

Data from the Survey of Market Absorption (SOMA), produced by the Census Bureau and the Department of Housing and Urban Development, reveal limited weakness in the multifamily sector for the first half of 2011. However, declining multifamily vacancy rates are a hopeful sign for future multifamily market expansion, which is consistent with improving responses reported in NAHB multifamily surveys. The SOMA tracks completions and… Read More ›

The Geography of Home Size and Occupancy

A new research paper from NAHB Economics examines the geography of the relationship between home size and the number of people residing in a given home.  It is well-known that home sizes, on average, increase as one moves from the central city to the suburbs. As a result, a stereotype exists of that people living in larger homes in the suburbs are… Read More ›