Tag Archive for ‘remodeling’

Producer Prices in April – Up in March, Down in April

The Bureau of Labor Statistics (BLS) released the Producer Price Indexes (PPI) for April. Inflation in prices received by producers (prior to sales to consumers) fell 0.4% in April after a modest increase (0.2%) in March. The decline was dominated by goods, and mainly energy, but prices for services also declined by 0.1%. Prices for gypsum flattened out in April… Read More ›

What Builders are Building

Based on a December 2014 survey of builders, the Walk-in Closet in the Master Bedroom and the Laundry Room ranked as the top two features builders are most likely to include in new 2015 homes. Scored by a choice of Very Likely equal to 5 and a Not at All Likely choice equal to 1, these top two features rated… Read More ›

Count of Open Construction Jobs in March

The number of open, unfilled construction sector positions remained elevated in March. Over the last few months, the construction labor market has experienced swings in the monthly count of new hires, as the share of open construction jobs has trended higher. According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the number of open construction sector jobs (on a… Read More ›

Residential Remodelers Account for 22% of NAHB Builder Membership

According to NAHB’s 2014 membership census, 22 percent of NAHB’s builder members are residential remodelers. The share of members reporting residential remodeling as their primary activity peaked in 2011 and has been steadily declining over the past three years. In 2011, 28 percent of NAHB’s builder members were residential remodelers, compared to 26 percent in 2012, 24 percent in 2013,… Read More ›

Declines for Residential Construction Spending in March

NAHB analysis of Census construction spending data finds that over the last year, the pace of private single-family construction spending increased 7.8% and multifamily construction spending increased 23.4%, despite monthly declines for March. For the month, the seasonally adjusted annual rate of single-family construction spending was $200.7 billion, down 1.8% from February. The March rate of multifamily construction spending was $49.2 billion, 2.1% lower than February. The… Read More ›

Remodeling Jobs—Baths Edge Kitchens Again for Top Spot

To lead off National Home Remodeling Month in May, we report results from NAHB’s quarterly Remodeling Market Index (RMI) survey on the most common type of jobs performed by NAHB Remodelers in 2014. The results show that kitchen and bathroom remodeling remain the two most common types of projects, as they have been consistently since NAHB started asking the question… Read More ›

Pending Sales Momentum

The Pending Home Sales Index increased for the third straight month in March to a level 11.1% above the same period a year ago.  The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased 1.1% in March to 108.6, up from an upwardly revised 107.4 in February. The… Read More ›

Occupations in the Home Building and Remodeling Industry

Home building, remodeling and the overall residential construction industry support many types of jobs. BLS data from the 2014 Occupational Employment Statistics (OES) Survey, and NAHB analysis, provide a count of these occupation classes. The OES survey defines employment as the number of workers who can be classified as full- or part-time employees. The following profile examines the Residential Building Construction industry group,… Read More ›