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Day: May 5, 2025

  • Other Housing Data

Student Housing Construction Investment Rises in the First Quarter of 2025 

Na ZhaoMay 5, 2025May 5, 202503 mins

Private fixed investment in student dormitories increased by 2.3% in the first quarter of 2025, reaching a seasonally adjusted annual rate (SAAR) of $4.04 billion. This gain followed a 1.0% increase in the previous quarter. However, private fixed investment in dorms was 2% lower than a year ago, as elevated interest rates place a damper…

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  • Employment/Labor

Residential Building Worker Wage Growth Slows Amid Softer Labor Market

Jing FuMay 5, 2025May 5, 202502 mins

Wage growth for residential building workers continued to slow in March 2025, reflecting softening in the construction labor market, according to the latest report from the U.S. Bureau of Labor Statistics (BLS). On a nominal basis, average hourly earnings (AHE) for residential building workers reached $38.76 in March 2025, up 4.5% from $37.10 a year…

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