State-Level Employment Situation: June 2025
…May and June. Year-over-year ending in June, 1.8 million jobs have been added to the labor market, which is a 1.1% increase compared to the June 2024 level. The range…
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Remodeling Market Sentiment Dips in Second Quarter
In the second quarter of 2025, the NAHB/Westlake Royal Remodeling Market Index (RMI) posted a reading of 59, down four points compared to the previous quarter. While this reading is…
State-Level Employment Situation: May 2025
…at 0.4%, while Connecticut saw the biggest decline at 0.4% between April and May. Year-over-year ending in May, 1.7 million jobs have been added to the labor market, which is…
The Fed Pause Continues
Reflecting most forecasters’ expectations for the June FOMC meeting, the Federal Reserve continued its post-2024 pause for federal funds rate cuts, retaining a target rate of 4.5% to 4.25%. The…
HBGI Q1 2025: Multifamily Growth in Smaller Markets
Single-family construction growth slowed substantially across all markets in the first quarter of 2025, according to the Home Building Geography Index (HBGI). Multifamily construction growth remained negative in the largest…
Multifamily Absorption Moves Lower for New Apartments
The percentage of new apartment units that were absorbed within three months after completion continued to trend lower, according to the Census Bureau’s latest release of the Survey of Market…
State-Level Employment Situation: April 2025
…April, 1.9 million jobs have been added to the labor market, which is a 1.2% increase compared to the April 2024 level. The range of job gains spanned from 800…