State-Level Employment Situation: June 2025
Nonfarm payroll employment increased in 27 states in June compared to the previous month, while employment decreased in 23 states and the District of Columbia. According to the Bureau of…
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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…
Who’s Still Working from Home in 2025? A Look at America’s Telework Trends
…group”, Pew Research Center. https://www.pewresearch.org/short-reads/2024/11/18/us-women-are-outpacing-men-in-college-completion-including-in-every-major-racial-and-ethnic-group/ Connor Borkowski and Rifat Kaynas, “Telework trends,” Beyond the Numbers: Employment & Unemployment, vol. 14, no. 2 (U.S. Bureau of Labor Statistics, March 2025), https://www.bls.gov/opub/btn/volume-14/telework-trends-in-2024.htm…
State-Level Employment Situation: May 2025
Nonfarm payroll employment increased in 37 states in May compared to the previous month, while it decreased in 10 states and the District of Columbia. The three remaining states, Alaska,…
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…
AI’s Role in Reshaping Employment: From Theory to Home Building Sector Impacts
…Note: Schmelzer, Ron. “Building The Future: How AI Is Revolutionizing Construction.” https://www.forbes.com/sites/ronschmelzer/2024/10/18/building-the-future-how-ai-is-revolutionizing-construction/ “The Rise of Artificial Intelligence in Construction.” Construction Today, September 2024. Demirci, Ozge, Jonas Hannane, and Xinrong Zhu….
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…