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,…
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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…
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
Nonfarm payroll employment increased in 40 states in April compared to the previous month, while it decreased in 10 states and the District of Columbia. According to the Bureau of…
Existing Home Sales Fall in April
Despite the brief retreat in mortgage rates and increased supply, existing home sales dropped to 7-month low in April, according to the National Association of Realtors (NAR). This unexpected decline…