Mixed Employment Data in May
…this cycle. In the first five months of 2024, 1,239,000 jobs were created, and monthly employment growth averaged 248,000 per month, compared with the 251,000 monthly average gain for 2023….
…this cycle. In the first five months of 2024, 1,239,000 jobs were created, and monthly employment growth averaged 248,000 per month, compared with the 251,000 monthly average gain for 2023….
Fueled by a lack of existing inventory and pent-up demand, single-family permit growth is occurring across all tracked geographic regions of the nation. The opposite holds true for the multifamily…
According to the latest 2022 ACS, 11.2 million people, including self-employed workers, worked in construction in 2022. NAHB estimates that out of this total, 4.7 million people worked in residential…
The desirability of new homes continues to grow. Faced with the alternative of choosing between an existing home and a newly built home, 61% of home buyers in a recent…
…in April. Sales in the Northeast, Midwest, South, and West decreased 4.0%, 1.0%, 1.6% and 2.6%, respectively. On a year-over-year basis, sales in the Northeast, Midwest, and South decreased 4.0%,…
Nonfarm payroll employment increased in 38 states and the District of Columbia in April compared to the previous month, while 11 states saw a decrease. Alaska reported no change during…
Inputs to residential construction, goods less food and energy, increased for the sixth consecutive month, according to the most recent producer price index (PPI) report published by the U.S. Bureau…