Researchers in the home building industry should be aware that the Census Bureau released experimental estimates from the 1-year ACS data for 2020 instead of the standard 1-year 2020 estimates….
…unemployment rate declined to 3.9% in December, the lowest rate since the pandemic. As the labor market remains tight, wages have increased rapidly, particularly in residential building sector. According to…
Job gains slowed sharply for the second straight month in December as the Omicron variant began to spread. Nonfarm payrolls increased by 199,000 in December, and the unemployment rate fell…
…volatility in 2021. Soaring lumber prices, combined with delays and higher costs for other building materials, continued to be a significant limiting factor for home building throughout 2021 despite a…
Consumer confidence continued to improve in December as inflation concerns eased after hitting a 13-year high last month. Spending intentions for homes, cars, and major appliances all increased. However, consumer…
…in the history of the data series (going back to late 2000), 445,000 in October. The housing market remains underbuilt and requires additional labor, lots and lumber and building materials…
…building is still facing supply chain issues, which means the industry is dealing with rising material costs as well as ongoing labor shortages. The NAHB construction spending index, which is…
