Tag Archive for ‘economics’

Construction Hiring Slows at the Beginning of 2012

February data from the Job Openings and Labor Turnover Survey (JOLTS) from the Bureau of Labor Statistics suggest that while construction hiring continues to add net jobs to the sector, the rate of this increase slowed at the beginning of the year. For the economy as a whole, hiring rates remain near post-recession highs. The hiring rate in February increased… Read More ›

Neighborhoods with New Homes are Preferred

April is new homes month. And while the benefits of new homes are typically thought of in terms of the house itself, neighborhoods of new homes are typically preferred by homeowners. Data from the 2009 American Housing Survey (AHS) offer proof. The AHS classifies new construction as homes no more than four years old. When asked to rank their neighborhood… Read More ›

The Employment Situation for March – Disappointing

The Bureau of Labor Statistics (BLS) released the Employment Situation report for March today. Payrolls increased by 120 thousand in March, an unexpected deceleration after strong gains in January and February that averaged 258 thousand. Some of the slowdown could be payback for a warm weather surge that boosted January and February. Even with the deceleration the first quarter average… Read More ›

Montana’s At-Large Congressional District Has More Residential Construction Workers Than Any Other District

A new research paper from NAHB Economics presents the 2010 estimates of residential construction employment by state and Congressional district. Despite significant employment losses that took place in home building during the housing downturn the industry continues to employ a substantial number of workers in most parts of the country. NAHB estimates show that, nationally, close to 3.4 million people… Read More ›

Remodeling Per Home Highest on the Coasts, in Resort Areas

NAHB recently released new county estimates of remodeling in owner-occupied homes to members of NAHB Remodelers.  The estimates are based on a model developed by NAHB using the American Housing Survey (HUD/U.S. Census Bureau) with county-level inputs from the Census Bureau’s American Community Survey.  The inputs are based on data collected from 2006 to 2010, so the resulting estimates are for remodeling by home owners during… Read More ›

New Homes are Less Expensive to Maintain

April is new homes month. And one of the virtues of a newly constructed home is the savings that come from reduced energy and maintenance expenses. Data from the 2009 American Housing Survey (AHS) offer proof. The AHS classifies new construction as homes no more than four years old. For example, for routine maintenance expenses, 26% of all homeowners spent… Read More ›

Improving Markets at 101

The number of metropolitan markets on the NAHB/First American Improving Markets Index (IMI) rose to 101 in April from 99 in March.  Markets on the list must have improved in the three critical indicators of employment, housing permits and home prices for six months or more.  In April, 88 markets remained from the March list, 13 more were added and… Read More ›

Private Residential Construction Holds Steady in February

The Census Bureau reported that private residential construction spending was essentially unchanged between January and February 2012. However, the initial readings for December and January were revised appreciably lower, respectively, to an increase of 0.4% and a slight decline in spending of -0.1% (versus previous estimates of 1.5% and 1.8%). In concert with other indicators such as new housing starts,… Read More ›