According to the latest 2021 ACS, close to 11 million people, including self-employed workers, worked in construction in 2021. NAHB Economics estimates that out of this total, 4.5 million people worked in residential construction, accounting for 2.9% of the US employed civilian labor force. Home building in multiple states in the Mountain Division, as well as in Vermont, Florida, and… Read More ›
Tag Archive for ‘new residential construction’
Builders’ Use of Drones Remains Widespread, Mostly for Promotional Photos
Well over 40 percent of builders continue to use aerial drones, according to special questions on the March 2019 survey for the NAHB/Wells Fargo Housing Market Index (HMI). The first of these questions asks the single-family builders in the HMI panel if they have ever used drones in their businesses, including any cases where they may have hired third parties… Read More ›
Builders’ Use of Aerial Drones Takes Off
About two years ago, NAHB reported that 22 percent of single-family builders had used aerial drones (or unmanned aircraft systems, as the Department of Defense calls them) at least once in their construction businesses. But the times they are a-changing. When we revisited the issue in March of this year, we saw that the percentage of builders using drones had… Read More ›
Residential Construction Spending Ends 2016 on High Note
NAHB analysis of Census Construction Spending data shows that total private residential construction spending grew 0.5% in December 2016 to a seasonally adjusted annual rate (SAAR) of $466.9 billion. After slowing in August and September the SAAR of spending on residential construction finishes 2016 with its third consecutive monthly increase. Multifamily construction spending in December grew by 2.8% to a seasonally-adjusted annual… Read More ›
Single-Family Construction Up in November
NAHB analysis of Census Construction Spending data shows that total private residential construction spending fell 0.7% in November to a seasonally adjusted annual rate of $462.9 billion. Multifamily construction spending slowed for the first time since July to a seasonally-adjusted annual rate of $61.9 billion, down 2.9% from the revised October estimate. Despite the slowdown, multifamily spending was still 10.7%… Read More ›
Over 20% of Home Builders Have Already Used Aerial Drones
Results from a recent NAHB survey of single-family builders show that a majority of them (66 percent) are aware that unmanned aerial vehicles (i.e., drones) have been used on construction sites, and 22 percent have already used a drone in their own construction business at least once (including cases where they may have hired a third party to do so)…. Read More ›