Housing Wire
JANUARY 17, 2024
New home construction exploded early in the pandemic as soaring home demand squeezed existing inventory nationwide, giving homebuilders a much bigger share of a shrinking pie. Index values for most construction inputs are down from 2022 but remain above pre-pandemic levels. That could set the backdrop for a slower pace of construction.
Housing Wire
DECEMBER 3, 2021
unemployment rate recorded in February 2020, just prior to the Covid-19 pandemic. The construction sector added a total of 31,000 jobs in November, on par with the two prior months. It was a strong month for construction,” First American deputy chief economist Odeta Kushi said in a statement. “We While this is a 0.4%
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Housing Wire
JUNE 3, 2022
After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. The post Residential construction jobs now 7.6%
Housing Wire
JANUARY 5, 2024
While this is below the job growth in 2021 and 2022, when the economy was rebounding from the sharp job losses in 2020, it is still a much higher pace of job growth than we had before the pandemic,” Bright MLS Chief Economist Lisa Sturtevant said in a statement. With December’s numbers in, a total of 2.7 million jobs were added to the U.S.
Eyes on Housing
JUNE 14, 2022
The prices of goods used in residential construction climbed 1.8% since January 2020. goods inputs to residential construction, less energy) prices have increased 5.4%, year-to-date, and are 36.3% in May (not seasonally adjusted) and have increased 19.4%, year-over-year, according to the latest Producer Price Index (PPI) report.
Housing Wire
MAY 6, 2022
In addition, employment in the construction industry is now 21,000 jobs above its pre-pandemic level after the sector added 2,000 jobs. recorded in February 2020. The construction industry faces a shortage of skilled workers, and one way to attract and retain employees is to pay more,” Kushi said in a statement.
Appraisal Buzz
JANUARY 7, 2022
Most of the job gains were in leisure and hospitality, professional and business services, manufacturing, construction, and transportation and warehousing. In February 2020, prior to the coronavirus (COVID-19) pandemic, the unemployment rate was. Bureau of Labor Statistics. Percent appeared first on Appraisal Buzz.
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