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NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.1% Total private residential construction spending was 16.6% MORE
135 
The labor market continues to tighten, especially for the construction industry. The count of open construction jobs increased to 410,000 unfilled positions in October, the highest measure in the history of the data series (going back to late 2000). MORE
New housing construction is booming, but due to market constraints, stalled projects are also up compared to pre-pandemic times. In a new article written by Jacob Channel, LendingTree’s Senior Economic Analyst, he finds that strong housing demand has provided builders with plenty of opportunities to begin construction on new homes but labor shortages and global … The post Stalled Construction Projects Up Nearly 50% appeared first on theMReport.com. MORE
Prices paid for goods used in residential construction ex-energy rose 3.6% inputs to residential construction less food and energy) prices have declined just twice since December 2019. in May (not seasonally adjusted) and have increased 16.5% MORE
138 The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs increased slightly to 396,000 unfilled positions in March. MORE
Residential construction loan volume reached a post-Great Recession high during the fourth quarter of 2021, as home building activity posted gains for the year. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions increased 1% during the fourth quarter. MORE
Residential construction employment rose by 3,100 in April, after an increase of 28,700 in March. Read More › Construction Statistics Economic Indicators Economics Housing Data COVID-19 employment labor force labor force participation rate residential construction employment MORE
The post Cost of Materials Restricting Home Construction Growth appeared first on theMReport.com. The post Cost of Materials Restricting Home Construction Growth appeared first on Appraisal Buzz. MORE
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction continued at a strong pace in the first quarter of 2021. This followed the best quarter for townhouse construction in 2.5 MORE
The post New Construction on the Rise appeared first on theMReport.com. The post New Construction on the Rise appeared first on Appraisal Buzz. The pool of newly built single-family homes on the market is at a record high, as builders try to keep up with surging homebuyer demand. MORE
in December were new construction, up from 25.4% housing inventory over the last 10 years, with a significant increase in … The post New-Construction Homes Rise to Record High appeared first on DSNews. According to a new report from Redfin, more than 34.1% MORE
Preference for newly constructed homes skyrocketed in 2020, as buyers looked for homes with more square footage and amenities in which to work remotely, school children, exercise, etc. By the fourth quarter of 2020, 42% of prospective buyers preferred new construction. MORE
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 Following a strong showing in October , a somewhat disappointing U.S. MORE
Of course, the construction industry has been facing some pressing challenges, including hitches in global and national supply chains. This makes new home construction a continued challenge, even as demand exists to accelerate new housing. MORE
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction jumped 28.1% in 2021. MORE
With the demand for homes at an all-time high, new construction has been dampened by a drop in the number of workers. The post Decline in Construction Workforce Stunts Housing Inventory appeared first on theMReport.com. MORE
As the construction labor market remains tight and skilled labor shortages persist, wages in construction continue to rise, often outpacing and exceeding typical earnings in other industries. MORE
The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Tye Alroe, director of Alroe Constructions , was recently let down by a subcontractor who pulled out of a job at the last minute. “I MORE
The post Home Construction Stunted by Supply Chain Issues appeared first on DSNews. The post Home Construction Stunted by Supply Chain Issues appeared first on Appraisal Buzz. MORE
Since Q1, the market share for single-family construction in urban core areas fell from 18% to 17.2%, the report said. The report showed that single-family construction in second-home markets expanded at a 13.6% Apartment construction increased in second-home markets by 11.1%. MORE
According to the 2020 Bureau of Labor Statistics Occupational Employment Statistics (OES) Survey data and analysis by the National Association of Home Builders (NAHB), half of payroll workers in construction earn more than $50,460 and the top 25% make at least $71,000. MORE
143 While most appraisals only require a single field visit—and in some cases none—when it comes to appraising new construction, you may need to visit the property several times. The post Appraising New Construction: Guidance for Follow-Up Inspections appeared first on Appraisal Buzz. MORE
million) of construction workers are self-employed. Nevertheless, construction self-employment rates are now lowest on record, down from a record high of over 26% in 2010. One of the factors behind the recently falling construction self-employment. MORE
94 
To keep pace with current construction demand, and account for attrition, 740,000 new construction workers are needed each year for the next three years , a report by the Home Builders Institute contends. million new hires for construction. MORE
What had been, in prior years, a challenge in certain sectors, like construction, continues as. The labor market continues to tighten. In the September BLS Job Openings and Labor Turnover Survey (JOLTS) data, the national number of job quits for all sectors (4.4 MORE
Department of Housing and Urban Development have released their new residential construction statistics for February 2022, which found that privately?owned family housing starts in … The post Home Construction Still Affected by Supply Chain Issues appeared first on DSNews. The post Home Construction Still Affected by Supply Chain Issues appeared first on Appraisal Buzz. The U.S. Census Bureau and the U.S. MORE
For the second month in a row the construction sector added jobs, rising by 44,000 jobs in October. Unfortunately for the residential housing sector, most of these jobs were in nonresidential specialty trade contractors (19,000), and in heavy and civil engineering construction (12,000). Construction employment is still 150,000 jobs below its February 2020 level. The post Residential construction jobs still haven’t returned appeared first on HousingWire. MORE
The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs increased for the month to 380,000 unfilled positions in January. MORE
Duncan noted the pace of new home sales over the past six months has accelerated more quickly than the construction pace, suggesting homebuilders will have to play catch up relative to sales going forward. MORE
New home construction continues to climb, as privately owned single-family housing starts in July were at a seasonally adjusted annual rate of 1.496 million, a 22.6% The post New home construction shoots up 22.6% MORE
After losing 3,000 jobs in August , the construction sector added 22,000 jobs in September. However, construction employment is still 201,000 jobs below its February 2020 level. The average hourly earnings of production and non-supervisory employees in construction are up 5.8% MORE
The second quarter of 2021 marked the second consecutive quarter of loan growth for residential construction loans. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions increased by 4.9% MORE
NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1% in March after an increase of 0.7% Total private residential construction spending was 18.4% MORE
129 
The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs remained steady at 381,000 unfilled positions in February. MORE
Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. The post How will rising rates affect new home construction? Today, the U.S. MORE
Residential construction numbers were a surprise again in August. Permits for construction and housing starts were both higher than expected, however, multifamily numbers were driving the results. MORE
According to the latest May 2021 Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of Home Builders (NAHB), half of payroll workers in construction earn more than $49,070 and the top 25% make at least $75,820. MORE
147 Read More › Economics apartments COVID-19 exurbs home building geography index housing demand housing preferences multifamily construction single-family construction suburban townhouse construction MORE
What had been a challenge in certain sectors, like construction, continues as a broad labor access issue as businesses seek workers as the economy reopens. The count of open construction jobs weakened in July to 321,000 unfilled positions, according to data from. MORE
The post Residential Construction Continues Shift to Suburbs appeared first on theMReport.com. The post Residential Construction Continues Shift to Suburbs appeared first on Appraisal Buzz. MORE
NAHB analysis of the most recent 2019 American Community Survey (ACS) data reveals that the median age of construction workers is 41, the same as a typical worker in the national labor force. The median age of construction. MORE
Construction Related Topics Housing Wire
DECEMBER 3, 2021
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 Following a strong showing in October , a somewhat disappointing U.S.
Housing Wire
NOVEMBER 4, 2021
To keep pace with current construction demand, and account for attrition, 740,000 new construction workers are needed each year for the next three years , a report by the Home Builders Institute contends. million new hires for construction.
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Housing Wire
FEBRUARY 22, 2022
The residential construction industry is facing a crisis as builders manage the critical shortage of building materials and labor. Tye Alroe, director of Alroe Constructions , was recently let down by a subcontractor who pulled out of a job at the last minute. “I
Appraisal Buzz
JANUARY 17, 2022
Of course, the construction industry has been facing some pressing challenges, including hitches in global and national supply chains. This makes new home construction a continued challenge, even as demand exists to accelerate new housing.
Appraisal Buzz
MAY 16, 2022
New housing construction is booming, but due to market constraints, stalled projects are also up compared to pre-pandemic times. In a new article written by Jacob Channel, LendingTree’s Senior Economic Analyst, he finds that strong housing demand has provided builders with plenty of opportunities to begin construction on new homes but labor shortages and global … The post Stalled Construction Projects Up Nearly 50% appeared first on theMReport.com.
Eyes on Housing
APRIL 8, 2022
According to the latest May 2021 Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of Home Builders (NAHB), half of payroll workers in construction earn more than $49,070 and the top 25% make at least $75,820.
Housing Wire
AUGUST 18, 2020
New home construction continues to climb, as privately owned single-family housing starts in July were at a seasonally adjusted annual rate of 1.496 million, a 22.6% The post New home construction shoots up 22.6%
Housing Wire
MARCH 17, 2022
Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. The post How will rising rates affect new home construction? Today, the U.S.
Appraisal Buzz
FEBRUARY 2, 2022
The post New Construction on the Rise appeared first on theMReport.com. The post New Construction on the Rise appeared first on Appraisal Buzz. The pool of newly built single-family homes on the market is at a record high, as builders try to keep up with surging homebuyer demand.
Eyes on Housing
MAY 2, 2022
As the construction labor market remains tight and skilled labor shortages persist, wages in construction continue to rise, often outpacing and exceeding typical earnings in other industries.
Eyes on Housing
MARCH 9, 2022
The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs increased for the month to 380,000 unfilled positions in January.
Eyes on Housing
MAY 2, 2022
NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1% in March after an increase of 0.7% Total private residential construction spending was 18.4%
Eyes on Housing
DECEMBER 8, 2021
The labor market continues to tighten, especially for the construction industry. The count of open construction jobs increased to 410,000 unfilled positions in October, the highest measure in the history of the data series (going back to late 2000).
Housing Wire
NOVEMBER 5, 2021
For the second month in a row the construction sector added jobs, rising by 44,000 jobs in October. Unfortunately for the residential housing sector, most of these jobs were in nonresidential specialty trade contractors (19,000), and in heavy and civil engineering construction (12,000). Construction employment is still 150,000 jobs below its February 2020 level. The post Residential construction jobs still haven’t returned appeared first on HousingWire.
Housing Wire
NOVEMBER 18, 2020
Duncan noted the pace of new home sales over the past six months has accelerated more quickly than the construction pace, suggesting homebuilders will have to play catch up relative to sales going forward.
Eyes on Housing
FEBRUARY 18, 2022
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction jumped 28.1% in 2021.
Eyes on Housing
AUGUST 4, 2021
According to the 2020 Bureau of Labor Statistics Occupational Employment Statistics (OES) Survey data and analysis by the National Association of Home Builders (NAHB), half of payroll workers in construction earn more than $50,460 and the top 25% make at least $71,000.
Appraisal Buzz
FEBRUARY 2, 2022
in December were new construction, up from 25.4% housing inventory over the last 10 years, with a significant increase in … The post New-Construction Homes Rise to Record High appeared first on DSNews. According to a new report from Redfin, more than 34.1%
Eyes on Housing
APRIL 7, 2022
NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.1% Total private residential construction spending was 16.6%
Appraisal Buzz
DECEMBER 16, 2021
The post Home Construction Stunted by Supply Chain Issues appeared first on DSNews. The post Home Construction Stunted by Supply Chain Issues appeared first on Appraisal Buzz.
Eyes on Housing
JUNE 9, 2021
Read More › Economics apartments COVID-19 exurbs home building geography index housing demand housing preferences multifamily construction single-family construction suburban townhouse construction
Eyes on Housing
MAY 3, 2022
The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs increased slightly to 396,000 unfilled positions in March.
Eyes on Housing
MAY 26, 2021
NAHB analysis of the most recent 2019 American Community Survey (ACS) data reveals that the median age of construction workers is 41, the same as a typical worker in the national labor force. The median age of construction.
Eyes on Housing
NOVEMBER 12, 2021
What had been, in prior years, a challenge in certain sectors, like construction, continues as. The labor market continues to tighten. In the September BLS Job Openings and Labor Turnover Survey (JOLTS) data, the national number of job quits for all sectors (4.4
Eyes on Housing
MARCH 1, 2022
Residential construction loan volume reached a post-Great Recession high during the fourth quarter of 2021, as home building activity posted gains for the year. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions increased 1% during the fourth quarter.
Eyes on Housing
MARCH 29, 2022
The construction labor market remains tight, as the industry sees a rising number of job openings year-over-year. The count of open construction jobs remained steady at 381,000 unfilled positions in February.
Appraisal Buzz
SEPTEMBER 7, 2021
The post Residential Construction Continues Shift to Suburbs appeared first on theMReport.com. The post Residential Construction Continues Shift to Suburbs appeared first on Appraisal Buzz.
Eyes on Housing
MAY 7, 2021
Residential construction employment rose by 3,100 in April, after an increase of 28,700 in March. Read More › Construction Statistics Economic Indicators Economics Housing Data COVID-19 employment labor force labor force participation rate residential construction employment
Appraisal Buzz
MAY 25, 2021
With the demand for homes at an all-time high, new construction has been dampened by a drop in the number of workers. The post Decline in Construction Workforce Stunts Housing Inventory appeared first on theMReport.com.
Housing Wire
DECEMBER 1, 2020
Since Q1, the market share for single-family construction in urban core areas fell from 18% to 17.2%, the report said. The report showed that single-family construction in second-home markets expanded at a 13.6% Apartment construction increased in second-home markets by 11.1%.
Eyes on Housing
SEPTEMBER 8, 2021
The second quarter of 2021 marked the second consecutive quarter of loan growth for residential construction loans. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions increased by 4.9%
Appraisal Buzz
JULY 16, 2021
The post Cost of Materials Restricting Home Construction Growth appeared first on theMReport.com. The post Cost of Materials Restricting Home Construction Growth appeared first on Appraisal Buzz.
Eyes on Housing
MAY 18, 2021
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction continued at a strong pace in the first quarter of 2021. This followed the best quarter for townhouse construction in 2.5
Eyes on Housing
SEPTEMBER 8, 2021
What had been a challenge in certain sectors, like construction, continues as a broad labor access issue as businesses seek workers as the economy reopens. The count of open construction jobs weakened in July to 321,000 unfilled positions, according to data from.
Appraisal Buzz
JANUARY 11, 2022
While most appraisals only require a single field visit—and in some cases none—when it comes to appraising new construction, you may need to visit the property several times. The post Appraising New Construction: Guidance for Follow-Up Inspections appeared first on Appraisal Buzz.
Eyes on Housing
JUNE 17, 2021
Prices paid for goods used in residential construction ex-energy rose 3.6% inputs to residential construction less food and energy) prices have declined just twice since December 2019. in May (not seasonally adjusted) and have increased 16.5%
Appraisal Buzz
SEPTEMBER 21, 2021
Residential construction numbers were a surprise again in August. Permits for construction and housing starts were both higher than expected, however, multifamily numbers were driving the results.
Eyes on Housing
MAY 17, 2021
million) of construction workers are self-employed. Nevertheless, construction self-employment rates are now lowest on record, down from a record high of over 26% in 2010. One of the factors behind the recently falling construction self-employment.
Eyes on Housing
APRIL 20, 2022
Preference for newly constructed homes skyrocketed in 2020, as buyers looked for homes with more square footage and amenities in which to work remotely, school children, exercise, etc. By the fourth quarter of 2020, 42% of prospective buyers preferred new construction.
Appraisal Buzz
MARCH 17, 2022
Department of Housing and Urban Development have released their new residential construction statistics for February 2022, which found that privately?owned family housing starts in … The post Home Construction Still Affected by Supply Chain Issues appeared first on DSNews. The post Home Construction Still Affected by Supply Chain Issues appeared first on Appraisal Buzz. The U.S. Census Bureau and the U.S.
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