Housing Wire

FEBRUARY 28, 2024

Like many localities across the country, Marin County leaders describe a housing crisis in their area that they hope to alleviate through the construction of more ADUs. It is a notoriously expensive housing market and maintains an estimated population of more than 260,000 people, according to data from the 2020 U.S.

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Construction Finance Mortgage Housing Market 426

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. In 2022, construction companies will have to work hard to catch up with an overwhelmed market.

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Construction Supply Chain Housing Market Technology 468

Eyes on Housing

APRIL 18, 2024

Half of payroll workers in construction earn more than $58,500 and the top 25% make at least $79,450, according to the latest May 2023 Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of Home Builders (NAHB). In comparison, the U.S. median wage is $48,060, while the top.

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Construction 158

Housing Wire

JULY 8, 2022

The construction sector, meanwhile, had only a slight gain, according to the U.S. But employment showed little change over the month in other major industries, including construction, retail trade, financial activities, government and other services. Job growth in the U.S. jobs report , released Friday. in June 2021. in May to $32.25

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Construction Housing Market Retail Real Estate 383

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 I had a roofer locked in six weeks in advance.

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Construction Contracts Supply Chain Business 407

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%

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Construction Renovations Transportation Real Estate 454

Housing Wire

OCTOBER 8, 2021

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% below its pre-pandemic level.

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Construction Government Development Mortgage 437

Eyes on Housing

FEBRUARY 23, 2024

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. For the fourth quarter of 2023, there were just 4,000 2- to 4-unit housing unit construction starts. This is flat from a year prior. Read More ›

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Construction Development 127

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). Residential building is up 5.4%

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Construction Development Business Housing Market 313

Eyes on Housing

MARCH 20, 2024

As we reported earlier, immigrants make one in four construction workers. The share is significantly higher (31%) among construction tradesmen. In some states, reliance on foreign-born labor is particularly evident, with immigrants comprising 40% of the construction workforce in California and Texas.

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Construction 133

Eyes on Housing

JANUARY 31, 2024

NAHB analysis of Census data shows that private residential construction spending rose 1.4% The 2023 annual spending on private residential construction was $864.9 The monthly increase in total construction spending is attributed to more. in December, marking three months of gains. billion, 5.8%

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Construction 151

Eyes on Housing

DECEMBER 1, 2023

NAHB analysis of Census Construction Spending data shows that private residential construction spending rose 1.2% Total private residential construction spending is 0.7% The total construction monthly increase. in October, after a dip in September. It stood at a seasonally adjusted annual pace of $884 billion.

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Construction 145

Eyes on Housing

MARCH 9, 2023

The NAHB recently published its latest Cost of Construction Survey. of the average home sale price consisted of construction costs, essentially unchanged from the 61.1% Results show that 60.8% posted in 2019.

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Construction 182

Eyes on Housing

SEPTEMBER 11, 2023

The number of women employed in the construction industry increased to over 1.28 million in 2022, as the construction industry recovered all jobs lost during the pandemic. of the construction workforce, up from 9.3% Currently, women make up 10.9%

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Construction 162

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. The post Construction Numbers Pushed Higher by Multifamily Surge; Potentially Big Day Ahead For Rates appeared first on Appraisal Buzz.

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Construction Appraisal 370

Eyes on Housing

APRIL 27, 2023

Despite a housing market slowdown but reflecting persistent long-term labor challenges, wages in construction continue to rise, often outpacing and exceeding typical earnings in other industries.

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Construction Housing Market Marketing 176

Eyes on Housing

MARCH 30, 2023

million) of workers employed in construction are self-employed. This is a whole percentage point higher than the share of self employed in construction in 2019, before the pandemic rattled the labor market. According to the 2021 American Community Survey (ACS), 23% (or close to 2.5

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Construction Marketing 146

Eyes on Housing

OCTOBER 2, 2023

NAHB analysis of Census Construction Spending data shows that private residential construction spending rose 0.6% However, total private residential construction spending is still 3.1% The total construction monthly increase is attributed to more. lower compared to a year ago.

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Construction 138

Inman

SEPTEMBER 8, 2023

Construction data and technology company Zonda has acquired yet another company, this time UTour, a system for offering self-guided home tours to enhance Livabl, a public-facing search experience for new construction homes which the company launched in April this year.

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Construction Technology 174

Eyes on Housing

AUGUST 23, 2023

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. For the second quarter of 2023, there were just 3,000 2- to 4-unit housing unit construction starts. This is down from a year prior. Read More ›

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Construction Development 122

Eyes on Housing

SEPTEMBER 12, 2022

The number of women employed in the construction industry increased to over 1.24 million in 2021, as the construction industry was quickly recovering jobs lost earlier during the pandemic induced recession. Currently, women make up 11% of the construction workforce, up from 9.3%

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Construction 200

GoForrmz

MARCH 6, 2024

Originally published on 12/03/2015 Why do thousands of construction and field service companies use GoFormz as their mobile form solution? In the ever-evolving landscape of construction and field service industries, the seamless incorporation of mobile forms has become a cornerstone for efficiency and productivity.

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Construction Inspection Design Clients 148

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.

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Construction Appraisal 195

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. Housing starts may be on the rise, but supply bottlenecks and labor scarcity are impacting the pace of home builders.

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Supply Chain Construction Appraisal 195

Eyes on Housing

SEPTEMBER 1, 2023

NAHB analysis of Census Construction Spending data shows that private residential construction spending rose 1.4% However, total private residential construction spending is still 5.5% The total construction monthly increase is. in July after an increase of 1.5% in June and 3.5% lower compared to a year ago.

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Construction 131

Eyes on Housing

JUNE 1, 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 jumped to 449,000 unfilled positions in April. This is the highest measure in the history of the data series (going back to late 2000).

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Construction Housing Market Marketing 176

Inman

SEPTEMBER 5, 2023

Unlock new opportunities in a low inventory market when you dig into the new construction segment of the residential market.

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Construction Business Inventory Marketing 183

Eyes on Housing

JUNE 7, 2023

The latest labor force statistics from the 2021 American Community Survey show that the construction industry continues to struggle to attract younger workers. of the US labor force, their share in the construction industry reached only 10.0% Meanwhile, the share of older construction workers ages 55+ increased from less.

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Construction 148

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. The post Decline in Construction Workforce Stunts Housing Inventory appeared first on Appraisal Buzz.

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Construction Inventory Appraisal 195

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. The highest measure in the history of the data series (going back to late 2000) was 416,000 in April 2019.

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Construction Housing Market Marketing 197

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. The demand for home inventory continues, despite contractors being impacted by cost increases, supply shortages, and transport bottlenecks.

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Construction Transportation Inventory Appraisal 195

Appraisal Buzz

MAY 7, 2021

Residential construction and new home sales have been making quite a few headlines lately. Keep reading to catch up on the latest stories and market data related to new home construction and sales. ” New home construction in the news New homes are selling like it’s 2006 again. This HousingWire article reports.

Construction 195

Construction Appraisal Marketing 195

Appraisal Buzz

OCTOBER 8, 2021

The post NAHB Urges Biden to Address Home Construction Bottlenecks appeared first on theMReport.com. The post NAHB Urges Biden to Address Home Construction Bottlenecks appeared first on Appraisal Buzz. economic landscape.

Construction 195

Construction Appraisal 195

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. While the residential construction has been adding jobs during the pandemic, access to skilled labor is still a business challenge in 2021.

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Construction Business 205

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).

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Construction Inventory Housing Market Marketing 177

Eyes on Housing

JUNE 5, 2023

NAHB analysis of the most recent 2021 American Community Survey (ACS) data reveals that the median age of construction workers is 42, one year older than a typical worker in the national labor force.

Construction 146

Construction Housing Market Marketing 146

Appraisal Buzz

AUGUST 13, 2021

The post Rates Recover After Bumpy Week; Realtors See Prices Moderating; Stubbornly High Construction Costs appeared first on Appraisal Buzz. Economic data inspired the move on Friday with Consumer Sentiment falling to the lowest levels since 2011 , just edging out the lows seen at the start of the pandemic.

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Realtors Construction Appraisal Mortgage 370