Expert insights. Personalized for you.
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
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. Inspection during construction. Related Reading: 6 Tips for Appraising New Construction Homes. 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
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
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
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction in the third quarter of 2021 continued to show year-over-year construction increases. MORE
The number of women employed in the construction industry grew slightly in 2020, rising to around 1.17 million, while the construction industry lost 587,000 jobs in 2020 when the pandemic hit the economy. As the construction skilled labor shortage remains. MORE
A reversal is taking place in the construction pipeline. Since early 2013, there have been consistently more multifamily units (residences within 2+ unit properties) under construction relative to single-family homes. MORE
The 2020 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 7.8 months to finish the 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
Early indicators show new-home construction is beginning to ramp up. Evangelou refers to the volume of new homes where construction began during a set period, known in the industry as housing starts. Thus, housing construction is trending upward with housing starts likely to reach 1.6 MORE
With so few homes for sale and construction of newly built homes ramping up , you may be wondering if you should consider new construction in your search process. New Construction . Another solid benefit to new construction is customization. MORE
Residential construction loan volume reached a post-Great Recession high during the third quarter, as home building activity continued to expand in 2021. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions increased by 6% during the third quarter. MORE
In the third quarter of 2021, effective interest rates increased on all four categories of loans tracked in NAHB’s Survey on Acquisition, Development & Construction (AD&C). 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
What had been a challenge in certain sectors, like construction, continues as a broad labor access issue as businesses seek workers as the economy expands. The count of open construction jobs was stable at 344,000 unfilled positions, according to data from. MORE
The count of open construction jobs declined in May to 299,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). Overall, hiring in the construction sector remained strong in May, ticking down to a 4.2% MORE
Anyone looking for a career change that doesn’t have the advantage of a college degree could do a whole lot worse than retraining as a construction worker. million new hires for construction,” he added. Brady said the construction worker shortage has now reached a “crisis level”. 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
Housing production declined in April due to rising prices and limited availability of lumber and other building materials. Overall housing starts decreased 9.5% to a seasonally adjusted annual rate of 1.57 million units, according to data from the U.S. MORE
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
For the third quarter of 2020, NAHB’s Home Building Geography Index (HBGI) found construction gains for traditional second home markets. Read More › The post Second Home Markets Show Construction Growth first appeared on Eye On Housing. 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
Data from the Commerce Department shows that builders boosted construction activity as best they can in 2021 to meet buyer’s insatiable demand for new homes. month-to-month decrease in single-family construction. 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
The construction labor market remains tight, as the levels of quits rise. The count of open construction jobs declined to 345,000 unfilled positions in November, after recording the highest measure in the history of the data series (going back to late 2000), 445,000 in October. MORE
In December, David Logan reported on data examining inflationary impacts on construction material costs. The prices of goods used in residential construction ex-energy climbed 1.8% MORE
The prices of goods used in residential construction ex-energy climbed 1.8% Read More › Economics Housing Data Building Materials building materials prices construction costs Gypsum inflation lumber paint ppi producer price index softwood lumber steel MORE
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
First, let’s look at the benefits of purchasing a newly constructed home. Buying a new construction vs. existing home typically means you’ll have fewer repairs to do. New Construction May Be an Option. For Buyers Move-Up Buyers New Construction 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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
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%
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%
Speaker: Felipe Engineer-Manriquez, Christopher Gagliardi, George Hedley, and Jason Nichols
Join our esteemed panelists for their discussion on the importance of progress tracking which ultimately touches upon every digital aspect within the construction cycle. Our thought-leaders' years of experience on the job sites can help you build a better future at your company.
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).
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.
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
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
Realty Biz
NOVEMBER 8, 2021
Anyone looking for a career change that doesn’t have the advantage of a college degree could do a whole lot worse than retraining as a construction worker. million new hires for construction,” he added. Brady said the construction worker shortage has now reached a “crisis level”.
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
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
Keeping Current Matters
JULY 5, 2021
Early indicators show new-home construction is beginning to ramp up. Evangelou refers to the volume of new homes where construction began during a set period, known in the industry as housing starts. Thus, housing construction is trending upward with housing starts likely to reach 1.6
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%
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.
McKissock
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. Inspection during construction. Related Reading: 6 Tips for Appraising New Construction Homes.
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
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
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
Keeping Current Matters
DECEMBER 8, 2021
First, let’s look at the benefits of purchasing a newly constructed home. Buying a new construction vs. existing home typically means you’ll have fewer repairs to do. New Construction May Be an Option. For Buyers Move-Up Buyers New Construction
Keeping Current Matters
AUGUST 26, 2020
With so few homes for sale and construction of newly built homes ramping up , you may be wondering if you should consider new construction in your search process. New Construction . Another solid benefit to new construction is customization.
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%
Realty Biz
JANUARY 21, 2022
Data from the Commerce Department shows that builders boosted construction activity as best they can in 2021 to meet buyer’s insatiable demand for new homes. month-to-month decrease in single-family construction.
Eyes on Housing
NOVEMBER 19, 2021
In the third quarter of 2021, effective interest rates increased on all four categories of loans tracked in NAHB’s Survey on Acquisition, Development & Construction (AD&C).
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
OCTOBER 12, 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 expands. The count of open construction jobs was stable at 344,000 unfilled positions, according to data from.
Eyes on Housing
DECEMBER 15, 2021
The prices of goods used in residential construction ex-energy climbed 1.8% Read More › Economics Housing Data Building Materials building materials prices construction costs Gypsum inflation lumber paint ppi producer price index softwood lumber steel
Eyes on Housing
NOVEMBER 18, 2021
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction in the third quarter of 2021 continued to show year-over-year construction increases.
Eyes on Housing
JANUARY 4, 2022
The construction labor market remains tight, as the levels of quits rise. The count of open construction jobs declined to 345,000 unfilled positions in November, after recording the highest measure in the history of the data series (going back to late 2000), 445,000 in October.
Eyes on Housing
JULY 7, 2021
The count of open construction jobs declined in May to 299,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). Overall, hiring in the construction sector remained strong in May, ticking down to a 4.2%
Eyes on Housing
SEPTEMBER 22, 2021
A reversal is taking place in the construction pipeline. Since early 2013, there have been consistently more multifamily units (residences within 2+ unit properties) under construction relative to single-family homes.
Eyes on Housing
DECEMBER 31, 2021
In December, David Logan reported on data examining inflationary impacts on construction material costs. The prices of goods used in residential construction ex-energy climbed 1.8%
Eyes on Housing
NOVEMBER 30, 2021
Residential construction loan volume reached a post-Great Recession high during the third quarter, as home building activity continued to expand in 2021. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions increased by 6% during the third quarter.
Eyes on Housing
JUNE 25, 2021
The 2020 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 7.8 months to finish the construction.
Eyes on Housing
MAY 18, 2021
Housing production declined in April due to rising prices and limited availability of lumber and other building materials. Overall housing starts decreased 9.5% to a seasonally adjusted annual rate of 1.57 million units, according to data from the U.S.
Eyes on Housing
SEPTEMBER 13, 2021
The number of women employed in the construction industry grew slightly in 2020, rising to around 1.17 million, while the construction industry lost 587,000 jobs in 2020 when the pandemic hit the economy. As the construction skilled labor shortage remains.
Eye on Housing
DECEMBER 18, 2020
For the third quarter of 2020, NAHB’s Home Building Geography Index (HBGI) found construction gains for traditional second home markets. Read More › The post Second Home Markets Show Construction Growth first appeared on Eye On Housing.
140 
Let's personalize your content