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The labor market continues its slow recovery amid the COVID-19 pandemic. In January, residential construction employment remined unchanged virtually (-600), after increasing for eight straight months. Currently, job gains in residential construction. MORE
The original post can be found at the following URL: TCS Marketing Systems: Bringing ‘humanity’ to pre-construction sales. TCS Marketing Systems managing partner Mark Cohen has a goal: to be influential in adding humanity to the process of pre-construction sales. MORE
Construction employment declined by 61,000 as the real estate industry yearns for more housing. Markets & Economy Select construction Coronavirus COVID-19 inventory jobs report real estate jobs unemployment MORE
Within residential construction, general contractor and other related jobs increased by 15,200—a huge relief for a market that’s being squeezed by a lack of inventory. million homes on the market in the U.S.—a The June jobs report from the U.S. MORE
During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. make corrections to the misguided lending standards) to have a stable, growing housing market once again — and this took time. MORE
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. MORE
Like you, many buyers want to capitalize on these market conditions, and it’s leading to more buyer competition and bidding wars. Early indicators show new-home construction is beginning to ramp up. Thus, housing construction is trending upward with housing starts likely to reach 1.6 MORE
The gains were so great that some housing industry economists believe construction job gains could relieve housing market supply constraints. job market was 9.5 In today’s housing market, lenders need to make sure they’re staying competitive. Hiring in the U.S. MORE
HousingWire spoke to housing market economists and mortgage industry veterans to get their take on how they believe the jobs report will impact the mortgage and housing industries. The post What a dismal jobs report means for the housing market appeared first on HousingWire. MORE
The construction labor market experienced a reduced level of turnover in the September BLS JOLTS (Job Openings and Labor Turnover) data. The construction sector hiring rate slowed somewhat in September, coming in at 5.3%, after 5.5% MORE
The shock and fallout to the construction labor market from the recession of 2020 continued in early Fall as housing activity strengthened due to low interest rates. Read More › The post Construction Labor Market Adjustment Continues first appeared on Eye On Housing. MORE
The problem area is in the construction labor force, where jobs increased by 11,000 in July, but the question remains: Is it enough to fill the growing inventory void that’s driving up real estate competition and home values across the nation? The U.S. MORE
Since Q1, the market share for single-family construction in urban core areas fell from 18% to 17.2%, the report said. However, small metro core and suburban single-family market share increased from 37.7% Apartment construction increased in second-home markets by 11.1%. MORE
Markets & Economy Select bureau of labor statistics drywall home builders home construction home prices lumber lumber prices national association of home builders 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). The housing market remains hot and requires additional labor, lots and lumber and building materials to add inventory. MORE
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction declined during a challenging second quarter. The sector was also relatively weaker than the overall building market. MORE
Multifamily construction shifted into less dense markets during the third quarter of 2020, per the latest NAHB Homebuilding Geography Index (HBGI). Read More › The post Multifamily Construction Shifts to Lower Density Markets in 3Q20 first appeared on Eye On Housing. MORE
The labor market is improving as many states ease business restrictions and more people are vaccinated. Residential construction employment increased by 37,000 in March, while non-residential construction added 73,100 jobs. 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
1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. The demand is clear — the Boise housing market has just 0.3 Especially if a home has acreage, it will “fly off the market.”. MORE
Despite a historically low level of overall housing inventory and solid demand due to low mortgage interest rates and demographics, new construction has been unable to add additional needed supply to the market, resulting. MORE
Residential construction spending continued to grow in April, rising 1.3 Data Industry News Markets & Economy construction daniel houston lumber new build new construction new construction spending 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
Analysis Markets & Economy News Brief doug duncan fannie mae Holden Lewis home construction inventory NerdWallet new construction U.S. Residential housing starts rose 19.4 MORE
The Q2 2020 NAHB Home Building Geography Index (HBGI) reveals a notable multifamily construction shift to the suburbs/exurbs. This is similar to HBGI findings reported for single-family construction. 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
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% during the second quarter, even as the market cooled off strong. MORE
The count of open construction jobs increased in April to 357,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). The housing market remains hot and requires additional labor, lots and lumber and building materials to add inventory. MORE
The first quarter 2021 Home Building Geography Index (HBGI) showed that single-family home building continued to shift to low-density and low-cost markets, a trend stemming largely from the COVID-19 pandemic and first reported in the second quarter of 2020. MORE
If you’ve spent any time watching the real estate market this year or working in the field, you know we’re navigating one of the hottest seller’s markets on the books, and new construction has been an ongoing challenge. Falling Lumber Costs Could Level Out the Market. MORE
In the July labor market data, job openings for the overall economy increased to 10.9 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. MORE
Confidence in the market for new multifamily housing increased in the first quarter of 2021, according to results from the Multifamily Market Survey (MMS) recently released by the National Association of Home Builders (NAHB). MORE
Confidence in the market for new multifamily housing decreased in the second quarter, according to results from the Multifamily Market Survey (MMS) released y the National Association of Home Builders (NAHB). MORE
According to the most recent American Community Survey (ACS), the number of immigrant workers in construction approached 2.8 Immigrant workers now account for 24% of the construction workforce, slightly below the 2016 record high share of 24.4%. MORE
Markets & Economy Select first american housing construction housing starts John Pataky Odeta Kushi permits TIAAHousing starts plummeted in February as interest rates and lumber costs soared. MORE
The number of single-family built-for-rent (SFBFR) construction starts is expanding as demand for single-family structures, both for-sale and for-rent, remains strong. Single-family built-for-rent construction differs with respect. MORE
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
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.
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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% during the second quarter, even as the market cooled off strong.
Keeping Current Matters
JULY 5, 2021
Like you, many buyers want to capitalize on these market conditions, and it’s leading to more buyer competition and bidding wars. Early indicators show new-home construction is beginning to ramp up. Thus, housing construction is trending upward with housing starts likely to reach 1.6
Eyes on Housing
SEPTEMBER 8, 2021
In the July labor market data, job openings for the overall economy increased to 10.9 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.
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. However, small metro core and suburban single-family market share increased from 37.7% Apartment construction increased in second-home markets by 11.1%.
Eyes on Housing
JUNE 9, 2021
The first quarter 2021 Home Building Geography Index (HBGI) showed that single-family home building continued to shift to low-density and low-cost markets, a trend stemming largely from the COVID-19 pandemic and first reported in the second quarter of 2020.
Housing Wire
JULY 2, 2021
The gains were so great that some housing industry economists believe construction job gains could relieve housing market supply constraints. job market was 9.5 In today’s housing market, lenders need to make sure they’re staying competitive. Hiring in the U.S.
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.
RIS Media
AUGUST 6, 2021
The problem area is in the construction labor force, where jobs increased by 11,000 in July, but the question remains: Is it enough to fill the growing inventory void that’s driving up real estate competition and home values across the nation? The U.S.
REM Online
SEPTEMBER 16, 2021
The original post can be found at the following URL: TCS Marketing Systems: Bringing ‘humanity’ to pre-construction sales. TCS Marketing Systems managing partner Mark Cohen has a goal: to be influential in adding humanity to the process of pre-construction sales.
RIS Media
AUGUST 2, 2021
If you’ve spent any time watching the real estate market this year or working in the field, you know we’re navigating one of the hottest seller’s markets on the books, and new construction has been an ongoing challenge. Falling Lumber Costs Could Level Out the Market.
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). The housing market remains hot and requires additional labor, lots and lumber and building materials to add inventory.
Inman
JUNE 1, 2021
Residential construction spending continued to grow in April, rising 1.3 Data Industry News Markets & Economy construction daniel houston lumber new build new construction new construction spending
Eyes on Housing
AUGUST 19, 2021
Confidence in the market for new multifamily housing decreased in the second quarter, according to results from the Multifamily Market Survey (MMS) released y the National Association of Home Builders (NAHB).
RIS Media
MAY 21, 2021
Confidence in the market for new multifamily housing increased in the first quarter of 2021, according to results from the Multifamily Market Survey (MMS) recently released by the National Association of Home Builders (NAHB).
Eye on Housing
SEPTEMBER 14, 2020
The Q2 2020 NAHB Home Building Geography Index (HBGI) reveals a notable multifamily construction shift to the suburbs/exurbs. This is similar to HBGI findings reported for single-family construction.
McKissock
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.
Housing Wire
JUNE 7, 2021
During the previous economic expansion from 2008 to 2019, the housing market was subject to the constant refrain of build more homes. make corrections to the misguided lending standards) to have a stable, growing housing market once again — and this took time.
Inman
MARCH 17, 2021
Markets & Economy Select first american housing construction housing starts John Pataky Odeta Kushi permits TIAAHousing starts plummeted in February as interest rates and lumber costs soared.
Housing Wire
DECEMBER 3, 2020
1 midsized housing market to watch in 2020 , according to Zillow, because of its draw for young professionals, families, and retirees alike. The demand is clear — the Boise housing market has just 0.3 Especially if a home has acreage, it will “fly off the market.”.
Eye on Housing
NOVEMBER 10, 2020
The construction labor market experienced a reduced level of turnover in the September BLS JOLTS (Job Openings and Labor Turnover) data. The construction sector hiring rate slowed somewhat in September, coming in at 5.3%, after 5.5%
Inman
APRIL 16, 2021
Analysis Markets & Economy News Brief doug duncan fannie mae Holden Lewis home construction inventory NerdWallet new construction U.S. Residential housing starts rose 19.4
Eye on Housing
DECEMBER 10, 2020
Multifamily construction shifted into less dense markets during the third quarter of 2020, per the latest NAHB Homebuilding Geography Index (HBGI). Read More › The post Multifamily Construction Shifts to Lower Density Markets in 3Q20 first appeared on Eye On Housing.
Eyes on Housing
JUNE 8, 2021
The count of open construction jobs increased in April to 357,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). The housing market remains hot and requires additional labor, lots and lumber and building materials to add inventory.
Eye on Housing
OCTOBER 6, 2020
The shock and fallout to the construction labor market from the recession of 2020 continued in early Fall as housing activity strengthened due to low interest rates. Read More › The post Construction Labor Market Adjustment Continues first appeared on Eye On Housing.
Eye on Housing
AUGUST 20, 2020
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction declined during a challenging second quarter. The sector was also relatively weaker than the overall building market.
Eyes on Housing
AUGUST 18, 2021
The number of single-family built-for-rent (SFBFR) construction starts is expanding as demand for single-family structures, both for-sale and for-rent, remains strong. Single-family built-for-rent construction differs with respect.
Eye on Housing
FEBRUARY 5, 2021
The labor market continues its slow recovery amid the COVID-19 pandemic. In January, residential construction employment remined unchanged virtually (-600), after increasing for eight straight months. Currently, job gains in residential construction.
RIS Media
JULY 8, 2021
Within residential construction, general contractor and other related jobs increased by 15,200—a huge relief for a market that’s being squeezed by a lack of inventory. million homes on the market in the U.S.—a The June jobs report from the U.S.
Inman
SEPTEMBER 14, 2021
Markets & Economy Select bureau of labor statistics drywall home builders home construction home prices lumber lumber prices national association of home builders
Eye on Housing
MARCH 8, 2021
According to the most recent American Community Survey (ACS), the number of immigrant workers in construction approached 2.8 Immigrant workers now account for 24% of the construction workforce, slightly below the 2016 record high share of 24.4%.
Inman
MARCH 5, 2021
Construction employment declined by 61,000 as the real estate industry yearns for more housing. Markets & Economy Select construction Coronavirus COVID-19 inventory jobs report real estate jobs unemployment
Eyes on Housing
MAY 26, 2021
Despite a historically low level of overall housing inventory and solid demand due to low mortgage interest rates and demographics, new construction has been unable to add additional needed supply to the market, resulting.
Eye on Housing
APRIL 2, 2021
The labor market is improving as many states ease business restrictions and more people are vaccinated. Residential construction employment increased by 37,000 in March, while non-residential construction added 73,100 jobs.
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