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Labor + Trade Relations

Construction Job Openings Rose to Third Highest Share on Record in December

The number of unfilled construction jobs at the close of 2022 was the third highest on record, and contractors could have even more difficulty attracting skilled workers in 2023

Builders

Does Rebounding Home Builder Confidence Signal an Upcoming Economic Growth Cycle?

Despite falling demand from priced out buyers, home builders remain optimistic about the year ahead, and experts say that rising sentiment may point toward a breakout year for a recovering economy

Market Data + Trends

Home Builder Sentiment Is Rising for the First Time in Over a Year—Here’s Why

A slight drop in mortgage interest rates is motivating prospective buyers to jump back into the for-sale market, and that new activity is boosting home builder sentiment at the start of 2023

Builders

Builder Confidence Increases for First Time in 12 Months as Mortgage Rates Fall

A slight drop in mortgage rates caused builder confidence to rise in January after 12 consecutive monthly declines

Opinion

Work at What You Love

Home builders who are truly passionate about providing safe, quality, comfortable homes in their community will power through these challenging times and find satisfaction in both the effort and the results

Builders

84 Lumber Mourns Passing of Founder Joseph Hardy

84 Lumber founder Joseph Hardy passed away on Saturday, Jan. 7, at the age of 100

Labor + Trade Relations

Wage Growth Is Slowing for Residential Building Workers

After steady gains since the start of the COVID-19 pandemic, residential building worker wages are slowing in the first month of 2023

Builders

The Biggest Challenges for Contractors in the Year Ahead

High inflation, dwindling buyer demand, and lingering supply chain obstacles are just a few of the many challenges keeping contractors up at night during the first month of the new year

Builders

Home Builder Confidence Falls for 12th Consecutive Month

As rising mortgage rates lead to a sharp drop in homebuyer demand, homebuilder sentiment is falling

Building Materials

As Softwood Lumber Falls, Concrete Prices Soar to New Highs

The PPI for ready-mix concrete reached a new high in November after rising for 21 of the past 22 months

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