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Market Data + Trends

Home Builder Sentiment Drops to Lowest Level Since 2020

Home builder sentiment dropped to its lowest level since July 2020 amid continued labor and building material challenges. The National Association…

Construction

Single-Family, Multifamily Permits Continue to Increase

Single-family and multifamily permits are up in all four regions with the Northeast leading for both sectors. The total number of single-family…

Off-Site Construction

Builders' Changing Views of Off-Site Construction Technologies

Many home builders searching for solutions to address ongoing industry challenges see off-site construction technologies as an answer, according…

Building Materials

Lumber Executive Says Lower Prices Have Rekindled Building Interest

Kyle Little, COO of New York-based lumber distributor Sherwood Lumber, says current lumber prices have welcomed more construction projects,…

Innovation

Can You 'Amazonify' Home Building?

Modular construction company Veev says it builds four times faster than the industry standard. On…

Labor + Trade Relations

What’s the Average Pay for a Construction Industry Worker?

The construction industry offers competitive wages compared to U.S. median wages, according to the National Association of Home Builders’ analysis…

Construction

Builders Turn Away Business Amid Supply, Labor Constraints

For the first time in their company’s history, some home builders are unable to sell homes, turning away buyers. Labor shortages, record high…

Labor + Trade Relations

Industry's Skilled Labor Shortage Worse Than Pre-Pandemic

There were 50% more construction job openings between May and June 2021 than before the pandemic, with most positions remaining open for an…

Construction

Comparing New Age-Restricted Homes to New Single-Family Homes

There were 28,000 single-family homes built in age-restricted communities last year, rebounding strong from 2018’s decline. On the multifamily…

Labor + Trade Relations

More Young Workers Enter Construction Industry, Changing Median Worker Age

More needs to be done for recruiting new workers into the construction trades, says the National Association of Home Builders, but recent data…

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