Construction Labor Market Cools in June

2022-08-17T09:18:14-05:00

The construction labor market is cooling off as economic activity slows in response to tighter monetary policy, according to the latest job openings data from the Bureau of Labor Statistics.

Construction Labor Market Cools in June2022-08-17T09:18:14-05:00

Housing Starts Weaken in July as Market Slowdown Continues

2022-08-16T09:20:20-05:00

A sharp decline in single-family home construction is another indicator that the housing slowdown is showing no signs of abating, as rising construction costs, elevated mortgage rates and supply chain disruptions continue to act as a drag on the market. Overall housing starts fell 9.6% to a seasonally adjusted annual rate of 1.45 million units in July, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

Housing Starts Weaken in July as Market Slowdown Continues2022-08-16T09:20:20-05:00

Builder Confidence Underwater After Falling for Eighth Consecutive Month

2022-08-15T09:17:20-05:00

Builder confidence fell for the eighth straight month in August as elevated interest rates, ongoing supply chain problems and high home prices continue to exacerbate housing affordability challenges. In another sign that a declining housing market has failed to bottom out,builder confidence in the market for newly built single-family homes fell six points in August to 49, marking the first time since May 2020 that the index fell below the key break-even measure of 50, according to the NAHB/Wells Fargo Housing Market Index (HMI) released today.

Builder Confidence Underwater After Falling for Eighth Consecutive Month2022-08-15T09:17:20-05:00

House Passes Flawed Inflation Reduction Act

2022-08-12T17:28:13-05:00

The House approved the Inflation Reduction Act, legislation opposed by NAHB because it fails to address housing affordability and ease the inflationary pressures on housing. The measure also includes new building and energy code requirements that will be detrimental to new home buyers and renters.

House Passes Flawed Inflation Reduction Act2022-08-12T17:28:13-05:00

Housing Affordability: NAHB Members Collaborating Toward Better Solutions

2022-08-12T12:14:18-05:00

To help others around the Federation get more involved in housing affordability discussions, NAHB's 2019 Chairman Greg Ugalde provides his insights on his work on a housing affordability commission in Connecticut and what members can do to become more active in their communities.

Housing Affordability: NAHB Members Collaborating Toward Better Solutions2022-08-12T12:14:18-05:00

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