National Association of Home Builders

Single-family permit data shows that the market share for construction in second home areas has grown by over four percentage points in the past nine years.

As the Fed eases monetary policy, the demand for new construction will expand. Thus, a reversal for the current soft readings for construction labor will occur in the quarters ahead.

Elevated mortgage interest rates have cooled the housing market, dampening home builder confidence and new home starts. Despite these challenges, spending on single-family construction was still 4% higher than it was a year earlier.

During September, IBS registrants can take advantage of several steep discounts with all registration options providing access to the exhibits of both shows.

All markets for single-family construction saw higher growth in the second quarter compared to the first quarter.

The pace of multifamily units being completed has picked up, as many units under construction over the past year are reaching the market.

The recent modest square foot price changes marked a sharp decline from the double-digit price hikes that characterized home building in the post-pandemic environment.

Looking at results on a map reveals that Florida, South Carolina, Virginia, and southern California have multiple highly concentrated markets.

This extended duration is largely attributable to a more stringent regulatory environment, ongoing supply-chain challenges and a shortage of skilled labor.

A growing count of engineering/tech workers would, on its face, suggest a boost to productivity. However, a decline for the share of workers associated with the trades could suggest declining productivity.