Housing Wire

DECEMBER 3, 2021

The construction sector added a total of 31,000 jobs in November, on par with the two prior months. Specialty contractors showed the largest gains with an increase of 13,000 jobs, while persons employed in construction of buildings, and civil and heavy engineering rose by 10,000 and 8,000 jobs, respectively. While this is a 0.4%

Construction 468

Construction Transportation Inventory Government 468

Appraisal Buzz

AUGUST 9, 2024

is expected to set new records for apartment construction. By the end of 2024, developers plan to have completed an astounding 518,108 rental units, a startling 30% more than in 2022 and 9% more than in 2023. On the other hand, some markets are seeing a slowdown in new construction starts due to the economic environment.”

Construction 397

Construction Development Business Marketing 397

Housing Wire

MARCH 8, 2023

As the housing market cooled further during the fourth quarter of 2022, homebuilders also continued to pull back on single-family construction. However, growth began to slow drastically in the second quarter of 2022 as the Federal Reserve began raising interest rates to combat inflation. in Q4 2022. in Q4 2022.

Construction 435

Construction Housing Market Marketing Buyers 435

Eyes on Housing

OCTOBER 30, 2023

The Census Bureau’s Survey of Construction (SOC) provides valuable information on the characteristics of new homes started construction, such as air conditioning and heating system installations. Air Conditioning In 2022, 97.1 percent of new single-family homes started had a central AC system, slightly higher than 96.5

Construction 171

Construction 171

Eyes on Housing

SEPTEMBER 11, 2023

The number of women employed in the construction industry increased to over 1.28 million in 2022, as the construction industry recovered all jobs lost during the pandemic. of the construction workforce, up from 9.3% Currently, women make up 10.9%

Construction 172

Construction 172

Housing Wire

NOVEMBER 4, 2021

To keep pace with current construction demand, and account for attrition, 740,000 new construction workers are needed each year for the next three years , a report by the Home Builders Institute contends. From 2022 through 2024, this total represents a need for an additional 2.2 million new hires for construction.

Construction 529

Construction Renovations Training Development 529

Eyes on Housing

MARCH 20, 2024

As we reported earlier, immigrants make one in four construction workers. The share is significantly higher (31%) among construction tradesmen. In some states, reliance on foreign-born labor is particularly evident, with immigrants comprising 40% of the construction workforce in California and Texas.

Construction 166

Construction 166

Appraisal Buzz

SEPTEMBER 27, 2024

than the second consecutive quarter in which newly constructed apartment rentals showed an annual decline, and the second-deepest decline in the previous five years. Will an Apartment Construction Boom Lead to Lower Rents? The post Asking Rents for New Builds Slip to Lowest Level Since 2022 first appeared on The MortgagePoint.

Construction 370

Construction Tenants Finance Appraisal 370

Housing Wire

NOVEMBER 29, 2023

Home construction New home construction ramped up early in the pandemic but moderated as interest rates ticked up and mortgage rates followed. The seasonally adjusted annual rates of homes permitted, started, under construction and completed all remain well above pre-pandemic levels but below the peaks reached in the last three years.

Construction 448

Construction Finance Inventory Development 448

Eyes on Housing

MAY 9, 2023

According to the latest May 2022 Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of Home Builders (NAHB), half of payroll workers in construction earn more than $54,540 and the top 25% make at least $77,030. In comparison, the U.S.

Construction 177

Construction 177

Housing Wire

APRIL 23, 2024

New home sales have been one of the brighter housing stories since the home sales crash in 2022 — as we can see in the chart below, new home sales have been able to grow since then. This is one reason why the homebuilder stocks have done so well since November of 2022.

Inventory 513

Inventory Construction Mortgage Buyers 513

Eyes on Housing

AUGUST 7, 2023

The average length of time to complete construction of a multifamily building, after obtaining authorization, was 19.8 months, according to the 2022 Survey of Construction (SOC) from the Census Bureau. The permit-to-completion time in 2022 was 2.3

Construction 147

Construction Supply Chain 147

Housing Wire

AUGUST 1, 2023

Zillow Group ‘s new-construction listings will be automatically syndicated to Redfin. The deal between the listing platforms comes as new construction listings form roughly 30% of the housing sales market. million lost in Q1 2022. New single-family home sales rose 23.8% million net loss , an improvement on the $90.8

Construction 370

Construction Advertising Real Estate Real Estate Agent 370

Eyes on Housing

APRIL 18, 2023

Bureau of Labor Statistics, the share of employed veterans working in the construction industry increased to 6.5% in 2022–the second consecutive annual increase. According to the latest Employment Situation of Veterans report released by the U.S. The share has climbed 0.6

Construction 172

Construction Business 172

Eyes on Housing

SEPTEMBER 6, 2024

labor market is slowing from its overheated state in 2021 and 2022 but remains stable. Among all sectors, construction led the August job gains, adding 34,000 jobs to payrolls. Today’s jobs report and the newly released preliminary estimate of the benchmark revision indicate that the U.S. Wages grew at.

Construction 170

Construction Marketing 170

Housing Wire

JANUARY 10, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. With more supply from new construction and existing owners relocating, new and existing home sales are expected to rise about 1% to 7 million sales, the largest number since 2006.

Housing Market 545

Housing Market Marketing Construction Inventory 545

Eyes on Housing

MARCH 9, 2023

The NAHB recently published its latest Cost of Construction Survey. of the average home sale price consisted of construction costs, essentially unchanged from the 61.1% Results show that 60.8% posted in 2019.

Construction 189

Construction 189

Housing Wire

JULY 26, 2023

An analysis of the Census Bureau ‘s Survey of Construction 2022 microdata showed that builders started building smaller, attached homes – with more stories and fewer bedrooms — than they had in previous years. Compared to pre-pandemic levels, single-family home starts in 2022 exceeded 2019’s starts by 14.3%.

Construction 369

Construction Finance Buyers Housing Market 369

Housing Wire

JUNE 3, 2022

After a month of very little change in April , the construction sector had a solid month of job growth in May, according to the U.S. Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. The post Residential construction jobs now 7.6%

Construction 482

Construction Renovations Transportation Real Estate 482

Appraisal Buzz

JUNE 12, 2024

year-over-year in May to $1,653, representing the highest level since October 2022, according to a new Redfin survey. Multifamily construction increased during the pandemic moving frenzy, lowering rent prices as building owners competed for renters. Asking Rents Hit Highest Level Since 2022 first appeared on The MortgagePoint.

Tenants 392

Tenants Development Construction Marketing 392

Housing Wire

MARCH 17, 2022

Census Bureau released their construction report for February, showing a positive trend in housing construction data with a lovely print in housing permits at 1,859,000 and housing starts at 1,769,000. So far, housing construction has done well during 2020-2022 considering the economic drama. Today, the U.S.

Construction 488

Construction Housing Market Inventory Buyers 488

Housing Wire

NOVEMBER 10, 2022

In response, multifamily construction has skyrocketed over the last year, hitting a historic high of 841,000 units under construction nationwide in June of this year, according to research from the National Multifamily Housing Council and the National Apartment Association. Department of Housing and Urban Development.

Construction 482

Construction Supply Chain Buyers Development 482

Eyes on Housing

MAY 20, 2024

million) of workers employed in construction are self-employed, according to the 2022 American Community Survey (ACS). As industry payrolls expanded in 2022, the share of self-employed inched down. Close to 23% (or over 2.5 However, the share remained higher than it was in 2019, before the pandemic rattled the labor market.

Construction 148

Construction Marketing 148

Eyes on Housing

FEBRUARY 16, 2024

Despite weakness for single-family construction in 2023, townhouse construction recorded the best quarter for starts in more than 17 years. This represents.

Construction 210

Construction Design 210

Eyes on Housing

JUNE 10, 2024

In 2022, around 1.29 million women worked in construction in the United States, accounting for 10.97% of the industry, according to the 2022 American Community Survey. of women in.

Construction 158

Construction Business 158

Appraisal Buzz

NOVEMBER 1, 2024

According to a new Redfin research, in Q3 of this year, an estimated 28% of single-family homes for sale nationwide were newly constructed, the lowest percentage in three years. at the beginning of 2022 and 30.5% Census reports that in September 2024, sales of newly constructed single-family houses increased 6.3% in Q2 of 2022.

Construction 370

Construction Inventory Real Estate Agent Agents 370

Housing Wire

FEBRUARY 13, 2024

Between July 1, 2022, and July 1, 2023, Alabama’s population grew by 34,000 people, according to estimates published by the U.S. New construction is backed up,” she said. “No matter what you want, you can find it here,” the Enterprise, Alabama-based agent said. You can find the city, the country. We’ve got beaches. Census Bureau.

Construction 434

Construction Supply Chain Inventory Agents 434

Eyes on Housing

DECEMBER 28, 2022

With the end of 2022 approaching, NAHB’s Eye on Housing is reviewing the posts that attracted the most readers over the last year. In April, Natalia Siniavskaia reported on wage data for the construction sector.

Construction 171

Construction 171

Appraisal Buzz

JUNE 19, 2024

million homes in 2022, up from 4.3 Across the country in 2022, there were roughly 8.09 The pandemic-era housing frenzy sparked a construction boom, but thus far, that boom has fallen short, Zillow says. The pandemic-era housing frenzy sparked a construction boom, but thus far, that boom has fallen short, Zillow says.

Inventory 195

Inventory Construction Mortgage Appraisal 195

Eyes on Housing

DECEMBER 1, 2023

NAHB analysis of Census Construction Spending data shows that private residential construction spending rose 1.2% Total private residential construction spending is 0.7% This was the first year-over-year increase since December 2022. The total construction monthly increase. The total construction monthly increase.

Construction 177

Construction 177

Eyes on Housing

JANUARY 31, 2024

NAHB analysis of Census data shows that private residential construction spending rose 1.4% The 2023 annual spending on private residential construction was $864.9 lower than the 2022 annual totals. The monthly increase in total construction spending is attributed to more. in December, marking three months of gains.

Construction 186

Construction 186

Eyes on Housing

SEPTEMBER 16, 2024

The average length of time to complete construction of a multifamily building after obtaining authorization was 19.9 months in 2023, according to the 2023 Survey of Construction (SOC) from the Census Bureau. months in 2022, as the ongoing skilled labor shortage. The permit-to-completion time inched up 0.1

Construction 102

Construction 102

Eyes on Housing

NOVEMBER 17, 2023

Despite weakness for single-family construction in 2023, townhouse construction recorded the best quarter for starts in 16 years. This represents an acceleration.

Construction 172

Construction Design 172

Eyes on Housing

MAY 18, 2023

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the first quarter of 2023, single-family attached starts totaled 29,000, which is 19% lower than the first quarter of 2022. Read More ›

Construction 172

Construction Design 172

Housing Wire

MAY 22, 2023

in March and have generally trended upward since the fall of 2022. Duncan noted the possibility of a recession in April 2022, which he predicted would start in the first quarter of 2023. New home sales jumped 9.6% Fannie Mae assumed that the ongoing debt ceiling impasse will be resolved in a manner that avoids a default by the U.S.

Construction 418

Construction Inventory Government Contracts 418

Housing Wire

AUGUST 16, 2024

One key data line that is flagging a path to recession is the loss of residential construction workers. A while back, HousingWire Editor in Chief Sarah Wheeler and I discussed the risk of recession due to a lack of construction labor. Let’s look at today’s residential construction report and see where we are. From the U.S.

Construction 535

Construction New Listings Inventory Finance 535

Housing Wire

SEPTEMBER 20, 2021

Limited inventory, supply chain disruptions and concerns about inflation have led economists at Fannie Mae to lower their mortgage origination forecasts for the remainder of this year and into 2022. It also downsized its 2022 mortgage origination volume forecast by $55 billion to $3.25 trillion from the $4.36 growth projection.

Supply Chain 448

Supply Chain Inventory Government New Listings 448