Rising Construction Wages Emphasize Continued Labor Shortage Troubles
The individual hourly wages rose 21.1% from 2021 to 2024 for construction works despite the overall number of construction jobs
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Market Data
The Multifamily Reset is Taking Shape
Insights from leading operators, strategists, and consultants share what’s now and next within the multifamily and build-to-rent market. While the
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Federal Reserve Board Member Adriana Kugler Gives Speech
At the Housing Partnership Network Symposium, Federal Reserve Board Governor Kugler outlined housing supply and demand factors that impact construction
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Construction Sector Jobs Data Show Increase in June
According to the Bureau of Labor Statistics, the construction industry showed a net positive 15,000 jobs in June. While 26
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Housing Cost Burden Reaches Decade-Long Peak, Straining Homeowners
Homeownership is becoming less affordable for many Americans, especially younger buyers and older adults trying to age in place. Between
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Homebuyers Gain Purchasing Power As Rates Dip to Lowest in 3 Months
The average mortgage rate fell to 6.67% in early July, giving homebuyers a $16,000 boost in purchasing power compared to
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This Week’s Framing Lumber Prices
Softwood lumber prices held steady at $422 per 1,000 board feet on July 4, 2025, the lowest since October 2024,
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2024 Multifamily Construction: Units Completed Reaches 38-year High
Multifamily housing completions hit their highest level since 1986 in 2024, with 608,000 units finished, according to the NAHB’s analysis
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Millions of Homes Are Vacant in the U.S.
Home vacancy rates provide insight into housing demand, with high rates often signaling oversupply or reduced demand, which can impact
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Solid Job Growth in June
The U.S. labor market remained strong in June, with job growth driven mainly by state and local government and health
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US home price insights — July 2025
Home price growth has slowed significantly nationwide, with May marking the first time in over 13 years that annual gains
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Two or More Story Home Starts Rebound in 2024
In 2024, more than half of the new single-family homes built were two or more stories, reversing a slight dip
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May Private Residential Construction Spending Dips
Private residential construction spending declined for the fifth consecutive month in May, falling 0.5% due to reduced investment in single-family
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Pending Sales Fall As Home Prices Hit Another Record High
Home sellers are increasingly pulling back as the market shifts in favor of buyers, with new listings rising just 2.5%
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Elevated Rates are Challenging Affordability Conditions
High mortgage rates and economic uncertainty continued to sideline buyers in May, causing new single-family home sales to fall 13.7%
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Mortgage Rates Hold Steady Despite Modest Uptick
In June, average mortgage rates remained steady, with the 30-year fixed rate at 6.82% and the 15-year at 5.95%, both
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Skilled Labor Shortage Costing U.S. Homebuilders
A new report by the Home Builders Institute and NAHB, conducted by the University of Denver, reveals that the U.S.
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Real Estate Mortgage demand drops to the lowest since April
Despite a drop in mortgage rates to their lowest level since April, mortgage applications for home purchases fell 3% last
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Mortgage Applications Dip in May amid Refinance Slowdown
Mortgage applications dropped by 5.5% in May, mainly due to a sharp decline in refinancing activity, according to the Mortgage
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Monthly Housing Costs Hit All-Time High
The spring home buying season is unremarkable, as it is holding homebuyers due to high housing costs and overall economic
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