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Homebuilder sentiment drops to lowest level in 10 years

Builder sentiment decreased five points to 33 in November, hitting its lowest level since June 2012; anything below 50 is considered negative.

November 22, 2022

Housing starts fell in October as mortgage rates climbed

Housing starts dropped 4.2% in October to a seasonally adjusted annual rate of 1.425 million units, and single-family home starts fell to the lowest level in more than two years.

November 22, 2022

Construction material prices rose slightly in October

Construction material prices increased 0.3% in October and are up 14.6% on a year-over-year basis; nonresidential construction material prices rose 0.2% in October.

November 17, 2022

Contractor confidence weakened in October

The Associated Builders and Contractors’ Construction Confidence Index readings for staffing levels and profit margin expectations decreased in October.

November 16, 2022

Supply chain outlook points to more material shortages and price increases

Industry analysts and contractors say the construction industry will continue to experience rising material prices during the next couple of years.

November 16, 2022

Construction employment added jobs in October

Construction employment added 1,000 jobs on net in October, and the industry has expanded by 266,000 jobs on a year-over-year basis.

November 8, 2022

Construction job openings rose in September

The construction industry registered 422,000 job openings in September, which is up 36,000 from August and 74,000 from September 2021.

November 3, 2022

Construction spending rose slightly in September

Nonresidential construction spending increased 0.5% from August to September and is up 9.2% compared with September 2021.

November 2, 2022

U.S. economy grew at a 2.6% pace during the third quarter of 2022

The U.S. economy grew at an annual rate of 2.6% during the July-September quarter, which was better than expected.

November 1, 2022

Construction jobs were added in 32 states in September amid labor shortages

Thirty-two states added construction jobs in September even as many companies report they are struggling to hire workers.

October 25, 2022

Construction starts fell in September

Construction starts fell 19% in September after robust activity during previous months; nonbuilding construction dropped 25%.

October 25, 2022

Housing starts fell more than expected in September

Housing starts dropped 8.1% in September to a seasonally adjusted annual rate of 1.439 million units, and single-family home starts fell to the lowest level in more than two years.

October 20, 2022

Homebuilder sentiment continues to fall in October

Builder sentiment decreased eight points to 38 in October, which is half of what it was six months ago; anything below 50 is considered negative.

October 19, 2022

Construction material prices fell slightly in September

Construction material prices decreased 0.1% in September but are up 16.3% on a year-over-year basis; nonresidential construction material prices also fell 0.1% in September.

October 13, 2022

Contractor confidence rose in September

The Associated Builders and Contractors’ Construction Confidence Index readings for staffing levels and profit margin expectations increased in September.

October 12, 2022

Construction employment adds jobs in September

Construction employment added 19,000 jobs on net in September, and the industry has expanded by 292,000 jobs on a year-over-year basis.

October 11, 2022

Construction job openings rose in August

The construction industry registered 407,000 job openings in August, which is up 54,000 from July and 45,000 from August 2021.

October 5, 2022

Construction spending fell in August

Nonresidential construction spending decreased 0.4% from July to August and is up 4.7% compared with August 2021.

October 4, 2022

Lumber prices fall to lowest level in more than two years

Lumber futures ended Sept. 26 at $410.80 per thousand board feet, which is down about 33% from a year ago and more than 70% from their peak in March.

September 29, 2022

How can the construction industry cope with rising inflation?

Recent research shows 96% of construction CEOs are experiencing increased vendor prices because of inflation.

September 28, 2022

Construction starts fell in August

Construction starts fell 9% in August after a large increase in July; nonbuilding construction dropped 36%.

September 27, 2022

Housing starts surged in August, boosted by multifamily projects

Housing starts rose 12.2% in August to a seasonally adjusted annual rate of 1.575 million units, and multifamily housing soared 28.6% to the highest level since April 1986.

September 21, 2022

Homebuilder sentiment remained negative in September

Builder sentiment decreased three points to 46 in September; anything below 50 is considered negative for the National Association of Home Builders’ monthly survey.

September 20, 2022

Construction jobs were added in 31 states in August amid labor shortages

Thirty-one states added construction jobs in August even as many companies report they are struggling to hire workers.