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Homebuilder sentiment has third consecutive monthly gain

Builder sentiment increased two points to 44 in March, which is the highest reading since September 2022.

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Construction starts rose in February as manufacturing soared

Construction starts climbed 6% in February after falling 27% in January.

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Housing starts rose in February

Housing starts climbed 9.8% in February to a seasonally adjusted annual rate of 1.45 million units.

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Construction jobs were added in 42 states in January

Forty-two states added construction jobs in January as demand for commercial construction projects remains strong.

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Construction material prices rose in February

Construction material prices increased 0.4% in February and are up 2.6% on a year-over-year basis.

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Construction job openings plunged in January

The construction industry registered 248,000 job openings in January, which is down 240,000 from December 2022 and 148,000 from January 2022.

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Contractor confidence rose in February

The Associated Builders and Contractors’ Construction Confidence Index readings increased for the month.

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Construction employment added jobs in February

Construction employment added 24,000 jobs on net in February, and the industry has expanded by 249,000 jobs on a year-over-year basis.

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Construction spending rose slightly in January

Nonresidential construction spending increased 0.3% from December 2022 to January.

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Construction starts fell in January

Construction starts dropped 27% in January after rising 27% in December 2022. 

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Construction material prices rose in January

Construction material prices increased 1.3% in January and are up 4.9% on a year-over-year basis.

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Housing starts fell in January

Housing starts dropped 4.5% in January to a seasonally adjusted annual rate of 1.309 million units, and single-family home starts fell 4.3%.

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Homebuilder sentiment has largest monthly gain in nearly a decade

Builder sentiment increased seven points to 42 in February, which is the highest reading since September 2022.

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Contractor confidence rose in January

The Associated Builders and Contractors’ Construction Confidence Index readings increased for the month.

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Results are in from the latest market index survey for reroofing

The Quarterly Market Index Survey for Reroofing takes the pulse of the reroofing industry and serves as a regular barometer of the industry’s business conditions. 

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Construction spending fell in December 2022

Nonresidential construction spending decreased 0.5% from November 2022 to December 2022 and is up 13.8% compared with December 2021.

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Construction employment added jobs in January

Construction employment added 25,000 jobs on net in January, and the industry has expanded by 294,000 jobs on a year-over-year basis.

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Construction job openings climbed in December 2022

The construction industry registered 413,000 job openings in December 2022, which is up 82,000 from November 2022 and 54,000 from December 2021.

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U.S. economy grew by 2.1% in 2022

The U.S. economy grew by 2.1% in 2022 and by 2.9% in the fourth quarter of 2022 amid recession fears.

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Construction jobs were added in 30 states in December 2022

Thirty states added construction jobs in December 2022 as demand for many types of commercial construction projects remains strong.

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Construction starts rose in December 2022

Construction starts jumped 27% in December 2022 after falling in November 2022 as manufacturing and infrastructure projects drove gains. 

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Housing starts fell in December 2022

Housing starts dropped 1.4% in December 2022 to a seasonally adjusted annual rate of 1.382 million units, and single-family home starts rose 11.3%.

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Construction material prices fell in December 2022

Construction material prices decreased 2.7% in December 2022 and are up 7.9% on a year-over-year basis; nonresidential construction material prices fell 2.7% in December 2022.

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Homebuilder sentiment rises as mortgage rates fall

Builder sentiment increased four points to 35 in January, rising for the first time in 12 straight months; anything below 50 is considered negative.

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Contractor confidence rose in December 2022 as backlog was unchanged

The Associated Builders and Contractors’ Construction Confidence Index readings for sales expectations and profit margin expectations increased in December 2022.

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