As housing affordability remains a critical challenge across the country, mortgage rates continue to play a central role in shaping homebuying power. Mortgage rates…
According to the U.S. Bureau of Labor Statistics (BLS), people who are neither working nor looking for work are counted as “not in the…
Higher interest rates and tight financial lending conditions have led to a decline in loans for new home construction. The total volume of acquisition,…
Existing home sales in February increased to the second highest level since March 2024, according to the National Association of Realtors (NAR). This rebound…
In a widely anticipated move, the Federal Reserve remained on pause with respect to rate cuts at the conclusion of its March meeting, maintaining…
Sawmill and wood preservation firms reported lower capacity utilization rates coupled with level production and capacity throughout 2024. Despite no growth in production in…
Limited existing inventory helped single-family starts to post a solid gain in February, but builders are still grappling with elevated construction costs stemming from…
As the number of housing units under construction peaked in 2023, the industry set another record employing close to 11.4 million people, including self-employed…
Nonfarm payroll employment increased in 31 states in January compared to the previous month, while it decreased in 19 states and the District of…
