News & Events

  • Residential Building Worker Wage Growth Slowed

    Average hourly earnings for residential building workers* rose at a slower pace in November. After reaching the highest rate (8%) of 2021 in October, the pace of wage growth has retreated and remained below 4% for the past five consecutive months. The recent slowdown in wage growth will ease inflation pressures. According to the Bureau

  • Flat Readings for Single-Family Built-for-Rent

    Single-family built-for-rent construction leveled off during the third quarter of 2022 as the overall housing market slowed. This occurred after an exceptionally strong second quarter for rental housing production. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 16,000 single-family built-for-rent (SFBFR) starts during

  • Mortgage Activity Remains Low Due to Market Uncertainty, November 9, 2022, Read More ›

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