News & Events

Small Gain for Custom Home Building During 1Q20

By John Marion | May 20, 2020

Small Gain for Custom Home Building During 1Q20 NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building posted a small increase during the first three months of the year, supported by low interest rates and unseasonably mild weather in January and February. While housing construction starts…

Jobless Claims Reach 30 Million Over the Past Six Weeks

By John Marion | April 30, 2020

Jobless Claims Reach 30 Million Over the Past Six Weeks The U.S. Department of Labor released the Unemployment Insurance Weekly Claims Report for the week ending April 25th. As the impact of the COVID-19 pandemic continues, the number of initial claims for unemployment insurance hit 3.8 million, bringing the total jobless claims to 30.3 million over the…

Builder Confidence Declines But Remains Solid Amid Rising Risks

By John Marion | March 18, 2020

Builder Confidence Declines But Remains Solid Amid Rising Risks Builder confidence in the market for newly-built single-family homes fell two points to 72 in March, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Sentiment levels have held in a firm range in the low- to mid-70s for the past…

Custom Home Building Posts Gain for 2019

By John Marion | February 28, 2020

Custom Home Building Posts Gain for 2019 NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building expanded during the fourth quarter of 2019, supported by low mortgage interest rates. There were 44,000 total custom building starts during the fourth quarter of 2019. This marks a 16%…

Renewed Hiring in Construction

By John Marion | February 11, 2020

Renewed Hiring in Construction Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings posted a monthly increase in December due to renewed hiring in the industry following the housing soft patch of 2018 and 2019. The estimated number of job openings increased from the November total (217,000) to 239,000 in…

Builder Confidence Begins Year Strong as Single-Family Growth Continues

By John Marion | January 20, 2020

Builder Confidence Begins Year Strong as Single-Family Growth Continues Builder confidence in the market for newly-built single-family homes edged one point lower to 75 in January, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The last two monthly readings mark the highest sentiment levels since July of 1999. Low…

Share of 5,000+ Square Foot Homes Down Slightly in 2018

By John Marion | December 2, 2019

Share of 5,000+ Square Foot Homes Down Slightly in 2018 According to the Census Bureau’s Survey of Construction, the share of new homes started with 5,000 square feet or more of living space stood at 2.88 percent in 2018, down slightly from 3.08 percent in 2017. A total of 25,000 5,000+ square-foot homes were started…

Builder Confidence Holds Firm in November

By John Marion | November 20, 2019

Builder Confidence Holds Firm in November Builder confidence in the market for newly-built single-family homes edged one point lower to 70 in November, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The past two months mark the highest sentiment levels in 2019. Single-family builders are currently reporting ongoing positive…

Highest Paid Occupations in Construction in 2018

By John Marion | October 15, 2019

Highest Paid Occupations in Construction in 2018 According to the 2018 Bureau of Labor Statistics Occupational Employment Statistics (OES) Survey data and analysis by the National Association of Home Builders (NAHB), half of payroll workers in construction earn more than $47,290 and the top 25% make at least $66,290. In comparison, the U.S. median wage…

Women in Construction: Employment Reaches Pre-Recession Levels

By John Marion | September 18, 2019

Women in Construction: Employment Reaches Pre-Recession Levels The number of women employed in the construction industry grew substantially in 2018 rising to 1.1 million, a total reached prior to the Great Recession. As the construction skilled labor shortage remains a key challenge, adding new workers is an important goal of the industry. Bringing additional women…

Above are updates on the progress of our current projects and links to our radio show Raising The Roof with John Marion. We will also post about upcoming events by the Home Builders Association of Greater Springfield and other news and current events relating to Home Building and Remodeling.