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Economics

Oct 16, 2025

Amid Market Challenges, Builder Expectations Rise in October

Builder confidence in the market for newly built single-family homes was 37 in October, up five points from September and the highest reading since April, according to the NAHB/Wells Fargo Housing Market Index (HMI) released today.

Land Development | Housing Affordability

Oct 15, 2025

3 Hurdles to Building Accessory Dwelling Units

Whether they’re called granny flats, backyard bungalows, or guest cottages, accessory dwelling units (ADUs) are a growing trend in the residential sector and aim to help ease the nation’s housing shortage and affordability issues.

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Latest Economic News

Economics

Oct 14, 2025

Custom Home Building Share Declines in 2024

In 2024, 17.5% of all new single-family homes started were custom homes. This share decreased from 18.8% in 2023 and from 20.4% in 2022, according to data tabulated from the Census Bureau’s Survey of Construction (SOC).

Economics

Oct 13, 2025

Hispanics Comprise Nearly One-Third of the Construction Labor Force

Diversifying the construction labor force remains a key priority amid persistent skilled labor shortages. According to the 2023 American Community Survey, non-Hispanic White workers still account for the majority of the construction industry at 57%. Hispanic workers now represent nearly one-third of the labor force at 32%, followed by non-Hispanic Black workers at 5% and non-Hispanic Asian workers at 1.8%.

Economics

Oct 10, 2025

Vinyl Surpasses Stucco as Most Used Principal Exterior Wall Material

In 2024, vinyl siding was the most used principal exterior wall material for homes started. It holds just over a quarter share of homes, slightly surpassing stucco for the first time since 2018.