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Economics

Jul 24, 2025

New Home Sales Hold Steady at a Relatively Tepid Level

Sales of newly built single-family homes edged 0.6% higher in June, rising to a seasonally adjusted annual rate of 627,000, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The past two months have been the slowest sales pace since October of last year, as mortgage rates averaged above 6.8% in June.

Safety

Jul 23, 2025

Study Finds Ways to Increase Adoption of Safety Helmets in Construction

A study recently published by researchers at George Mason University and North Carolina State University found that education and exposure to Type II safety helmets could increase adoption, especially in smaller construction firms.

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Latest Economic News

Economics

Jul 24, 2025

New Home Sales Hold Steady at a Relatively Tepid Level

Challenging affordability conditions, elevated interest rates and economic uncertainty continue to act as headwinds on the housing sector as many potential buyers continue to stay on the sidelines.

Economics

Jul 23, 2025

Existing Home Sales Retreat to 9-Month Low

Existing home sales fell to 9-month low in June as home prices hit another monthly record high, according to the National Association of Realtors (NAR). Sluggish pace of sales suggest that higher mortgage rates and elevated home prices are continuing to sideline buyers, despite improved inventory conditions.

Economics

Jul 23, 2025

Builders’ Use of Artificial Intelligence

The majority of single-family home builders do not currently use Artificial Intelligence (AI) in their businesses. For the highest use, 20% of builders use AI to generate advertising/marketing materials and 11% to help analyze markets/plan projects.