Latest Issue of Building Women Magazine is Available to Members
The latest edition of Building Women Magazine, available now to NAHB members, introduces 2024 Professional Women in Building (PWB) Chair Luellen Smith.
The annual magazine features Smith’s mantra of "Building the Future with PWB" where she discusses prioritizing mentorship and growth including ramping up efforts for local council support and encouraging more women to engage in mentorship. It also spotlights how Smith’s early life on a farm helped her succeed in business, her dedication to volunteering, and how she built her career as an entrepreneur.
Other stories include:
- How women entering residential construction are blazing new trails
- How lessons from a mentor have pushed three women’s careers forward
- PWB members share tech tools to help boost your business
- PWB’s 2023 major accomplishments
- How a DIY blogger created a multifaceted business
- The best new clothing for women on the jobsite
Read the magazine and learn about the benefits to having a PWB membership at nahb.org/womeninbuilding.
Are you a PWB Council member? If not, join PWB locally through an HBA near you.
If you local does not have a council, you can join as an at-large member.
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Latest Economic News
The U.S. labor market rebounded in October, with nonfarm payroll employment increasing by 165,000 jobs and the unemployment rate declining to 4.1%. However, the improvement in overall employment contrasts with continued weakness in residential construction, where employment fell by 16,400 jobs, the largest monthly decline since March 2021.
New multifamily housing confidence weakened year-over-year in the third quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 41, down five points year-over-year, while the Multifamily Occupancy Index (MOI) had a reading of 69, also down five points year-over-year.
Mortgage application activity declined in October as the 30-year fixed mortgage rate rose sharply again. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, fell 14.1% month-over-month in October on a seasonally adjusted basis. Compared to a year ago, total mortgage applications were 39.8% lower.