FinCEN Says Companies Do Not Have to File Beneficial Ownership Reports – For Now

Economics Data Center Boom Helps Offset Softer Construction Hiring

Construction job openings declined in August. However, strength in certain subsectors like data center construction (up 46% year over year) is creating demand for construction workers.

Economics Reminder: Tell Us How Rising Costs Are Impacting Overall Construction Costs for Single-Family Homes

NAHB’s Economics team is measuring how elevated costs across the residential construction industry impact the cost to build single-family homes. And we need your help.

Economics PCE Inflation Remains Elevated

The Federal Reserve’s preferred inflation gauge remained elevated in August, complicating the Fed’s path to its 2% target. Core PCE held at 3.0% year-over-year for the third consecutive month. Though the reading came in lower than expected, it’s not necessarily a sign of disinflation.

Economics Consumer Confidence Fell in September

Consumer confidence in September plunged to the lowest level since April 2014 as consumers grew more pessimistic about current conditions and the economic outlook.

Economics August Construction Job Openings

The number of open positions in the construction sector fell back in August per the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open jobs is down from three years ago due to declines in construction activity, particularly in housing.