Articles Tagged with ''market reports''

New home sales jumped 10.9% in April to 743,000 units despite high interest rates and construction costs. Home builders call it an anomaly, with 61% now offering sales incentives. Year-to-date sales still down 1.2% as industry faces ongoing economic uncertainty.

The typical home purchased in America reached a record median age of 36 years in 2024, nine years older than in 2012, according to Redfin. A construction shortage since 2008's financial crisis forces buyers into older properties, with Buffalo homes averaging 69 years old versus just six years in Provo.

The Tile Council of North America report shows total consumption reached 2.70 billion square feet, marking the second consecutive year of market contraction as imports maintain a dominant 71.5% market share.

The Association of General Contractors (AGC) in partnership with Sage released “The 2025 Construction Hiring and Business Outlook,” reporting the expectations of commercial construction firms for 2025. Contractors are overall optimistic, but labor challenges, materials costs and the incoming administration’s policies pertaining to immigration and trade are listed as top concerns.

Construction employment increased in 234, or 65 percent, of 358 metro areas between November 2023 and November 2024; firms continue to boost pay rates as many of them struggle to find enough qualified workers to hire.

Pending home sales gained 2.2% in November – the fourth consecutive month of increases and the highest level since February 2023 – according to the National Association of Realtors.

Construction spending rose 0.4% in October driven by residential gains, while many federal projects remain stalled due to regulatory reviews, according to a new Associated General Contractors of America analysis.

Residential construction is increasingly moving to suburban and outlying areas due to rising building costs, land scarcity, and worker shortages, according to a new NAHB report.

The Dodge Construction Network reports that nonresidential building projects decreased 4.2% in September.

Vince Lowe, senior VP and general manager home specialty and flooring with Synchrony, talks through the high points on“The Future of Retail” report, reveals more about consumer shopping trends, how technology is shaping the shopping experience and where technology is heading in the next six years.