Total nonfarm payroll employment increased by 224,000 in June, while the unemployment rate edged up to 3.7%. Residential construction employment increased by 6,000 in June, after an increase of 3,800 jobs in May. The total construction industry (both residential and nonresidential) employment reached to 7.5 million, by adding 21,000 jobs in June. According
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After three consecutive months of gains, consumer confidence fell to its lowest level since September 2017. The Consumer Confidence Index, reported by the Conference Board, fell by 7.5% from 131.3 in May to 121.5 in June, as households are less optimistic about short-term economy and labor market amid trade tensions with China and
Although produced by NAHB’s Economists, Eye on Housing is intended for a fairly broad readership with an interest in housing, but not necessarily in the academic research published by technical journals. Nevertheless, many EoH readers will want to know about a relatively recent technical paper published in Housing Policy Debate. The paper is
According to the U.S. Department of Energy – Energy Information Administration (EIA), the average monthly residential electricity bill in the U.S. stood at $111.67 in 2017. Electricity is one of the biggest household expenses, as it accounted for 55 percent of total utility costs and 9 percent of total housing costs in 2017,