Over the first seven months of 2019, the total number of single-family permits issued year-to-date (YTD) nationwide reached 496,726. On a year-over-year (YoY) basis, this is a 4.7% decline over the July 2018 level of 521,438. Year-to-date ending in July, single-family permits reported declines in all four regions. The Midwest, Northeast, South, and
The second quarter of 2019’s recent permit data shed new light on NAHB’s Home Building Geography Index (HBGI), not only in manufacturing, which is its newest cut, but also in its first vein of analysis, a population density-based delineation of all the counties in the U.S., known as regions. New permits for multifamily
In August, headline inflation rose slower relative to July, while core inflation remained unchanged. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.1% on a seasonally adjusted basis in August, slower than the 0.3% increase in July. Excluding the volatile food and energy components, the “core”
Data from the BLS Job Openings and Labor Turnover Survey (JOLTS) indicate that construction job openings increased in July, after a declines off a cycle high count for April. The estimated number of job openings in the construction sector increased to 373,000 in July after reaching a post-Great Recession high of 434,000 in April.