Category: BuilderBytes News
Top Stories from BuilderBytes.com
Flat Job Openings for Construction
In May, the number of open construction jobs remained steady at around 245,000, down significantly from 375,000 a year ago…
May Private Residential Construction Spending Dips
Private residential construction spending declined for the fifth consecutive month in May, falling 0.5% due to reduced investment in single-family…
Can Housing Stay Afloat Amid Economic Swells?
Economist Neil Dutta sees rising jobless claims, slowing labor force growth and persistent tariffs as signs of mounting pressure on…
Mortgage Rates Hold Steady Despite Modest Uptick
In June, average mortgage rates remained steady, with the 30-year fixed rate at 6.82% and the 15-year at 5.95%, both…
FHA to Cut All Multifamily Mortgage Insurance
The FHA is proposing to lower multifamily mortgage insurance premiums (MIP) to a flat 25 basis points, the legal minimum,…
Elevated Rates are Challenging Affordability Conditions
High mortgage rates and economic uncertainty continued to sideline buyers in May, causing new single-family home sales to fall 13.7%…
House Price Appreciation by State and Metro Area
In early 2025, the pace of home price increases began to slow down, growing by 4.7% compared to the same…
Bank of America predicts major housing market changes
Homebuyers have struggled with an unpredictable market, where high prices and steady mortgage rates have caused many to postpone purchasing….
Mass timber provides options amid steel tariffs
Amid ongoing tariffs and economic uncertainty, Chris Evans of Timberlab sees familiar challenges in the construction supply chain. In response…
Despite Headwinds, Existing-home Sales Will Pick Up
Most Americans still aspire to own a home, with over 70% of renters preferring ownership, according to a Federal Reserve…
