News in end use


Real GDP at State-Level for Q1 2021

According to the latest U.S. Bureau of Economic Analysis (BEA), with further evaluation provide by National Association of Home Builders (NAHB), real gross domestic product (GDP) when compared to Q4 of 2020, advanced in all 50 states and the District of Columbia in Q1 2021.

Home Builders Cut Construction Time by 10-days in 2020

According to the U.S. Census Bureau’s 2020 Survey of Construction (SOC), with analysis provided by the National Association of Home Builders (NAHB), the average completion time of a single-family house was around 7.8 months, which typically includes a little over a month from authorization to start and
another 6.8 months to finish the construction. It took approximately 10 days less in 2020 when compared to 2019, pausing the upward trend started in 2014.

State-Level Analysis of Construction Employment for May 2021

A deeper look into the Bureau of Labor Statistics (BLS) nationwide total of nonfarm payroll employment for May, with analysis provided by the National Association of Home Builders (NAHB), reveals that nonfarm payroll employment increased in 33 states and the District of Columbia in May, when compared to April, while 16 states lost jobs.

Mortgage Rates Move Above 3% in the Week Ending June 24, 2021

Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending June 24, 2021. The PMMS reports that 30-year fixed-rate mortgage averaged 3.02% with an average 0.7 point, up from last week when it averaged 2.93%. A year ago, at this time, the 30-year FRM averaged 3.13%.