In November, construction sector jobs—including both residential and nonresidential—increased month-over-month in 27 states and declined in 20 states and the District of Columbia, NAHB reported.
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US Median Asking Rents Decline for Third Consecutive Month in December
The median US asking rent fell 0.8% year-over-year to $1,964 in December, Redfin reported. Month-over-month, rents were 0.2% lower.
Alberta’s 2024 Wildfire Season Poised to Rival 2023’s Historic Fires, Experts Say
CTV News Edmonton interviewed experts from Environment and Climate Change Canada and Alberta Wildfire regarding the upcoming wildfire season.
Construction Sector Employment Increases in December, and Construction Unemployment Falls
Overall employment in the construction sector increased by 17,000 in December, following an increase of 6,000 in November, according to BLS and NAHB.
US Nonfarm Payroll Increases by 216,000 in December; Unemployment Steady at 3.7%
Total nonfarm payroll employment increased by 216,000 in December. Payroll employment increased by 2.7 million in 2023, an average monthly gain of 225,000.
Canadian Employment Unchanged in December; Unemployment Steady at 5.8%
Canadian employment was little changed in December. This follows an increase of 25,000, or 0.1%, in November.
US Mortgage Payments in December Fall 14% From October’s Record High
The median US mortgage payment was $2,361 during the four-week period ending on December 31st, down 14% from October’s record high, Redfin said.
Construction Sector Job Openings Increase in November
The number of open construction jobs increased to 459,000 in November from a revised reading of 416,000 in October, the Census Bureau and NAHB reported.
Thirty-Year Fixed-Rate Mortgages Move Slightly Higher in the Week Ending January 4th
The 30-year fixed-rate mortgage averaged 6.62%, up from last week when it averaged 6.61%, according to Freddie Mac.
ADP Reports Increased Private Sector Employment and Compensation Gains in December
Nonfarm private sector employment increased by 164,000 jobs in December and annual pay was up 5.4% year-over-year, according to ADP.