Residential Remodelers Outnumber Single-family Builders in the U.S.

The number of residential remodelers in the U.S. hit a record high of 128,187 in 2022, 65% more than the 77,455 residential builders, according to new Census Bureau data. Remodelers have seen much faster growth than builders, rising 25% from 2017 to 2022 and 73% since 2007, while the builder count grew 12% and fell 21% over the same periods. Remodelers made up 62% of all residential construction businesses in 2022, continuing a trend that began after builders last held the majority in 2007. Read More

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Remodeling Market Sentiment Dips in Second Quarter

The NAHB/Westlake Royal Remodeling Market Index dropped to 59 in the second quarter of 2025, reflecting a slight decline in remodeling activity amid economic uncertainty and high interest rates. The Current Conditions Index fell to 66, with small and mid-sized projects seeing the biggest declines, though all project types remain in positive territory. Future expectations also dipped, as the backlog of jobs shrank, but remodelers still report steady leads and overall market confidence remains above neutral. Read More

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Framing Lumber Prices

Lumber prices continued their decline for the 11th straight week, with the framing lumber composite price falling to $424 per 1,000 board feet—the lowest since October 2024. Although prices are down 4.1% over the past month, they remain 13.1% higher year-over-year. U.S. lumber availability also hit a low not seen since 2019, as both domestic production and imports, especially from Canada, decreased in the first quarter of 2025. Read More

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Producer Prices Rise in May: New Construction Input Analysis

Prices for inputs to new residential construction rose 0.2% in May after a slight decline in April, with building materials increasing 0.1% month-over-month and 2.5% year-over-year. While energy input costs rose slightly in May, they remain nearly 10% lower than a year ago. Overall, input prices for residential construction are up 1.9% from May 2024, driven by modest increases in both goods and services. Read More

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The Fed Pause Continues

The Federal Reserve maintained its current interest rate range of 4.25% to 4.5%, continuing its pause on rate cuts despite earlier reductions in late 2024. Chair Jerome Powell emphasized the Fed’s commitment to reducing inflation and achieving full employment, noting that persistent shelter inflation and ongoing housing affordability challenges—exacerbated by high construction costs—are key concerns. While economic activity remains solid and unemployment is low, the Fed slightly downgraded its 2025 GDP growth forecast and raised its inflation outlook, citing tariff uncertainty as a potential contributor to elevated inflation through the…

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HBA Celebrates Largest Graduating Class

On May 1st, 2025, the Builders Association of North Central Florida celebrated the graduation of more than 50 apprentices representing HVAC, electrical, plumbing, carpentry, building maintenance, and plumbing According to the NAHB, ““Our apprentices worked incredibly hard to reach this point, and their success directly strengthens our local construction industry,” said Sara Emmanuel, executive officer of BANCF. “They’ve balanced work and education, and this graduation is a recognition of their dedication, growth, and the value they bring to their employers and our community every day.” Read More  

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Framing Lumber Prices

Since May 9, 2025, the framing lumber composite price has fallen to $454 per 1,000 board feet. Softwood lumber prices have been affected due to rising tariffs, an increase in demand, and insufficient domestic production. The NAHB plans to negotiate a long-term deal with Canada to reduce tariffs, increase domestic production, and seek new markets for trading in order for lumber production to start blooming once again.  According to NAHB, “Surveys conducted by Home Innovation Research Labs show that the average new single-family home uses more than 2,200 square feet…

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Veteran Employment in Construction Increases in 2022

Veteran Employment in Construction Increases in 2022 The share of employed veterans working in the construction industry increased to 6.5% in 2022 — the second consecutive annual increase. The share has climbed 0.6% since 2020 and is just… Read More National Association of Home Builders https://www.nahb.org/blog/2023/04/veteran-employment-in-construction-increases-in-2022

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