Construction added 33,000 jobs in January, accounting for nearly a quarter of the 130,000 jobs added in the month. This is according to the U.S. Labor Department’s Jobs Report. The recently released ADP national employment report, construction payrolls increased by 19,000 jobs in February. This is out of the total 63,000 jobs added in February, the most since July 2025. While ADP report is not always predictive of the BLS report, it shows a strong construction sector. “Construction continues to be a powerful engine of economic growth. Strong hiring reflects sustained…
Read MoreCategory: Industry News
Supreme Court’s tariff ruling will offer construction relief
On Feb. 20, 2026, the Supreme Court threw out a large number of tariffs that were imposed on imports. This decision is expected to have numerous impacts, including some much-needed relief for building materials and inflation as a whole. A decline in material prices, specifically specialty equipment, HVAC and electrical systems, as well as fixtures, can be an expected result after the ruling. However, tariffs on lumber, steel, copper products and lumber are still in place. Contractors can still expect an overall lessening of material prices. Read More
Read MoreThe Remodeling Labor Market
The Harvard Joint Center for Housing Studies (JCHS) released a study on the role immigrant labor plays on the remodeling industry. While immigrants account for an estimated one in five workers nationally,in the construction trades they represent about one in three workers. With the recent tightening of immigration laws, standards and work permits the team at JCHS predicts this could potentially strain the building and remodeling labor market. This is especially true in large metro areas. Their research shows that in the seven metros that issued at least 150,000 building…
Read MoreFed cuts rates again, though mortgage rates are already down
The Federal Reserve announced another 25-basis-point cut to the federal funds rate on October 29, marking its second consecutive quarter-point reduction this fall. Though the Fed doesn’t directly control mortgage rates, these decisions influence borrowing costs across the economy. Anticipating the move, mortgage lenders had already begun lowering rates throughout October, with 30-year averages nearing 6%, the lowest level in more than three years. Despite this decline, housing demand remains muted, as mortgage applications have continued to fall. The Fed’s latest rate cut reflects its attempt to balance a slowing…
Read MoreNine major housing markets see price declines in August
U.S. home prices rose just 1.5% in August compared to a year earlier, marking the slowest pace of growth since 2023, according to the S&P CoreLogic Case-Shiller Home Price Index. This slowdown, down from July’s 1.7% increase, signals that the post-pandemic housing boom continues to lose momentum. In fact, nine of the 20 major metro areas tracked saw year-over-year price declines, and for the fourth consecutive month, home values failed to keep up with inflation. With inflation rising 2.9% during the same period, homeowners effectively lost purchasing power, while potential…
Read MoreCalifornia leans into the trades
California has approved $25 million in grants to fund 88 apprenticeship programs through the state’s Employment Training Panel (ETP), aiming to train more than 22,000 workers in skilled trades. The initiative, supported by employer-paid taxes rather than the state’s General Fund, focuses on building long-term, high-quality careers in industries like construction. State leaders emphasized that apprenticeships are key to developing sustainable career paths and strengthening California’s economy. According to officials, these programs align directly with industry needs and will provide participants with the tools to secure stable, well-paying jobs that…
Read MoreHow construction companies can solve the workforce shortage
The construction industry faces a growing labor shortage that’s expected to intensify over the next two years. An estimated 439,000 additional workers will be needed in 2025—and nearly 500,000 in 2026—as construction spending rises. This shortfall threatens to slow project timelines, raise costs, and compromise safety and quality. The industry’s long-term health depends on attracting new talent, especially younger workers and career changers and investing in their training and mentorship. Building proficiency in the trades takes time, making early and sustained investment in workforce development essential. The shortage is most…
Read MoreNew tariffs on building material and cabinet imports
The U.S. Commerce Department released a notice that they are implementing a 10% tariff on all timber and lumber imports and an additional 25% tariff on kitchen cabinets and furniture. They announced that imports of these materials and products pose a national security risk. The tariffs go into effect on Oct. 14. The tariffs on furniture products are expected to rise to 30% on Jan. 1, 2026. The kitchen cabinet levies are scheduled to double to 50% on the same date. Lumber America does not produce enough soft lumber to…
Read MoreContractor insights into industry trends
Findings from the Home Improvement Research Institute (HIRI) show that contractor activity has held steady throughout Q2 despite market growth softening. Current concerns include tariff and labor impact, but the outdoor materials market and demand for energy-efficient projects saw gains higher than anticipated. With data pointing to an increase in home improvement projects under $5k and a decrease in projects over $100k, the findings suggest homeowners are prioritizing inexpensive summer projects that take advantage of sunny weather or optimize efficiency in expecting the heat wave. Read More
Read MoreSurveys offer glimpse into home remodeling, improvement sentiment
Staying up to date with consumer interest is of vital importance in the remodeling industry, and luckily the National Association of Homebuilders (NAHB) and the Joint Center for Housing Studies (JCHS) at Harvard University have released surveys that detail what statistically receives the most attention from homeowners pursuing renovations. NAHB survey results found a slight decrease in measures from the first quarter, especially in the western part of the country despite an overall positive sentiment among the remodeling market. Directors at Harvard’s Remodeling Futures Program also pitched in their views…
Read More