Analysis from the National Association of Home Builders (NAHB) shows that the construction labor market remained relatively unchanged through October. This information originates from the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). However, the current level of open jobs is down measurably from two years ago. This decline aligns with the decrease in residential construction activity. While majorly unchanged the labor market was at 7.67 million in October compared 7.66 million the month prior. There is some notice that Federal Reserve’s decision to reduce interest rate…
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Interior swinging door market grows
As trends across the remodeling industry shift the interior swinging door market shows major growth. According to research from market.us, they expect an estimate of growth of around USD 1.5 Billion by 2034, from USD 1.0 Billion in 2024. This indicates growth a CAGR of 4.2% during the forecast period from 2025 to 2034. While some experts think that open concept layouts will be phased out in 2026, this opens opportunities for growth in the door market. “The growing preference for minimalist flush-panel swinging door designs is emerging as a key trend in the Interior…
Read More2026 U.S. Labor Market Outlook
New data from HireQuest indicates that the 2026 labor market is moving toward stability after several years of rapid swings in hiring trends. Survey results from more than 400 offices show that time-to-fill rates have largely steadied, job applications remain consistent and employers are leaning more heavily on flexible hiring models like contract and fractional roles. The market is shifting toward skill-based hiring, with companies emphasizing flexibility, job fit and roles that cannot be automated. Trends such as reshoring, easing tariffs and advancements in AI-driven recruiting are also influencing demand,…
Read MoreThe State of the Construction Economy: What to Expect in 2026
The construction industry is heading into 2026 with uncertainty, but also with growing opportunities in reconstruction, adaptive reuse and major technology-driven projects. While high mortgage rates, rising materials costs and labor shortages continue to challenge builders, activity is shifting toward redevelopment of aging buildings and creating new housing through conversions and ADUs. Economists note that trends like office-to-residential conversions and reconstruction work are becoming essential strategies as traditional residential demand softens. At the same time, long-term volatility in interest rates and tariffs continues to influence costs and delay projects, reinforcing…
Read MorePrice Cuts on New Construction as Homebuilder Sentiment Remains Low
Homebuilders are increasingly turning to price cuts and incentives as economic uncertainty continues to weigh on buyer demand. In November, 41% of builders reduced prices, the highest share in five years, while nearly two-thirds used additional incentives such as mortgage-rate buy-downs. Builder confidence remains weak, held back by high inflation, volatile mortgage rates and lingering effects of the prolonged government shutdown, which disrupted key economic data releases. Industry leaders note that even with mortgage rates easing slightly, many buyers remain hesitant due to job-market concerns and broader financial uncertainty. As…
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 More5 Home Renovation trends you’re expected to see in 2026
Design experts are already forecasting the biggest home renovation trends for 2026, and they suggest that homeowners will be moving away from open-concept layouts in favor of more defined and functional spaces. Architect Peter Miles predicts that as people continue spending more time at home, traditional floor plans with designated areas, such as private home offices, will become more desirable. In addition, wellness-focused renovations are expected to grow, with homeowners adding amenities like home gyms, saunas and meditation rooms to support healthier lifestyles. Improved air quality and natural light will…
Read MoreResidential Interior Wood Doors Market
The global residential interior wood doors market is set for steady growth over the next decade, increasing from USD 19.05 billion in 2025 to USD 26.87 billion by 2035 at a 3.5% CAGR. This expansion is being driven by advances in automation, digital design and sustainable material innovation, which are transforming how doors are produced and customized. Manufacturers are increasingly adopting CNC and robotic technologies to enhance precision, reduce waste and meet growing demand for personalized designs. The rise of digital design and customization platforms is also reshaping customer engagement…
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