Economic Indicators Industry Forecasts Industry Statistics

Consumer Sentiment Declined 14.4% to 50.0 in June

Consumer sentiment declined 14.4% in June to 50.0, according to final results from the University of Michigan Survey of Consumers. This represents a 41.5% decline year over year. Read More

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Housing Market Slows Due to Inflated Values & Higher Interest Rates

After a record-shattering year in 2021, the housing market is at an inflection point, reports Harvard's Joint Center for Housing Studies. Read More

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Rising Interest Rates and Supply Chain Issues Slow Housing Market

Rising interest rates and ongoing building material supply chain disruptions that raise construction costs continue to act as significant headwinds on the housing market. Read More

Economic Indicators Industry Forecasts Industry Statistics

Housing Demand Remains High Despite Interest Rate Pressures

fter a record-shattering year in 2021, the housing market is at an inflection point. Higher interest rates have taken some heat out of the homebuying market, and the large number of apartments under construction should bring some relief on the rental side. Read More

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Dimension Stone Statistics and Information

A new publication has been posted to the USGS National Minerals Information Center website at the following link: Stone, Dimension, 2019, tables-only release Read More

Economic Indicators Industry Forecasts Industry Statistics

Existing-Home Sales Declined 3.4% in May

Total existing-home sales fell 3.4% from April to a seasonally adjusted annual rate of 5.41 million in May. Year-over-year, sales receded 8.6% (5.92 million in May 2021). Read More

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Total Construction Starts Rose 4% in May

Total construction starts rose 4% in May to a seasonally adjusted annual rate of $979.5 billion, according to Dodge Construction Network. Nonresidential building starts rose 20%, while residential starts fell by 4% and nonbuilding lost 2% during the month. Read More

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Home Builders Urge Congress to Address Housing Affordability

More than 600 builders from across the nation trekked to Capitol Hill on June 15, 2022, for the National Association of Home Builders (NAHB) 2022 Legislative Conference to spotlight the growing housing affordability crisis that threatens to derail the economy and urge their lawmakers to support policies that will ease building material production bottlenecks and increase the production of quality, affordable housing. Read More

Economic Indicators Industry Forecasts Industry Statistics

Rising interest & costs slow housing production

Rising interest rates and ongoing building material supply chain disruptions that raise construction costs continue to act as significant headwinds on the housing market. Read More

Economic Indicators Industry Forecasts Industry Statistics Published Articles

Hospitality: Open for business

While the COVID-19 pandemic hit the hospitality market in the U.S. hard, that segment — food and beverages, lodging, recreation, travel and tourism — has begun to recover. Read More