The United States Supreme Court on Friday ruled that the White House does not have the authority to impose sweeping tariffs under a federal emergency powers law.…
Anirban Basu
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New U.S. Tariffs on Canada, Mexico, and China Spark Trade War, Threaten Housing Costs
[This article was updated February 3, 2025, at 5:20 p.m.] The new administration's long-anticipated tariffs against Canada, China and Mexico were officially announced Saturday. According…
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Construction Rises but Can Builders Finish With so Few Hands?
The labor market showed significant improvements over 2022-23. But for construction, that trend was destined to change, experts warned [DWM]. By mid-2023, the number of…
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With the New Year Comes New Confidence for Builders
The new year rang in bright for homebuilders, says Associated Builders and Contractors (ABC) chief economist Anirban Basu. The association’s Construction Backlog Indicator rose to…
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Jobs Report Shows Fewer Workers Needed, Except Construction
The U.S. Bureau of Labor Statistics (BLS) released its latest job openings and labor turnover summary this week, showing that fewer employers are in need…
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Nonresidential Construction Employment Retains Momentum in August
The U.S. construction industry added 20,000 jobs in August, according to the Bureau of Labor Statistics report released September 5. July’s estimate was revised upward from 22,000 to 31,000 net new jobs. Nonresidential construction added 5,500 jobs in August, which could be considered a bit soft, but the segment added 15,200 jobs in July (revised upward from 6,600), according to a report from the Associated Builders and Contractors (ABC).
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Mid-Year Housing Report: Regional Differences Still Exist and Employment Plays Key Role
How is the housing recovery faring? Well it depends on where you live as major discrepancies still exist in different markets. Slow income growth is…