In recent years, policymakers and economic experts have embraced efforts to bring more manufacturing jobs back to the U.S. From the “America First” trade deals in the Trump Administration to historic investments in domestic manufacturing under the Biden Administration, industrial…
Despite inflation, rising interest rates, and recession fears, the outlook for the construction industry in the next few years appears positive. A midyear report from the American Institute of Architects projected 9.1% growth in nonresidential construction for the remainder of…
With inflation remaining high, interest rates rising quickly, and the prospect of a recession looming, the construction industry in the U.S. is beginning to see signs of contraction after two years of rapid growth. Since reaching a peak seasonally-adjusted annual…
The real estate market since the start of the COVID-19 pandemic has been tough on all buyers, but aspiring first-time buyers may have struggled most of all. For much of 2020 and 2021, the housing market faced a challenging combination…
After slowing down at the beginning of the pandemic, the construction industry has bounced back, spurred on by the housing market boom. Construction employment reached 7.7 million in August, surpassing pre-COVID levels, and nearly matching peak construction employment in 2006.…
The last few years have brought rising demand for housing construction, home improvement projects, and durable goods. But amid supply chain challenges and an unusual labor market since the COVID-19 pandemic began, construction and related businesses have had a hard…
The construction industry in the U.S. has no shortage of demand these days. The intense real estate market of the last two-plus years highlighted the shortage of housing stock in the United States. Construction companies have been trying to catch…
The housing market of the last two years has been unusual in many ways. With constrained supply, intense demand, and record price growth, the market has consistently defied experts’ expectations and typical trends. And one way these aberrations have shown…
The residential real estate market in the U.S. experienced an unprecedented spike in home prices between 2020 and 2022, but signs from this spring and summer indicate that the market is cooling off. Existing home sales in the U.S. have…
Rising real estate prices and interest rate hikes have finally started to bring balance back to the residential market this year. But while demand is falling off, the U.S. still has a major need for new homes, which could create…
Experts of all stripes agree that the fields of science, technology, engineering, and mathematics (STEM) are critical to the U.S. economy. A recent study estimated that STEM supports 67% of jobs in the U.S. and 69% of the country’s GDP.…
After two years of spiking real estate prices, mortgage rates, and rents, the housing affordability crisis in the U.S. is more apparent than ever. Policymakers, economic experts, and regular U.S. households have been searching for tools to alleviate the pressure…
The U.S. economy today has no lack of opportunities for architects. An ongoing shortage of housing stock contributed to the dramatic spike in housing prices over the last two years, illustrating a need for professionals who can help make design…
After a two-year frenzy during the COVID-19 pandemic, the residential real estate market has begun to show signs of slowing down this spring and summer. Mortgage rates are on the rise, and applications for home loans are down year-over-year. Housing…
After nearly two years of unprecedented competition, the residential real estate market is finally showing signs of cooling off. While inventory remains at low levels and demand is still high, home sales and home price growth have begun to slow…
