Category Research

Browse reports prepared by our research team on the construction industry. We use data from the U.S. Census Bureau and the Bureau of Labor Statistics, among other sources, to provide readers with up-to-date data and statistics relevant to the construction industry.

Suburban homes

Cities With the Most Working-Age Residents Who Have Paid off Their Homes

Mortgage payoff rates vary substantially across the country. The nearly 28% of working-age U.S. homeowners without mortgages are less vulnerable during recessions than those with large mortgage obligations. These are the cities where the most people under 65 own their homes free and clear.
Senior couple

Baby Boomer-Dominant Housing Markets

While baby boomers comprise just over 20% of the U.S. population, they account for nearly 38% of homeowners nationwide. However, baby boomer homeownership rates vary across local and state markets. Researchers calculated the percentage of owner-occupied households that are headed by baby boomers, then ranked locations accordingly.
Historic homes

American Cities With the Oldest Homes

The U.S. is short between 2.3 and 6.5 million housing units relative to the needs of the current population. And with fewer new homes coming onto the market, many buyers are increasingly competing for older homes. Researchers calculated the median age of residential housing units based on the year each unit was built, and ranked U.S. cities and states accordingly.
Suburban home

Cities Where It’s Cheaper to Buy Than Rent

For many years, the typical monthly costs of buying a home were well below typical rents in the U.S. But as of November 2023, the typical monthly payment for a home in the U.S. was more than 22% higher than the typical monthly rent. Researchers compared the cost of buying a home now with renting one in over 300 U.S. cities and ranked locations accordingly.
Mortgage refinance application

U.S. Cities With the Most Mortgage Refinances

Refinancing a mortgage can help reduce monthly payments or provide some much needed liquidity, but the proportion of households that refinance their mortgage varies considerably across the country. Our researchers ranked U.S. states and metros according to the number of mortgage refinances originated in 2022 per 1,000 households with a mortgage.
Suburban home

Cities With the Largest Increase in Home Prices Over the Last Decade

Over the past decade, which has included recoveries from both the Great Recession and the COVID-19 recession, U.S. home values grew by more than 100%. To find the locations with the largest increases, researchers analyzed Zillow data and compared median home prices in 2023 to 2013.
Plumber

The Best-Paying Cities for Plumbers

Nationally, plumbers earn about 30% more than the typical worker—but more localized data shows a highly regional industry. We ranked U.S. states and metros according to the median annual wage for plumbers, adjusted for the cost of living.
For rent sign

U.S. Cities With the Highest Rent Prices

The year-over-year change in rental prices leaped from a recent low of 1.8% in Q2 2021 to 8.6% in Q2 2023. Now, nine states have median market rents topping $2,000 per month. Here are the states and metros with the highest rent prices in the nation.
Mortgage delinquency

Cities With the Most Mortgage Delinquencies

While mortgage delinquency rates remain low nationally, the concentration of delinquent mortgages varies significantly by location. We ranked U.S. states and metros based on the percentage of mortgages at least 30 days delinquent.
Home improvement

U.S. Cities Investing the Most in Home Improvements

Investing in home improvements varies by location due to factors such as cost of living, local economic conditions, and the housing market. Our researchers ranked U.S. states and metros according to the number of home improvement loans taken out per 1,000 owner-occupied households.
Multi-family construction

U.S. Cities Building the Most Multi-Family Housing

Multi-family housing plays a crucial role in bolstering housing availability in states with substantial urban populations. Nationally, approximately 28% of the current housing stock falls under the multi-family category, although this figure exhibits significant regional disparities. Looking at new units authorized by building permits in 2022, researchers identified the states and metros building the most multi-family housing.
Electrician

The Best-Paying U.S. Cities for Electricians

Demand for electricians will grow significantly faster than the overall job growth rate in the coming years, as more of the nation's energy infrastructure transitions to renewable sources. These are the best-paying U.S. states and metros for electricians.
Young homeowners

Cities With the Most Homebuyers Under 25

Some U.S. locations prove more favorable to young adults seeking homeownership than others. We calculated the share of all home purchase loans taken out by applicants under 25 years old in 2022, then ranked metros and states accordingly.
Manufactured housing

U.S. States Investing Most in Manufactured Housing

The average cost per square foot of a manufactured home is $85, roughly half the $168 cost per square foot of a site-built home. For lower- and middle-income families, this more affordable option has significant appeal. Our researchers identified the U.S. states investing the most manufactured housing.