The number of building permits issued for new apartment units dropped by 63 percent in 2024 when compared to the previous year, causing a “dramatic cooling off” of the commercial construction sector ...

The rate of both construction permitting and residential construction starts fell in May, with permitting losing ground for the third straight month. The U.S. Census Bureau and the Department of ...

New US residential construction declined in May to the slowest pace since the onset of the pandemic as an elevated inventory of homes for sale and high mortgage rates sapped the motivation to build.

Although United States single-family building permits saw some decent growth in 2024 — with a 6.7% increase to 981,834 units — home builders are concerned about the impact of tariffs on many of the ...

The construction industry is known for its slim profit margins and erratic market cycles—this despite accounting for $13 trillion in spending worldwide in 2023, or approximately 7 percent of global ...

Economic activity – growth and job creation – has remained remarkably strong for several years now. That resilience in the face of substantial headwinds such as higher interest rates and rising oil ...

In this week’s update, we focus on the residential construction sector.The Cyclical Economy is starting to decline, largely due to the sharp plunge in housing units under construction.However, since ...