Single-family construction permits decline in April for the fourth month in a row

Multifamily permits have also dipped year to date: NAHB
Labor shortages, immigration crackdowns take a toll on the construction industry

A lack of skilled workers costs builders more than $10 billion annually, study finds
The removal of office space will outpace construction this year: CBRE

An estimated 23.3 million square feet of office space will be converted or demolished in 2025
New and existing home prices aren’t that far apart: NAHB

The price gap between new and used housing stock has narrowed dramatically since 2010
April construction spending dips, with residential projects seeing the steepest decline

While public construction projects ramped up last month, private sector spending fell 0.7%