According to the NAHB both the single-family and multifamily sectors saw an increase in total housing starts in the month of May 2018. In the Census Bureau and HUD report, data shows that housing starts increased 5% month-over month to a 1.35 million seasonally adjusted annual rate. Single-family starts hit 3.9% in May 2018 with […]
The median wage in the U.S. is below $37,000.00 a year. The Occupational Employment Statistics (OES), a study done by the Bureau of Labor Statistics (BLS), reports that half of the construction workers in the country make more than $45,820. The construction trade’s tops income producers are elevator installers. According to the OES half earn […]
Property tax shares have been on the rise for the past five and a half years. NAHB reports that the Census Bureau’s quarterly tax data concludes that $573 billion in property taxes were paid in the four quarters of 2017. While individual income tax receipts grew 5.4%, property tax revenues were the biggest increase at […]
With the residential construction, boom comes more construction jobs. According to the Bureau of Labor Statistics (BLS) the number of construction jobs rose to 2.81 million in May 2018, making that a 25,000 raise in the month of May. Out of the 2.81 million, 791,000 were builders and 2 million were residential specialty trade contractors. […]
