Housing Market May Not Rebound in 2025The 2024 housing market is on track to be the slowest in nearly 30 years as high mortgage rates and home prices combined with extremely low housing inventories have kept homeowners

Construction Spending RisesOn a not-seasonally adjusted basis, total US construction spending increased 8.6% in March 2024 compared to the same period in 2023, according to the US Census Bureau. Residential spending rose by 4.3%, while nonresidential spending

Wage Growth Outpaces Price GrowthProducer prices charged by nonresidential HVAC and plumbing contractors have risen steadily in 2023 and, by Q4, were up slightly over the same period in 2022, according to the Bureau of Labor Statistics (BLS). However, BLS data