Drives 30-year mortgage pricing, builder financing costs, and lot acquisition credit.
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Top States by Permits
Drives 30-year mortgage pricing, builder financing costs, and lot acquisition credit.
Leads permit activity by 2–4 months. Higher = more optimistic buyers.
Weaker CAD → cheaper Canadian lumber → lower U.S. builder costs.
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Data Sources
Methodology
Composite of JOLTS quit rate, ECI wage growth, and vacancy-to-hire ratio for NAICS 23 Construction. Higher = tighter labor market.
Source: Bureau of Labor Statistics JOLTS survey — Construction sector. Seasonally adjusted, thousands.
| Trade | Median Annual | YoY |
|---|---|---|
| Carpenters | $56,800 | +3.2% |
| Electricians | $61,590 | +4.1% |
| Plumbers | $63,420 | +3.8% |
| Iron/Rebar Workers | $57,600 | +2.9% |
| Roofers | $52,980 | +2.4% |
Source: BLS Occupational Employment Statistics · Annual (May 2024 estimates)
Rising ECI compresses builder margins 1–2 quarters forward. Annotation line at 4.0% YoY margin compression threshold.
Model material cost impact on a standard 2,000 sq ft single-family build. Drag sliders to adjust tariff scenarios.
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24-month history. Source: Census Bureau Building Permits Survey via FRED PERMIT series.
Active pre-solicitation notices for construction contracts. These represent committed federal demand 6–24 months forward.
Federal construction contract awards since IIJA passage (Nov 2021). Top states by total awarded value.