Tag: rate
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Fed’s rate cut boosts existing construction projects, more needed to spur new builds
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Contractors sensed growing momentum across the construction market after the Federal Reserve again lowered interest rates Wednesday, its third cut of 2025. The central bank trimmed its benchmark rate by another 25 basis points, which extends a…
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Inflation holds steady, bolstering case for Fed benchmark rate cut
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Inflation held steady in September, the Bureau of Labor Statistics said Friday, bolstering odds that the Federal Reserve will trim the main interest rate on Dec. 10 in a third straight cut. The core personal…
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Companies cut 32,000 from payrolls as Fed debates trimming main rate: ADP
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Companies cut payrolls by 32,000 last month, payroll processor ADP said Wednesday, as Federal Reserve officials remain divided over whether a cooling job market warrants trimming the main interest rate during a policy meeting next…
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Seddon boss: male suicide rate ‘should stop all of us in our tracks’
Nicola Hodkinson, owner of Seddon Construction and trustee of Mates in Mind, is calling for the construction industry to address the stigma around men’s mental health. Commenting on International Men’s Day (19 November), Hodkinson said this year’s theme – supporting men and boys – is particularly relevant for the construction industry. “Construction is still a…
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I tested the Dreo Smart Whole Room Heater 714S and rate it
You can trust Homebuilding & Renovating. Our expert reviewers spend hours testing and comparing products and materials in order to help you choose the best for your home and garden. Find out more about how we test. I’m not a fan of the colder seasons and never will be. Give me the heat of the…
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Construction job opening rate hits near-10-year low
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: The rate of open construction jobs dropped to its lowest point in nearly a decade, according to a Tuesday Bureau of Labor Statistics report, indicating contractors have decreased interest in hiring new positions in the…
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Construction Worker Quit Rate Hits Nine-Year Low
The construction industry had 306,000 job openings at the end of July, an increase of 64,000 from the previous month and 77,000 year over year, according to an analysis of federal data by Associated Builders and Contractors (ABC). The job opening rate also rose to its highest level in over a year. However, ABC Chief…
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Contractors welcome rate cut, push for more
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Contractors finally got the news they had been waiting on, a rate cut that could rouse the sleeping construction market. The Federal Reserve cut its benchmark interest rate by 25 basis points on Wednesday afternoon. The move…
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June 2025 Construction Unemployment Rate Holds Steady Nationwide, Varies by State
The national not seasonally adjusted (NSA) construction unemployment rate for June 2025 was 3.4%, according to an analysis of U.S. Bureau of Labor Statistics data released by Associated Builders and Contractors (ABC). This marks a slight 0.1 percentage point increase from June 2024. The state-by-state analysis found that: 18 states reported lower construction unemployment rates…
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Construction pros react to interest rate decision
Listen to the article 8 min This audio is auto-generated. Please let us know if you have feedback. Contractors hoping for relief from the Federal Reserve will have to wait a while longer. The central bank held its benchmark federal funds interest rate steady Wednesday afternoon in the range of 4.25% to 4.5%. The decision…