Get the Insight You Need on NAHB Connect
Do you ever find yourself with a question about home building, remodeling, or the residential construction industry as a whole, but you’re not sure who to ask?
Or you’re interested in gaining the perspective of other industry professionals across the country, but your existing peer network doesn’t reach far enough?
NAHB Connect, a free, online platform, helps connect NAHB members with one another for discussions, learning, sharing ideas and more.
Members on the NAHB Connect platform engage in discussions on a wide variety of topics. Whether it’s permitting challenges at the local level or comparing and contrasting different building techniques, there’s always someone on the platform who is willing to provide their insight, experience and assistance to help a fellow member.
Popular discussion topics in 2021 included cameras for construction sites, how NAHB membership has helped member businesses, and what builders wished real estate agents knew.
Another exciting way the platform is being used is to announce personal successes, like launching a new website or finalizing a career-changing contract. The community is characterized by a sense of support and care for other professionals that is hard to come by.
The start of a new year is a great time to create your profile and join in on the discussion. If you’re not yet a member of NAHB Connect, you can create your profile today at connect.nahb.org. Use the same credentials you use to sign in to nahb.org.
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Latest Economic News
The U.S. labor market rebounded in October, with nonfarm payroll employment increasing by 165,000 jobs and the unemployment rate declining to 4.1%. However, the improvement in overall employment contrasts with continued weakness in residential construction, where employment fell by 16,400 jobs, the largest monthly decline since March 2021.
New multifamily housing confidence weakened year-over-year in the third quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 41, down five points year-over-year, while the Multifamily Occupancy Index (MOI) had a reading of 69, also down five points year-over-year.
Mortgage application activity declined in October as the 30-year fixed mortgage rate rose sharply again. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, fell 14.1% month-over-month in October on a seasonally adjusted basis. Compared to a year ago, total mortgage applications were 39.8% lower.