Residential Building Wages Grow at ‘Unprecedented Rate’

Nov 11, 2024

Wages for residential building workers had a year-over-year increase of 9.9% in September, following another large gain of 10.8% in August, according to U.S. Bureau of Labor Statistics data.

The average hourly earnings for residential building workers was $33.51 per hour in September 2024, increasing 9.9% from $30.50 per hour in September 2023.

The skilled labor shortage in the construction industry and lingering inflation have accounted for the recent acceleration in wages, according to the National Association of Home Builders.

Read the full report here.

Flooring Sustainability Summit Announces 2025 Keynote Speakers

March 21, 2025

Absco's Waterborne Line-up

Flooring Sustainability Summit Announces 2025 Keynote Speakers

Zillow: Lower Mortgage Rate Expected to Increase Home Sales, Purchases in March

Harvard: Home Remodeling Market Hit $611 Billion in 2022

New Products

Makita Releases XDefence XGT Communication Adapter

Makita’s XDefence XGT Communication Adapter is for use with XGT equipment to help deter theft, set use parameters and protect tool investments, the company says.

Expert Tips for Prepping Wood Floors and Applying LED-Cured Oils

LED Coating Solutions

News

ABC: Government Apprenticeships Programs Don’t Meet Construction Workforce Needs

Federal and state government-registered apprenticeship programs are failing to meet the construction industry’s short- and long-term skilled workforce development needs, according to an Associated Builders and Contractors analysis.

News

Builder Confidence Hits Lowest Level in Seven Months

Builder confidence for newly built single-family homes fell to 39 in March, down three points from February and the lowest level in seven months, according to the National Association of Home Builders/Wells Fargo Housing Market Index.

News

Single-Family Housing Starts Up 11.4% in February

Single-family starts increased 11.4% from January to February to a 1.11 million seasonally adjusted annual rate, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

News

Canadian Housing Starts Down 4% in February

Canada’s housing starts decreased 4% from January to February to a seasonally adjusted rate of 229,030 units, according to the Canada Mortgage and Housing Corporation.

News

Bjelin Consolidates Companies into Bjelin Group, Names Fredrik Alfredsson CEO

Bjelin is consolidating seven companies under the Bjelin Group to streamline development and production across floors, furniture and veneers.

Podcasts

ATWF Podcast: Brad Rushing Discusses Being a Retailer in a Luxury Florida Market

On the latest episode of WFB’s All Things Wood Floor podcast, host Stephen Diggins speaks with Brad Rushing of North Palm Beach, Fla.-based California Designs about what it is like being a retailer in one of Florida’s luxury markets.

New Products

Cali Launches Varietals Flooring Collection

Cali’s Varietals prefinished flooring collection features a range of ash, acacia, hickory, and maple species with a clear matte finish.

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