The building products manufacturer presents its 16th annual Versatexellence Awards.
Hiring in residential construction over the past eight months offset heavy job losses in March and April.
The Associated Builders and Contractors Construction Backlog Indicator sees a slight increase.
Instrumental home builder David Compo, along with his wife and son, were killed in a Jan. 2 plane crash.
NAHB Chief Economist Robert Dietz is featured on the latest Housing Developments podcast.
The association is encouraging residential construction to halt work for at least 10 minutes for COVID-19 safety training.
The latest monthly decline is largely due to a shortage of inventory and rising prices.
Despite the decrease, the latest residential sales report is 20.8% above the November 2019 pace of 696,000.
Total inventory has fallen 9.9% to a 2.3-month supply.
Associated Builders and Contractors reports a backlog of construction work is at its lowest level since 2011.
Experts say offsite construction is the solution to more housing production and a growing labor shortage.
The majority of respondents predict gains for offsite construction in 2021
Despite a four-point decline, builder sentiment remains high in December.
Hiring in residential construction is well above the jobs recovery rate in non-residential construction.
