U.S. home construction rebounded in August at the fastest pace seen in seven months but applications for new building permits plunged, sending mixed signals for an industry that has been struggling with rising lumber costs.

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Homebuilders ramped up construction in June to the fastest pace seen in four months, led by surges in the Northeast and Midwest.

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Builder confidence for newly built single-family homes has hit a 12-year high, partly due to optimism inspired by expectations about what President Donald Trump will mean for the industry, according to the National Association of Home Builders.

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The National Association of Home Builders is praising President Donald Trump's executive order to reform the Dodd-Frank Act.

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In conjunction with the 55th annual Milwaukee NARI Home Improvement Show at the State Fair Park Exposition Center in West Allis, the Milwaukee NARI Workforce Development Committee and the Milwaukee NARI Foundation will host a free job fair for those looking to secure a career in the home improvement and remodeling industry.

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The National Association of Home Builders and other industry groups have filed a lawsuit challenging OSHA's new rule requiring electronic record keeping of workplace injuries.

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Builders pulled back on constructing homes in November, after ground breakings surged in October to the strongest pace in more than nine years.

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U.S. homebuilders are feeling slightly less confident in their sales prospects heading into next year, even as their overall sales outlook remains favorable.

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Economic experts credit the state's unemployment rate and pent up demand for Wisconsin's strong showing in residential real estate, which is on pace for its best year in a decade, according to state and national reports.

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U.S. builders broke ground on fewer homes in May, but the pace of construction remains significantly higher than a year ago as the real estate sector increasingly reflects the stronger job market.

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