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Homeownership by Race and Ethnicity
Blog 2 days ago
Homeownership by Race and Ethnicity

Data from the Census Bureau’s Housing Vacancy and Homeownership (CPS/HVS) survey show that the US homeownership rate increased to 63.9 percent in...

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Headline Inflation Accelerates, Core Inflation Slows
Blog 3 days ago
Headline Inflation Accelerates, Core Inflation Slows

The Consumer Price Index – Urban Consumers (CPI) rose by 0.4 percent on a seasonally adjusted basis over the month of November and 2.2 percent over...

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Construction Trades: A Step on the Path Toward Higher Paying Jobs
Blog 3 days ago
Construction Trades: A Step on the Path Toward Higher Paying Jobs

A recent NAHB study identifies eight senior positions at home building companies that are often to nearly always filled by someone with experience...

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Fed Raises Key Rate, Balance Sheet Normalization to Accelerate in January
Blog 4 days ago
Fed Raises Key Rate, Balance Sheet Normalization to Accelerate in January

In its statement following its December 12-13, 2017 meeting, the Federal Open Markets Committee (FOMC) decided to raise the target range for the...

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State Economies Contribution to Nationwide GDP Growth
Blog 4 days ago
State Economies Contribution to Nationwide GDP Growth

Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the second quarter of 2017, according to the U.S. Bureau...

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Record-Setting Pace of Price Increases Continues
Blog 5 days ago
Record-Setting Pace of Price Increases Continues

Prices paid for inputs to residential construction (+0.7%), softwood lumber (+2.3%), gypsum products (0.4%), and OSB (+15.3%) all increased in...

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Homeowners’ Equity Improves
Blog 5 days ago
Homeowners’ Equity Improves

The Financial Accounts of the United States for the third quarter of 2017 were published by the Board of Governors of the Federal Reserve System...

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Construction Job Openings Rise in October
Blog 6 days ago
Construction Job Openings Rise in October

The count of unfilled jobs in the construction sector increased in October. This increase occurred during a period of expansion for repair and...

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Garages in New Homes: 2016 Data
Blog 6 days ago
Garages in New Homes: 2016 Data

A majority of new homes that completed construction in 2016 included two-car garages, according to NAHB analysis of Census Bureau Survey of...

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Solid Employment Gains in November
Blog 1 week ago
Solid Employment Gains in November

According to the Employment Situation for November 2017 reported by the Bureau of Labor Statistics (BLS), total nonfarm payroll employment rose by...

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Impact of the Canadian Lumber Duties on the U.S. Economy in 2018
Blog 1 week ago
Impact of the Canadian Lumber Duties on the U.S. Economy in 2018

On November 2, 2017, the Commerce Department announced its final decision to impose duties averaging 20.83 percent on Canadian softwood lumber...

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Number of Bathrooms in New Homes
Blog 1 week ago
Number of Bathrooms in New Homes

Every year, the US Census Bureau publishes data on the characteristics of new single-family homes started in its Survey of Construction. In 2016, 3...

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Air Conditioning and Heating Systems in New Homes
Blog 1 week ago
Air Conditioning and Heating Systems in New Homes

Air Conditioning Systems Every year, the US Census Bureau publishes information on characteristics of new homes started in its Survey of...

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The Geography of Homes Built on Private Wells and with Individual Septic Systems in 2016
Blog 1 week ago
The Geography of Homes Built on Private Wells and with Individual Septic Systems in 2016

NAHB Economics analysis of the Survey of Construction (SOC) data shows that less than 9% of new single-family homes started in 2016 are served by...

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Share of New Homes with Decks Edges Up
Blog 1 week ago
Share of New Homes with Decks Edges Up

Of the roughly 780,000 single-family homes started in 2016, 23.7 percent came with decks, according to NAHB tabulation of data from the Survey of...

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Single Family Construction Spending Up in October
Blog 2 weeks ago
Single Family Construction Spending Up in October

NAHB analysis of Census Construction Spending data shows that total private residential construction spending grew 0.4% in October to a seasonally...

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October Gains in Personal Income and Spending
Blog 2 weeks ago
October Gains in Personal Income and Spending

Personal income climbed 0.4% in October, according to the most recent data release from the Bureau of Economic Analysis. Gains in personal income...

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Growth Rate for Residential Construction Loans Picks Up
Blog 2 weeks ago
Growth Rate for Residential Construction Loans Picks Up

The volume of residential construction loans increased by 2.4% during the third quarter of 2017, marking 18 consecutive quarters of growth. While...

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Growth in Q3 a Bit Stronger Than Initially Estimated
Blog 2 weeks ago
Growth in Q3 a Bit Stronger Than Initially Estimated

The Bureau of Economic Analysis (BEA) reported that economy, as measured by growth in real gross domestic product (GDP) rose by 3.3 percent in the...

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Mortgage Rates Remain Low
Blog 2 weeks ago
Mortgage Rates Remain Low

Information provided by the Federal Housing Financing Agency (FHFA) indicates that mortgage rates on purchases of newly built homes fell by 5 basis...

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Pending Sales Rebound from Hurricanes
Blog 2 weeks ago
Pending Sales Rebound from Hurricanes

The Pending Home Sales Index increased 3.5% in October as the South recovered from the impact of Hurricanes Harvey and Irma. The Pending Home Sales...

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Home Price Appreciation Continues in September
Blog 2 weeks ago
Home Price Appreciation Continues in September

National home price appreciation continued in September, while local home prices grew at different rates. All of the 20 metro areas had positive...

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Multifamily Market Update
Blog 2 weeks ago
Multifamily Market Update

The market share of rental multifamily construction starts ticked back up to an elevated level of 95% in the third quarter, according to NAHB...

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AD&C Financing Conditions Ease At A Slower Pace
Blog 2 weeks ago
AD&C Financing Conditions Ease At A Slower Pace

Builders and developers responding to NAHB’s AD&C Financing Survey continue to report easing credit conditions for acquisition, development, and...

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New Home Sales Reach Strongest Pace in a Decade
Blog 2 weeks ago
New Home Sales Reach Strongest Pace in a Decade

Contracts for new, single-family home sales expanded by 6.2% in October to a 685,000 seasonally adjusted annual rate, according to estimates from...

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Single-Family Built-for-Rent Starts: Third Quarter 2017
Blog 2 weeks ago
Single-Family Built-for-Rent Starts: Third Quarter 2017

The number of single-family homes built-for-rent increased in the third quarter. Over the last four quarters, total production of this type of...

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Recent Homes Have Just Over 3 Toilets, 2.5 Showers
Blog 3 weeks ago
Recent Homes Have Just Over 3 Toilets, 2.5 Showers

Single-family homes built after the 1990s have an average of 3.1 toilets, 2.6 showers and 2.3 bathtubs, according to a recent NAHB study. Standard...

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Slight Gains for Custom Home Building
Blog 3 weeks ago
Slight Gains for Custom Home Building

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates ongoing expansion of the volume of...

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Existing Sales Up 2.0% in October
Blog 3 weeks ago
Existing Sales Up 2.0% in October

October existing sales increased 2.0%, and the first-time buyer share increased to 32% of sales. The National Association of Realtors projected...

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Multifamily Developer Confidence Weakens in Third Quarter
Blog 3 weeks ago
Multifamily Developer Confidence Weakens in Third Quarter

The National Association of Home Builders’ (NAHB) Multifamily Production Index (MPI) dropped 10 points to 46 in the third quarter of 2017 (Figure 1...

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