Jesse Wade

Jesse Wade, CBE, is an economist and director of tax and trade policy analysis for NAHB. His work focuses on analysis of state and federal tax data, international trade, and building materials. He additionally focuses on local area analysis, such as the NAHB Home Building Geography Index (HBGI). Previously, Jesse served as an economist in the NAHB Forecasting and Analysis Department. Prior to NAHB, Jesse worked as a research associate at the Center for the Study of Services. He holds a master’s degree in applied economics from the University of Maryland and a CBE - Certified Business Economist (the certification in business economics and data analytics developed by the National Association for Business Economics).

HBGI Q3 2024: A New Status Quo for the Geography of Residential Construction?

Residential construction has remained in low density suburbs and outlying areas, according to the National Association of Home Builders’ latest release of the Home Building Geography Index (HBGI). This trend is driven by persistent factors that continue to affect housing affordability including a limited supply of buildable lots, rising construction costs, and a shortage of…

Read more

Apartment Completions Rise Resulting in Slower Absorption Rates

The percentage of new apartment units that were absorbed within three months of completion rose from 50% to 55% in the second quarter of 2024, according to the Census Bureau’s latest release of the Survey of Market Absorption of New Multifamily Units (SOMA). The survey covers new units in multifamily residential buildings with five or…

Read more