National Association of Home Builders Economic Research Blog

Remodeling Market Sentiment Remains Stable in Third Quarter Despite Headwinds
Remodeling Market Sentiment Remains Stable in Third Quarter Despite Headwinds
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In the third quarter of 2026, the NAHB Remodeling Market Index (RMI) posted a reading of 62, up one point compared to the previous quarter. The RMI has remained within a narrow ...
ARM Share Increased as Mortgage Rates Spiked
ARM Share Increased as Mortgage Rates Spiked
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Mortgage application activity declined as the 30-year fixed mortgage rate rose sharply. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, decreased 7.7% month-over-month ...
Mortgage Rates Rise as Treasury Yields Top 5%
Mortgage Rates Rise as Treasury Yields Top 5%
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Mortgage rates rose sharply in September as multiple factors applied significant upward pressure on the U.S. treasury yields. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.86% in September, ...
Two-Story Foyer Share Edges Up in 2025
Two-Story Foyer Share Edges Up in 2025
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In 2025, around a quarter of new homes were built with a two-story foyer, slightly up from 2024, according to data obtained from the Census Bureau’s Survey of Construction (SOC) ...
Trade Contractors Account for 42% of Associate Members
Trade Contractors Account for 42% of Associate Members
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Every year since 2008, the NAHB has conducted a member census in order to better understand the composition and characteristics of the people who belong to its organization. Similar to ...
U.S. Economy Adds 29,000 Jobs in September as Prior Months Are Revised Down
U.S. Economy Adds 29,000 Jobs in September as Prior Months Are Revised Down
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The U.S. labor market cooled in September, with nonfarm payroll employment increasing by just 29,000 as downward revisions erased most of August’s previously reported strength. The unemployment rate edged up ...
Private Residential Construction Spending Posts Broad-Based Gains in August
Private Residential Construction Spending Posts Broad-Based Gains in August
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Private residential construction spending rose in August 2026 following a series of declines during the second quarter of the year. According to the latest construction spending data from the U.S. ...
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Trying to fill the void that was created in 2001 when the Residential Finance Survey (RFS) was discontinued, the US Census Bureau started collecting data on financial, physical and other characteristics of multifamily rental housing properties through its newly designed Rental Housing Finance Survey (RHFS)....

Loan limits for mortgages backed by the Federal Housing Administration (FHA) were scheduled to fall in 2014 due to the expiration of increased limits set during the housing crisis. However, the magnitude of change for the published limits has caught many by surprise. Stimulus legislation established higher...

A new research paper from NAHB Economics investigates how immigrants affect US housing demand.  The study analyzes recent data from the American Community Survey (ACS) that has detailed information on the country of origin, age, family status and housing choices of newly arrived immigrants. The...

Professionals in the housing industry know that demography and housing are closely related. The total number of households and their respective forms are fundamental drivers of housing demand. With this in mind, we thought it would be interesting to take a quick look at the geographic distribution...

The homebuyer tax credit program is in the past for the housing industry. But we can begin to take a look back at the impact of the program using Internal Revenue Service data from 2009 to map where the tax credit was claimed by homebuyers. As with the energy...

As we enter into the last week of the 2010 tax filing season, it is a good time to look at some basic statistics concerning how construction firms, including home builders, organize for tax purposes and how much revenue they pay to the federal government. We...

The Government Accountability Office has released a report tallying the number of homebuyers benefitting from the homebuyer tax credit. The numbers are still incomplete as the IRS continues to process submitted claims. Further, some homebuyers will not claim the credit until the end of the...

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