National Association of Home Builders Economic Research Blog

U.S. Economy Adds 115,000 Jobs in April
U.S. Economy Adds 115,000 Jobs in April
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The U.S. labor market continued to show resilience in April, with job growth persisting despite elevated interest rates and rising geopolitical uncertainty related to the Iran conflict. The unemployment rate ...
Mortgage Applications Retreats Further in April
Mortgage Applications Retreats Further in April
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Mortgage application activity decreased month-over-month as the 30-year fixed mortgage rate rose. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, declined 12.4% month-over-month ...
Private Residential Construction Spending Increases in March
Private Residential Construction Spending Increases in March
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Private residential construction spending was up 1.7% in March 2026, following two straight months of declines. The increase was broad-based, with gains in single-family, multifamily construction, and home improvement spending. ...
Multifamily Developer Confidence Holds Steady in First Quarter
Multifamily Developer Confidence Holds Steady in First Quarter
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Overall confidence in the market for new multifamily housing held steady year-over-year in the first quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders ...
State-Level Employment Situation: March 2026
State-Level Employment Situation: March 2026
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State labor market conditions showed modest improvement in March, with job gains concentrated in several large states and the construction sector continuing to expand. However, employment declines across a number ...
Slight Rise for Open Construction Jobs in March
Slight Rise for Open Construction Jobs in March
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The number of open positions in the construction sector edged higher in March, per the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open ...
New Home Sales Rise, Supported by Limited Existing Inventory   
New Home Sales Rise, Supported by Limited Existing Inventory   
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The U.S. housing market showed mixed but generally improving conditions in March, as new home sales strengthened and price pressures continued to ease. While inventory dynamics varied across segments, moderating ...
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