National Association of Home Builders Economic Research Blog
Property Taxes by State – 2024
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Nationally, across the 87 million owner-occupied homes in the U.S., the average amount of annual real estate taxes paid in 2024 was $4,271, according to NAHB analysis of the 2024 ...
Share of New Homes with Decks Edges Lower
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The share of new homes with decks edged down from 17.6% in 2023 to a new all-time low of 17.4% in 2024, according to NAHB tabulation of data from the ...
Building Material Prices Continued to Rise in September
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Aggregate residential building material prices rose at their fastest pace since January 2023 in the latest Producer Price Index release from the Bureau of Labor Statistics. Input energy prices increased ...
Where Renters and Owners Face the Highest Cost Burdens
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The housing affordability crisis continues to disproportionately affect renters, with more than half of renter households experiencing high-cost burdens — i.e., paying 30% or more of their income on rent ...
September Jobs Report Highlights a Cooling but Still Growing Labor Market
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The long-delayed September jobs report revealed that the U.S. economy added 119,000 jobs while the unemployment rate climbed to its highest level in nearly four years. Combined with downward revisions ...
Existing Home Sales Rise in October
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Existing home sales rose to an eight-month high in October as buyers took advantage of lower mortgage rates, according to the National Association of Realtors (NAR). Resale inventory improved from ...
Affordability Impacts: Young Adults Are Once Again Moving Back Home
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The share of young adults living with parents increased in 2024, interrupting the post-pandemic trend of moving out of parental homes. Nearly a third (32.5%) of adults ages 18-34 lived ...
Location, Location, Location: How Place and Neighborhood Shape Home Values
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The value of a single-family home depends not only on its physical features but also on its location and neighborhood context. In this second part of our two-part series, we ...
Builder Sentiment Relatively Flat in November as Market Headwinds Persist
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Market uncertainty exacerbated by the government shutdown along with economic uncertainty stemming from tariffs and rising construction costs kept builder confidence firmly in negative territory in November. Builder confidence in ...
August Private Residential Construction Spending Edges Higher
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Private residential construction spending inched up 0.8% in August, continuing steady growth since June 2025. This modest increase was primarily driven by more spending on multifamily construction and home improvements. However, total spending was 2% lower than a year ago, as the housing sector continues to navigate the economic uncertainty stemming from ongoing tariff concerns and elevated mortgage rates. According to ...
