National Association of Home Builders Economic Research Blog
Existing Home Sales Increased in May
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Existing home sales rose to a five-month high in May as more first-time buyers stepped back into the market. The share of first-time buyer reached 35% in May, the highest ...
Mortgage Applications Retreat in May, with ARMs Gaining Share
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Mortgage application activity declined again in May as higher mortgage rates continued to suppress the market, although adjustable-rate mortgages (ARM) gained some traction. According to the Mortgage Bankers Association’s (MBA) ...
U.S. Labor Market Remains Resilient in May
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Despite rising inflation and ongoing economic uncertainty, the U.S. labor market remained resilient in May. Nonfarm payrolls increased for the third consecutive month, and the unemployment rate held steady at ...
Mortgage Rates Increase Further as Inflation Remains Elevated
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Mortgage rates continued to increase in May as inflation accelerated. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.41% in May, up 7 basis points (bps) over April. Since ...
Highest Paid Occupations in Construction in 2025
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The median wage of payroll workers in construction was $61,370 in 2025, with the top 25% earning at least $83,480. In comparison, the U.S. median annual wage was $50,980, while ...
House Price Appreciation by State and Metro Area in the First Quarter of 2026
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U.S. house prices continued to rise in the first quarter of 2026, but appreciation slowed markedly from the rapid pace seen during the pandemic-era housing boom. Higher mortgage rates, persistent ...
State-Level Employment Situation: April 2026
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State labor market conditions remained generally positive in April, with most states recording employment gains despite signs of moderating national job growth. Construction employment also posted modest gains across much ...