National Association of Home Builders Economic Research Blog

Lowest Saving Rate Since June 2022
Lowest Saving Rate Since June 2022
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Personal income was essentially unchanged in April 2026, following a 0.5% gain in March, according to the latest data from the Bureau of Economic Analysis. On a year-over-year basis, personal ...
New Home Sales Down in April on Affordability Concerns
New Home Sales Down in April on Affordability Concerns
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Elevated mortgage rates, higher inflation and economic uncertainty kept more buyers on the sidelines in April as ongoing affordability challenges continue. Sales of newly built single-family homes fell 6.2% in ...
Multifamily Missing Middle Construction: First Quarter 2026
Multifamily Missing Middle Construction: First Quarter 2026
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Multifamily missing middle construction declined at the start of 2026. The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. The multifamily segment ...
First Quarter 2026 Multifamily Construction Data
First Quarter 2026 Multifamily Construction Data
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According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts increased year-over-year during the first quarter of 2026. For the quarter, 107,000 multifamily residences started ...
Custom Home Building – A Bright Spot for Construction
Custom Home Building – A Bright Spot for Construction
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With overall single-family construction down 5% for the first four months of 2026, custom home building has been a relative bright spot. The custom building market is less sensitive to ...
Single-Family Built-to-Rent Slowed at Start of 2026
Single-Family Built-to-Rent Slowed at Start of 2026
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Single-family built-for-rent (or built-to-rent, BTR) construction fell back in the first quarter of 2026, as a higher cost of financing, increased multifamily supply and policy concerns over Congressional legislation related ...
Cyclical Weakness for Townhouse Construction
Cyclical Weakness for Townhouse Construction
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First quarter 2026 data reveal softer conditions for townhouse construction volume as housing affordability challenges affect homebuyer demand. According to NAHB analysis of the most recent Census data of Starts and ...
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