National Association of Home Builders Economic Research Blog

State-Level Employment Situation: July 2026
State-Level Employment Situation: July 2026
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The labor market continued to lose momentum in July, with total nonfarm payroll employment declining nationally and employment gains becoming more limited across states. While overall employment fell by 23,000 ...
Second Quarter Declines for Single-Family Built-to-Rent
Second Quarter Declines for Single-Family Built-to-Rent
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Single-family built-for-rent (SFBFR, or built-to-rent (BTR)) construction fell back in the second quarter of 2026, as a higher cost of financing, increased multifamily supply and policy concerns over Congressional legislation ...
Housing Affordability Worsens on Higher Mortgage Rates
Housing Affordability Worsens on Higher Mortgage Rates
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After three consecutive quarters of modest improvement, housing affordability worsened in the second quarter as higher mortgage rates, rising construction costs and economic uncertainty weighed on the market, according to ...
Short-Term Townhouse Construction Weakness
Short-Term Townhouse Construction Weakness
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Second quarter 2026 data reveal softer conditions for townhouse construction as housing affordability challenges affect homebuyer demand, particularly in larger metropolitan markets. According to NAHB analysis of the most recent ...
Flat Conditions for Custom Home Building
Flat Conditions for Custom Home Building
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With overall single-family construction down almost 7% for the first seven months of 2026, custom home building has been a relative bright spot for the residential construction industry. The custom ...
Housing Starts Retreat on Market Headwinds
Housing Starts Retreat on Market Headwinds
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Housing starts fell in July as economic uncertainty, rising construction costs, labor shortages and elevated financing expenses continued to challenge builders. Overall housing starts decreased 12.4% in July to a ...
Cash Purchases of New Homes Fall to Lowest Share Since 2007
Cash Purchases of New Homes Fall to Lowest Share Since 2007
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New home sales rose in the second quarter but were lower than a year ago, according to the U.S. Census Bureau New Residential Sales release. The share of homes purchased ...
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