National Association of Home Builders Economic Research Blog

Single-Family Permits Continue to Decline Through April as Multifamily Activity Strengthens
Single-Family Permits Continue to Decline Through April as Multifamily Activity Strengthens
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Through April 2026, residential construction activity remained uneven across housing sectors. Single-family permitting continued to soften compared with a year ago, reflecting persistent affordability challenges and elevated borrowing costs, while ...
Residential Building Material Prices Rise at Highest Rate In Over Three Years
Residential Building Material Prices Rise at Highest Rate In Over Three Years
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Wholesale prices of goods used in residential construction rose in May as energy prices continued to climb. In May, residential building material prices, excluding energy, rose at their highest yearly ...
Inflation Surpassed 4% in May
Inflation Surpassed 4% in May
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Inflation accelerated to a new three-year high in May, driven by continued increases in energy costs from the Iran war. Energy costs drove more than 60% of the monthly increase, ...
Home Building Regulatory Cost Burdens Increased 40% from 2021 to 2026
Home Building Regulatory Cost Burdens Increased 40% from 2021 to 2026
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A new NAHB study shows that, on average, regulations imposed by government at all levels account for $131,734, or 26.4%, of the final price of a new single-family home built ...
Existing Home Sales Increased in May
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
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
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 ...
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