National Association of Home Builders Economic Research Blog
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
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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
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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 ...
Consumer Credit Slowed in Q2
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In the second quarter of 2026, consumer credit growth slowed over the quarter and was lower than a year ago. According to the Federal Reserve’s G.19 Consumer Credit Report, total outstanding U.S. consumer credit reached $5.17 trillion in the second quarter of ...
Builder sentiment remains muted from economic and geopolitical uncertainty, elevated mortgage rates and rising construction costs. Builder confidence in the market for newly built single-family homes inched up one point ...
Single-Family Permitting Declines Through June in Contrast to Multifamily
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Single-family permitting activity continued to weaken through the first half of 2026, while multifamily permitting remained somewhat stronger compared with the same period last year. Over the first six months ...
Cost of Credit for Builders Up Since the End of 2025
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Credit conditions on loans for residential Land Acquisition, Development & Construction (AD&C) were still tightening in the second quarter of 2026, according to NAHB’s quarterly survey on AD&C Financing. The ...