National Association of Home Builders Economic Research Blog

State-Level Employment Situation: August 2026
State-Level Employment Situation: August 2026
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State labor markets showed mixed results in August, with nonfarm payroll employment increasing in a majority of states. At the same time, construction employment posted a net gain nationally, although ...
Single-Family Starts Rebound but Market Challenges Persist
Single-Family Starts Rebound but Market Challenges Persist
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Single-family housing starts rebounded in August, but production remains down 4.7% year to date as builders contend with rising construction costs, lot and labor shortages, and economic uncertainty. Overall housing ...
With Inflation Uptick, Fed Hikes and Signals More to Come
With Inflation Uptick, Fed Hikes and Signals More to Come
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The Federal Reserve raised the federal funds rate by 25 basis points at the conclusion of its September policy meeting, bringing the target range to 3.75% to 4%. The decision ...
Builder Sentiment Falls on Higher Interest Rates and Costs
Builder Sentiment Falls on Higher Interest Rates and Costs
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Higher mortgage rates, worsening labor shortages and rising material costs are weighing on builder sentiment. Builder confidence in the market for newly built single-family homes fell three points to 32 ...
Single-Family Permitting Declines Through July as Multifamily Activity Remains Stronger
Single-Family Permitting Declines Through July as Multifamily Activity Remains Stronger
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Single-family permitting activity continued to weaken through the first seven months of 2026, while multifamily permitting remained stronger compared with the same period last year. Although single-family permits declined in ...
Women’s Share of Construction Workforce Reaches 20-Year High in 2025
Women’s Share of Construction Workforce Reaches 20-Year High in 2025
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In 2025, the number of women employed in the construction industry rose to around 1.37 million, an increase of about 31,000 from 2024. Women accounted for 11.3% of total construction ...
Value of Household Real Estate Assets Approaches $50 Trillion
Value of Household Real Estate Assets Approaches $50 Trillion
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The market value of households’ real estate assets rose in the second quarter, reaching $49.8 trillion, according to the most recent release of U.S. Federal Reserve Z.1 Financial Accounts. This ...
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