National Association of Home Builders Economic Research Blog
Gains for Household Real Estate Assets
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The market value of households’ real estate assets rose to a new high in the first quarter reaching $48.7 trillion, according to the most recent release of U.S. Federal Reserve ...
A Laconic Statement: Hawkish Hold and New Plans from the Fed
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With a new Fed Chair and plans for evolving operating strategies, the Federal Reserve maintained its target policy rate at the conclusion of the June Federal Open Market Committee (FOMC) ...
Housing Starts Weaken in May as Multifamily Construction Slows
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Housing starts fell sharply in May, driven by a steep drop in multifamily construction. Meanwhile, single-family buildings also slipped amid high interest rates, rising construction costs and ongoing labor shortages. ...
Builder sentiment remains subdued as rising material costs, elevated mortgage rates and ongoing affordability challenges continue to strain the housing market. Builder confidence in the market for newly built single-family ...
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
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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
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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, ...