National Association of Home Builders Economic Research Blog

2025 New Single-Family Starts by Census Division
2025 New Single-Family Starts by Census Division
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Persistently high mortgage rates, elevated costs for builders, and ongoing supply-side constraints continued to weigh on single-family construction in 2025. According to the NAHB analysis of the 2025 Survey of ...
Existing Home Sales Slowed in June
Existing Home Sales Slowed in June
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After reaching a five-month high last month, existing home sales pulled back in June as record-high home prices and elevated mortgage rates weighed on buyers. This monthly volatility reflects the ...
Remodeling Market Sentiment Remains in Positive Territory in Second Quarter
Remodeling Market Sentiment Remains in Positive Territory in Second Quarter
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In the second quarter of 2026, the NAHB Remodeling Market Index (RMI) posted a reading of 61, down one point compared to the previous quarter. The RMI has remained in the ...
Mortgage Activity Flat in June, ARM Share Decreases
Mortgage Activity Flat in June, ARM Share Decreases
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Mortgage applications stalled in June as higher mortgage rates dampened market activity. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, stayed relatively unchanged ...
Characteristics of Homes in Age-Restricted Communities 
Characteristics of Homes in Age-Restricted Communities 
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In 2025, approximately 47,000 homes were built in age-restricted communities, representing 3.45% of all housing starts. According to the Census Bureau’s Survey of Construction, roughly two-thirds of these homes (30,000) were single-family units, while the remaining 17,000 were multifamily units.  In 2009, during ...
Residential Construction Employment Concentrated in Rural and Smaller-Market Counties
Residential Construction Employment Concentrated in Rural and Smaller-Market Counties
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Residential construction employment continued to soften in recent months, reflecting elevated interest rates, ongoing affordability challenges, and slower home building activity. Over the last 12 months, residential construction employment has ...
Top Ten Builder Market Share Falls in 2025
Top Ten Builder Market Share Falls in 2025
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The top ten builders accounted for 43.6% of all new U.S. single-family home closings in 2025, down 1.2 percentage points from 2024 (44.8%), based on BUILDER magazine data. The 2025 ...
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