National Association of Home Builders Economic Research Blog
Wage Growth for Residential Building Workers Continues to Cool
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Wage growth for residential building workers continued to lose momentum in the second quarter of 2026, reflecting softer housing construction activity and weaker labor demand. According to the latest data ...
Three States Drive Over 20% of Remodeling Activity
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The National Association of Home Builders (NAHB) has released its State Projections of Remodeling (SPR) for the first quarter of 2026. As a reminder, the SPR provides on a quarterly ...
U.S. Labor Market Softens in July
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The U.S. labor market weakened in July, with nonfarm payrolls down 23,000 and downward revisions cutting another 103,000 jobs from May and June. Although the unemployment rate edged lower to ...
Multifamily Developer Confidence Weakens in Second Quarter
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Confidence in the market for new multifamily housing weakened year-over-year in the second quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The ...
Mortgage Rates Climb Again as Iran Conflict Re-escalates
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Re-escalation of the conflict in Iran pushed mortgage rates higher in July. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.54% in July, up 5 basis points (bps) over ...
U.S. Economy Expanded at a Slower Pace in the Second Quarter of 2026
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Real GDP growth slowed in the second quarter of 2026, as a pullback in government spending and slower growth in investment and exports, more than offset stronger consumer spending. Business ...
Construction Job Openings Rising
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The number of open positions in the construction sector increased in June, per the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open jobs ...
