National Association of Home Builders Economic Research Blog
Inflation Steady Before War
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After months of downward trend, inflation held steady at an eight-month low in February. This report does not reflect the recent surge in oil prices due to Iran conflict beginning ...
Single-Family Permits End 2025 on a Soft Note
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Single-family permitting softened over the course of 2025 and finished the year weaker than the prior year. After showing some resilience in 2024, permitting activity gradually lost momentum as elevated ...
Existing Home Sales Rose in February
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Following the sharp decline last month, existing home sales bounced back in February as housing affordability improved. Lower mortgage rates and moderating home price growth helped pull buyers back to ...
Single-family construction lending fell in the fourth quarter, according to data released by the Federal Deposit Insurance Corporation (FDIC). The decline in the outstanding volume of acquisition, development and construction ...
Lower Mortgage Rates Boost Refinancing While Purchase Activity Slows
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Mortgage application activity increased month-over-month as the 30-year fixed mortgage rates reached a three-year low. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, ...
U.S. Economy Loses 92,000 Jobs in February
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The U.S. labor market weakened in February, as payroll employment declined and the unemployment rate rose to 4.4%. The cooling labor market could place the Federal Reserve in a challenging ...
Builders Identify Key Long-Term Forces Shaping Housing Demand and Industry Health
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Home builders are keenly aware of the complex long-term outlook ahead for the home building industry. A recent NAHB/Wells Fargo HMI survey asked builders to assess the impact of 14 ...
Affordability Posts Mild Gains in Second Half of 2025 but Crisis Continues
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Though new and existing homes remain largely unaffordable, the needle moved slightly in the right direction in the second half of 2025, according to the latest data from the National ...
Mortgage Rates Dipped Below 6% in February Amid Treasury Rally
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Mortgage rates continued to decline in February, dipping below 6% in the last week of February. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.05% last month, 5 basis ...
House Price Appreciation by State and Metro Area: Fourth Quarter 2025
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U.S. house prices continued to rise at the close of 2025, though the pace of growth has slowed compared with the rapid gains of previous years. Elevated mortgage rates, affordability ...