National Association of Home Builders Economic Research Blog
Housing’s Share of GDP Dips Below 16% for First Time Since 2019
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Housing’s share of the economy was 15.9% in the first quarter of 2026, according to the latest estimates of GDP produced by the Bureau of Economic Analysis. This share is ...
U.S. Economy Rebounded in the First Quarter of 2026
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Real GDP growth accelerated in the first quarter of 2026, rebounding from a weak finish at the end of 2025, as government spending recovered following a disruptive shutdown. First-quarter growth ...
Powell’s Chair Ends but He Keeps His Board Seat
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The April meeting of the Fed’s monetary policy committee featured a lot of institutional news for a month in which the Fed kept monetary policy unchanged. The outlook for the ...
Home Building Shows Signs of Stabilization with Monthly Gain in Starts
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Housing construction activity strengthened in March, with a notable rebound in both single-family and multifamily starts, signaling improved builder activity despite ongoing headwinds from financing costs and affordability constraints. While ...
Homeownership Rate Edges Down to 65.3%
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The latest homeownership rate declined to 65.3% in the first quarter of 2026, according to the Census’s Housing Vacancy Survey (HVS). While this was a modest quarterly decrease, the broader ...
The Silver Tsunami Isn’t Landing Where It’s Needed Most
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The “silver tsunami” refers to the wave of housing inventory expected as older homeowners downsize or transition out of their homes. According to the latest American Community Survey, there are ...
State-Level Employment Situation: February 2026
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February’s labor market data point to a notable pullback in employment, with job losses concentrated across a majority of states and only modest gains elsewhere. While January showed solid momentum, ...
