The National Association of Home Builders' Blog for Economic Research
Refinancing Activity Surges in September
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Refinancing activity surged in September, marking the largest monthly increase since the COVID-era of ultra-low interest rates. This increase followed mortgage rates dropping below 6.5% for the first time since ...
Minority-Owned Residential Building Firms Continue to Rise
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The share of minority-owned new residential builders and remodelers has more than doubled since the Great Recession, with noticeable gains from 2017 to 2022. Nevertheless, when compared to the overall ...
Shorter Apartment Construction Time in 2024
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The average time needed to complete construction of a multifamily building after obtaining authorization edged down in 2024, according to the 2024 Survey of Construction (SOC) from the Census Bureau. ...
Supply-Side Cost Pressures Drove Housing as Inflation Leader in 2024
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Though the rate of inflation peaked in June 2022, consumer prices continued to increase throughout 2023 and 2024 as inflation drove further price growth, according to 2024 CPI review from ...
Square Foot Prices Moderate in 2024
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Median square foot prices for new single-family detached (SFD) homes started in 2024 grew modestly, according to NAHB’s analysis of the latest Survey of Construction (SOC) data. For custom, or ...
17% of NAHB Builders Built Age-Restricted Housing in 2024
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Only 17% of NAHB builder members build age-restricted housing for people age 55 or older, according to 2024 Member Census. This is up two percentage points from the previous year. ...
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