National Association of Home Builders Economic Research Blog
Second Quarter 2026 Multifamily Construction Data
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According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts increased year-over-year during the second quarter of 2026. For the quarter, 117,000 multifamily residences started ...
Cost of Materials Rises, Especially for Smaller Builders
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Material costs increased by 6.7% over the previous year, according to results from the survey for the July 2026 NAHB/Wells Fargo Housing Market Index (HMI). A large majority (72.9%) of ...
State-Level Employment Situation: July 2026
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The labor market continued to lose momentum in July, with total nonfarm payroll employment declining nationally and employment gains becoming more limited across states. While overall employment fell by 23,000 ...
Second Quarter Declines for Single-Family Built-to-Rent
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Single-family built-for-rent (SFBFR, or built-to-rent (BTR)) construction fell back in the second quarter of 2026, as a higher cost of financing, increased multifamily supply and policy concerns over Congressional legislation ...
Housing Affordability Worsens on Higher Mortgage Rates
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After three consecutive quarters of modest improvement, housing affordability worsened in the second quarter as higher mortgage rates, rising construction costs and economic uncertainty weighed on the market, according to ...
Short-Term Townhouse Construction Weakness
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Second quarter 2026 data reveal softer conditions for townhouse construction as housing affordability challenges affect homebuyer demand, particularly in larger metropolitan markets. According to NAHB analysis of the most recent ...
Flat Conditions for Custom Home Building
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With overall single-family construction down almost 7% for the first seven months of 2026, custom home building has been a relative bright spot for the residential construction industry. The custom ...
