New Home Sales Rose in November
In November 2024, the U.S. housing market experienced a significant boost, with sales of new single-family homes reaching a seasonally adjusted annual rate of 664,000, according to newly released data…
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Existing Home Sales Increase in November
Despite higher mortgage rates and elevated home prices, existing home sales jumped to an 8-month high in November, marking the second month of annual increase in more than three years,…
Fed Cuts But Signals Slowing Pace of Easing Ahead
In a widely anticipated move, the Federal Reserve’s Federal Open Market Committee (FOMC) reduced the short-term federal funds rate by an additional 25 basis points at the conclusion of its…
Builder Confidence Steady but Signs of Future Optimism in 2025
Builder sentiment held steady to end the year as high home prices and mortgage rates offset renewed hope about a better regulatory business climate in 2025. Along those lines, builders…
Import Data for Residential Construction Materials
NAHB estimates that $184 billion worth of goods were used in the construction of both new multifamily and single-family housing in 2023. Additionally, we estimate that $13 billon of those…
Employment Growth Rebounds in November
…higher than previously reported. In the first eleven months of 2024, 1,984,000 jobs were created. Additionally, monthly employment growth averaged 180,000 per month, compared to the 251,000 monthly average gain…
All-Cash Sales and Prices Decline in the Third Quarter
All-cash purchases accounted for 7.9% of new home sales in the third quarter of 2024, marking the highest level this year but lowest level for the third quarter since 2022,…