National Association of Home Builders Economic Research Blog

New Home Sales Decline in January on Weather Disruptions
New Home Sales Decline in January on Weather Disruptions
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New home sales declined in January, reflecting typical monthly volatility as well as weather-related disruptions. On a three-month moving average basis, sales remain broadly in line with a year ago, ...
Fourth Quarter 2025 Multifamily Construction Data
Fourth Quarter 2025 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 fourth quarter of 2025. For the quarter, 96,000 multifamily residences started ...
Holding Pattern Continues for the Fed
Holding Pattern Continues for the Fed
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The Fed continued its current pause for rate reductions at the conclusion of the March meeting of the Federal Open Market Committee, the central bank’s monetary policy body. The Fed ...
Building Material Price Growth Remains Entrenched Above 3%
Building Material Price Growth Remains Entrenched Above 3%
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Residential building material price growth accelerated in February after slowing a month prior, according to the latest Producer Price Index release from the Bureau of Labor Statistics. Since the BLS ...
Lumber Imports and Employment Fall
Lumber Imports and Employment Fall
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U.S. sawmill production was unchanged in the third quarter according to the Federal Reserve G.17 Industrial Production report. Utilization rates for sawmills and wood preservation industries remained near 70% despite ...
Best Year for Missing Middle Construction Since 2007
Best Year for Missing Middle Construction Since 2007
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While not a huge jump, 2025 featured the highest construction volume for multifamily missing middle housing starts. The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and ...
Builder Sentiment Inches Higher but Affordability Concerns Persist
Builder Sentiment Inches Higher but Affordability Concerns Persist
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Builder sentiment inched up in March even as builders continue to express affordability concerns stemming from elevated construction costs and shortages of buildable lots and labor. Builder confidence in the ...
Small Gains for New Single-Family Home Size
Small Gains for New Single-Family Home Size
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New single-family home size had been falling since 2015 in response to declining affordability conditions. An exception occurred in 2021, when new home size increased as interest rates reached historic ...
Flat Conditions for Open Construction Jobs
Flat Conditions for Open Construction Jobs
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The number of open positions in construction in January was flat year-over-year, per the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open jobs ...
Custom Home Building Expanded in 2025
Custom Home Building Expanded in 2025
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In a year that saw a more than 6% decline for overall single-family housing starts, custom home building posted a gain. The custom building market is less sensitive to the ...
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As we enter into the last week of the 2010 tax filing season, it is a good time to look at some basic statistics concerning how construction firms, including home builders, organize for tax purposes and how much revenue they pay to the federal government....

The Government Accountability Office has released a report tallying the number of homebuyers benefitting from the homebuyer tax credit. The numbers are still incomplete as the IRS continues to process submitted claims. Further, some homebuyers will not claim the credit until the end of the...

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