National Association of Home Builders Economic Research Blog

Mortgage Rates Continue to Trend Lower in November
Mortgage Rates Continue to Trend Lower in November
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The average mortgage rate in November continued to trend lower to its lowest level in over a year. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.24% in November, ...
Number of Bathrooms in New Single-Family Homes in 2024
Number of Bathrooms in New Single-Family Homes in 2024
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Single-family homes started in 2024 typically had two full bathrooms, according to the U.S. Census Bureau’s Annual Survey of Construction. Homes with three full bathrooms continued to have the second ...
House Price Appreciation by State and Metro Area: Third Quarter 2025
House Price Appreciation by State and Metro Area: Third Quarter 2025
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House prices continued to rise in the third quarter of 2025, though the pace of growth slowed as elevated mortgage rates, affordability challenges, and persistent economic uncertainty weighed on consumer ...
Single-Family Construction Loan Volume Rises in the Third Quarter
Single-Family Construction Loan Volume Rises in the Third Quarter
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Single-family construction lending picked up in the third quarter, amidst the overall cooling lending environment. Loan balances for 1-4 family construction grew to $91.2 billion in the third quarter, registering ...
About 7% of New Homes Are Teardowns
About 7% of New Homes Are Teardowns
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In 2024, 6.9% of new single-family detached homes were teardowns (structures torn down and rebuilt in older neighborhoods), and another 20.1% were built on infill lots in older neighborhoods, according ...
Property Taxes by State – 2024
Property Taxes by State – 2024
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Nationally, across the 87 million owner-occupied homes in the U.S., the average amount of annual real estate taxes paid in 2024 was $4,271, according to NAHB analysis of the 2024 ...
Share of New Homes with Decks Edges Lower
Share of New Homes with Decks Edges Lower
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The share of new homes with decks edged down from 17.6% in 2023 to a new all-time low of 17.4% in 2024, according to NAHB tabulation of data from the ...
Building Material Prices Continued to Rise in September
Building Material Prices Continued to Rise in September
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Aggregate residential building material prices rose at their fastest pace since January 2023 in the latest Producer Price Index release from the Bureau of Labor Statistics. Input energy prices increased ...
Where Renters and Owners Face the Highest Cost Burdens
Where Renters and Owners Face the Highest Cost Burdens
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The housing affordability crisis continues to disproportionately affect renters, with more than half of renter households experiencing high-cost burdens — i.e., paying 30% or more of their income on rent ...
September Jobs Report Highlights a Cooling but Still Growing Labor Market
September Jobs Report Highlights a Cooling but Still Growing Labor Market
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The long-delayed September jobs report revealed that the U.S. economy added 119,000 jobs while the unemployment rate climbed to its highest level in nearly four years. Combined with downward revisions ...
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