National Association of Home Builders Economic Research Blog
How Housing Affordability Conditions Vary Across States and Metro Areas
Posted on
The NAHB 2026 priced-out estimates show that the housing affordability challenge is widespread across the country. In 39 states and the District of Columbia, over 65% of households are priced ...
Builder Sentiment Edges Lower on Affordability Concerns
Posted on
Builder confidence in the market for newly built single-family homes fell one point to 36 in February, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index ...
How Rising Costs Affect Home Affordability
Posted on
Housing affordability remains a critical issue, with 65% of U.S. households unable to afford a median-priced new home in 2026. When mortgage rates are elevated, even a small increase in ...
Cost of Credit for Builders & Developers at Its Lowest Since 2022
Posted on
The cost of credit for residential construction and development declined in the fourth quarter of 2025, according to NAHB’s quarterly survey on Land Acquisition, Development & Construction (AD&C) Financing. In ...
Inflation Eased in January
Posted on
Inflation eased to an eight-month low in January, confirming a continued downward trend. Though most Consumer Price Index (CPI) components have resolved shutdown-related distortions from last fall, the shelter index ...
Existing Home Sales Retreat Amid Low Inventory
Posted on
Existing home sales fell in January to a more than two-year low after December’s strong rebound, as tight inventory continued to push home prices higher and winter storms weighed on ...
Residential Building Worker Wages Slow in 2025 Amid Cooling Housing Activity
Posted on
Wage growth for residential building workers moderated notably in 2025, reflecting a broader cooling in housing activity and construction labor demand. According to the latest data from the U.S. Bureau ...
Low-Rise Multifamily Shows Strength at End of 2025; Other Segments Weak
Posted on
Even though garden/low-rise continues to be strong, overall confidence in the market for new multifamily housing decreased year-over-year in the fourth quarter, according to the Multifamily Market Survey (MMS) released ...
Job Growth Starts Year on Strong Note: However, 2025 Revisions Offer Caution
Posted on
The U.S. labor market began 2026 at a surprisingly strong pace, while newly released benchmark revisions show that job growth in 2025 was considerably weaker than previously reported. Nonfarm payrolls ...
Credit Card Balances Rise in Q4 2025
Posted on
Overall consumer credit continued to expand in the fourth quarter of 2025, with growth in both nonrevolving and revolving credit. Nonrevolving credit, primarily student and auto loans, accounts for 74% ...
