National Association of Home Builders Economic Research Blog
Housing’s Share of GDP Declined Further at the End of 2025
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Housing’s share of the economy was 16.0% in the fourth quarter of 2025, according to the latest estimates of GDP produced by the Bureau of Economic Analysis. This share is ...
Young Adult Headship Rates in 2024: Cyclical Slip or New Equilibrium?
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Reversing the post-pandemic rebound, the headship rates among young adults (the share of the population heading their own households) declined in 2024, according to NAHB’s analysis of the American Community ...
A 25-Basis-Point Decline in the Mortgage Rate Prices-In 1.42 Million Households
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Housing affordability remains a critical challenge nationwide, and mortgage rates continue to play a central role in shaping homebuying power. Although rates have declined from the recent peak of about ...
New Home Sales Close 2025 with Modest Gains
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New home sales ended 2025 on a mixed but resilient note, signaling steady underlying demand despite ongoing affordability and supply constraints. The latest data released today (and delayed because of ...
U.S. Economy Ends 2025 on a Slower Note
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Real GDP growth slowed sharply in the fourth quarter of 2025 as the historic government shutdown weighed on economic activity. While consumer spending continued to drive growth, federal government spending ...
Delinquency Rates Normalize While Credit Card and Student Loan Stress Worsens
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Delinquent consumer loans have steadily increased as pandemic distortions fade, returning broadly to pre-pandemic levels. According to the latest Quarterly Report on Household Debt and Credit from the Federal Reserve ...
Overall Housing Starts Inch Lower in 2025
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Despite a strong finish in December, single-family home building dipped in 2025 as persistent affordability challenges continued to weigh on the market. Total housing starts for 2025 were 1.36 million, ...
How Housing Affordability Conditions Vary Across States and Metro Areas
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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
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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
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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 ...