National Association of Home Builders Economic Research Blog
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 ...
Existing Home Sales Rise in October
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Existing home sales rose to an eight-month high in October as buyers took advantage of lower mortgage rates, according to the National Association of Realtors (NAR). Resale inventory improved from ...
Affordability Impacts: Young Adults Are Once Again Moving Back Home
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The share of young adults living with parents increased in 2024, interrupting the post-pandemic trend of moving out of parental homes. Nearly a third (32.5%) of adults ages 18-34 lived ...
Location, Location, Location: How Place and Neighborhood Shape Home Values
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The value of a single-family home depends not only on its physical features but also on its location and neighborhood context. In this second part of our two-part series, we ...
Builder Sentiment Relatively Flat in November as Market Headwinds Persist
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Market uncertainty exacerbated by the government shutdown along with economic uncertainty stemming from tariffs and rising construction costs kept builder confidence firmly in negative territory in November. Builder confidence in ...
August Private Residential Construction Spending Edges Higher
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Private residential construction spending inched up 0.8% in August, continuing steady growth since June 2025. This modest increase was primarily driven by more spending on multifamily construction and home improvements. However, total spending was 2% lower than a year ago, as the housing sector continues to navigate the economic uncertainty stemming from ongoing tariff concerns and elevated mortgage rates. According to ...
What Home Features Add the Most Value?
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The value of a single-family home is shaped by many factors, but its physical features remain among one of the most influential. Using the latest 2023 American Housing Survey (AHS), ...
Credit Conditions for Builders Continue to Be Tight
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Credit conditions on loans for residential Land Acquisition, Development & Construction (AD&C) were still tightening in the third quarter of 2025, according to NAHB’s quarterly survey on AD&C Financing. The ...
Unchanged Lending Conditions for Residential Mortgages in Third Quarter
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Lending standards for most types of residential mortgages were essentially unchanged, according to the recent release of the Senior Loan Officer Opinion Survey (SLOOS). For commercial real estate (CRE) loans, lending ...
Adjustable-Rate Mortgage Applications Rise
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All types of mortgage activity rose on a year-over-year basis in October, supported by recent declines in interest rates. Notably, adjustable-rate mortgage (ARM) applications more than doubled from a year ...
