National Association of Home Builders Economic Research Blog

Existing Home Sales Fell in March
Existing Home Sales Fell in March
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Existing home sales fell to a nine-month low in March as tight inventory, rising mortgage rates and growing concerns about the job market constrained sales activity. While inventory has improved ...
2025 Regional and State-Level GDP Data
2025 Regional and State-Level GDP Data
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In 2025, the Bureau of Economic Analysis (BEA) reported that real gross domestic product (GDP) expanded nationally, with growth recorded across all states and the District of Columbia. The increase ...
State-Level Employment Situation: January 2026
State-Level Employment Situation: January 2026
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The U.S. labor market began the year on firmer footing, with job growth rebounding in January after a subdued performance in 2025. Employment gains were widespread across most states, though ...
Inflation Surged to a Nearly Two-Year High in March
Inflation Surged to a Nearly Two-Year High in March
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Consumer prices surged to a nearly two-year high in March, driven by a spike in energy costs following the onset of the Iran war. This is the first CPI report ...
Remodeling Market Sentiment Edges Down but Remains Positive in First Quarter
Remodeling Market Sentiment Edges Down but Remains Positive in First Quarter
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In the first quarter of 2026, the NAHB/Westlake Royal Remodeling Market Index (RMI) posted a reading of 62, down two points compared to the previous quarter. Despite this decline, the overall reading ...
Remodelers Saw Profit Margin Gains in 2024
Remodelers Saw Profit Margin Gains in 2024
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Profitability for residential remodelers reached its highest level in more than two decades in 2024. Industry-wide profit benchmarks are important because they allow companies to evaluate their financial performance in ...
Rising Rates Weigh on Mortgage Activity
Rising Rates Weigh on Mortgage Activity
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Mortgage application activity decreased month-over-month as the 30-year fixed mortgage rate rose. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, declined 4.3% from ...
Which States and Construction Trades Depend the Most on Immigrant Workers?
Which States and Construction Trades Depend the Most on Immigrant Workers?
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Immigrants’ share of the construction workforce reached a record high in 2024, with foreign-born workers accounting for more than a quarter of the industry’s labor force (26.3%). The share is ...
Job Growth Rebounds in March
Job Growth Rebounds in March
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The U.S. labor market showed signs of a modest rebound in March following a weak February, as payroll employment increased and the unemployment rate edged down to 4.3%. Job growth ...
Iran Conflict Reverses Decline in Mortgage Rates
Iran Conflict Reverses Decline in Mortgage Rates
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Mortgage rates, which dipped below 6% in February, climbed back up to end the month just under 6.4%. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.18% in March, ...
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Professionals in the housing industry know that demography and housing are closely related. The total number of households and their respective forms are fundamental drivers of housing demand. With this in mind, we thought it would be interesting to take a quick look at the...

The homebuyer tax credit program is in the past for the housing industry. But we can begin to take a look back at the impact of the program using Internal Revenue Service data from 2009 to map where the tax credit was claimed by homebuyers....

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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