National Association of Home Builders Economic Research Blog
Existing Home Sales Edged Up Slightly in April
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Existing home sales edged up in April after reaching a nine-month low in March, but sales remained at historically low levels. Elevated mortgage rates and reignited inflation driven by the ...
Residential Building Worker Wages Remain Soft in Early 2026 Amid Slower Housing Activity
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Wage growth for residential building workers remained subdued during the first quarter of 2026, reflecting continued softness in housing construction activity and easing labor demand. According to the latest data ...
U.S. Economy Adds 115,000 Jobs in April
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The U.S. labor market continued to show resilience in April, with job growth persisting despite elevated interest rates and rising geopolitical uncertainty related to the Iran conflict. The unemployment rate ...
Mortgage Applications Retreats Further in April
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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 12.4% month-over-month ...
Private Residential Construction Spending Increases in March
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Private residential construction spending was up 1.7% in March 2026, following two straight months of declines. The increase was broad-based, with gains in single-family, multifamily construction, and home improvement spending. ...
Multifamily Developer Confidence Holds Steady in First Quarter
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Overall confidence in the market for new multifamily housing held steady year-over-year in the first quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders ...
State-Level Employment Situation: March 2026
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State labor market conditions showed modest improvement in March, with job gains concentrated in several large states and the construction sector continuing to expand. However, employment declines across a number ...