National Association of Home Builders Economic Research Blog

New Home Sales Rise Year-Over-Year as Prices Stabilize
New Home Sales Rise Year-Over-Year as Prices Stabilize
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The new home sector has played an increasingly important role in meeting housing demand as resale inventory remains constrained in many regions. The latest data released today (and delayed because ...
Inflation Steady in December
Inflation Steady in December
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Inflation held steady in December, matching November’s reading, according to the Bureau of Labor Statistics (BLS) latest report. This December report was the first report to include a month-to-month figure since ...
Household Real Estate Asset Values Fall in the Third Quarter
Household Real Estate Asset Values Fall in the Third Quarter
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The market value of household real estate assets fell to $48.0 trillion in the third quarter of 2025, according to the most recent release of U.S. Federal Reserve Z.1 Financial ...
Growth for Custom Home Building
Growth for Custom Home Building
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NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates year-over year growth for custom home builders amid broader single-family home building weakness. The custom ...
Townhouse Construction Share Gains Continue
Townhouse Construction Share Gains Continue
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Townhouse construction gained single-family construction market share during the third quarter of 2025. According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during ...
Job Growth Slowed as 2025 Ended
Job Growth Slowed as 2025 Ended
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Job growth continued to slow at the end of the year, reinforcing signs of a cooling labor market. Nonfarm payrolls increased by 50,000 jobs in December, while the unemployment rate ...
Residential Construction Softens Amid Ongoing Housing Market Headwinds
Residential Construction Softens Amid Ongoing Housing Market Headwinds
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The latest residential housing market report, delayed by the federal government shutdown last fall, indicates that builders have faced significant headwinds in recent months. Elevated mortgage rates earlier in the ...
Gains for Student Housing Construction in the Third Quarter of 2025 
Gains for Student Housing Construction in the Third Quarter of 2025 
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Private fixed investment for student dormitories was up 3.8% in the third quarter of 2025, reaching a seasonally adjusted annual rate (SAAR) of $3.9 billion. This gain followed three consecutive ...
Consumer Confidence Dropped to Lowest since Tariffs Introduced
Consumer Confidence Dropped to Lowest since Tariffs Introduced
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Consumer confidence in December fell to the lowest level since April’s tariff implementation, reflective of growing concerns about reignited inflation and a weakening labor market affecting personal finances. The labor ...
State-Level Employment Situation: November 2025
State-Level Employment Situation: November 2025
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In November 2025, employment levels were largely unchanged across all states, with year-over-year growth holding near 2%. In contrast, construction employment showed greater variation, with some states experiencing declines of ...
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