National Association of Home Builders Economic Research Blog

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 ...
Construction Job Openings Increased in November
Construction Job Openings Increased in November
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The count of open, unfilled positions in the construction industry increased in November, per the delayed Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of ...
Mortgage Rates End 2025 at the Lowest Level of the Year
Mortgage Rates End 2025 at the Lowest Level of the Year
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Long-term mortgage rates have been declining since mid- 2025 and ended the year at their lowest level since September 2024. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.19% ...
Housing Share of GDP: Third Quarter 2025
Housing Share of GDP: Third Quarter 2025
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Housing’s share of the economy was 16.1% in the third quarter of 2025, according to the latest estimates of GDP produced by the Bureau of Economic Analysis. This share is ...
Strong Economic Growth for Third Quarter
Strong Economic Growth for Third Quarter
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A belated GDP report shows that the U.S. economy expanded at a strong pace in the third quarter–July through September–before signs of cooling appeared in the labor market and consumer ...
Top Posts – The Power of Women in the Workforce
Top Posts – The Power of Women in the Workforce
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Over the past 125 years, women have played a crucial and multifaceted role in the labor force. Increasing women’s participation in the workforce is not only essential for individual and ...
Top Posts – Lower Mortgage Rates, Better Affordability
Top Posts – Lower Mortgage Rates, Better Affordability
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As housing affordability remains a critical challenge across the country, mortgage rates continue to play a central role in shaping homebuying power. Mortgage rates stayed elevated throughout 2023 and early ...
Top Posts – Residential Remodelers Outnumber Single-family Builders in the U.S.
Top Posts – Residential Remodelers Outnumber Single-family Builders in the U.S.
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The number of residential remodelers in the U.S. has reached a record high of 128,187 establishments, 65% higher than the number of residential builders (single-family and multifamily), which stands at ...
Top Posts – U.S. Population Grows at Highest Rate Since 2001
Top Posts – U.S. Population Grows at Highest Rate Since 2001
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According to the U.S. Census Bureau’s latest estimates, the U.S. resident population grew by 3,304,757 to a total population of 340,110,988. The population grew at a rate of 0.98%, the ...
Top Posts – States with Highest and Fastest Rising Construction Wages, 2025
Top Posts – States with Highest and Fastest Rising Construction Wages, 2025
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Wage growth in construction continued to decelerate in April on a national basis, but the differences across regional markets remain stark. Nationally, average hourly earnings (AHE) in construction increased 3.6% ...
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