National Association of Home Builders Economic Research Blog

State-Level Employment Situation: May 2026
State-Level Employment Situation: May 2026
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State labor market conditions remained mixed in May, with payrolls expanding in many states while job losses were concentrated in a smaller group of states and the District of Columbia ...
Structural Demand Outpacing Supply: Jobs-to-Permits Ratios Highlight Housing Gap
Structural Demand Outpacing Supply: Jobs-to-Permits Ratios Highlight Housing Gap
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Strong labor market growth continued to put pressure on the nation’s housing supply in 2024, as home building activity did not fully keep pace with demand driven by job gains. ...
Gains for Household Real Estate Assets
Gains for Household Real Estate Assets
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The market value of households’ real estate assets rose to a new high in the first quarter reaching $48.7 trillion, according to the most recent release of U.S. Federal Reserve ...
A Laconic Statement: Hawkish Hold and New Plans from the Fed
A Laconic Statement: Hawkish Hold and New Plans from the Fed
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With a new Fed Chair and plans for evolving operating strategies, the Federal Reserve maintained its target policy rate at the conclusion of the June Federal Open Market Committee (FOMC) ...
Housing Starts Weaken in May as Multifamily Construction Slows
Housing Starts Weaken in May as Multifamily Construction Slows
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Housing starts fell sharply in May, driven by a steep drop in multifamily construction. Meanwhile, single-family buildings also slipped amid high interest rates, rising construction costs and ongoing labor shortages. ...
Builder Sentiment Remains Weak Amid Affordability Concerns
Builder Sentiment Remains Weak Amid Affordability Concerns
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Builder sentiment remains subdued as rising material costs, elevated mortgage rates and ongoing affordability challenges continue to strain the housing market. Builder confidence in the market for newly built single-family ...
Single-Family Permits Continue to Decline Through April as Multifamily Activity Strengthens
Single-Family Permits Continue to Decline Through April as Multifamily Activity Strengthens
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Through April 2026, residential construction activity remained uneven across housing sectors. Single-family permitting continued to soften compared with a year ago, reflecting persistent affordability challenges and elevated borrowing costs, while ...
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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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