National Association of Home Builders Economic Research Blog

Consumer Credit Slowed in Q2 
Consumer Credit Slowed in Q2 
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In the second quarter of 2026, consumer credit growth slowed over the quarter and was lower than a year ago. According to the Federal Reserve’s G.19 Consumer Credit Report, total outstanding U.S. consumer credit reached $5.17 trillion in the second quarter of ...
Affordability Pressures Keep Builder Confidence Low
Affordability Pressures Keep Builder Confidence Low
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Builder sentiment remains muted from economic and geopolitical uncertainty, elevated mortgage rates and rising construction costs. Builder confidence in the market for newly built single-family homes inched up one point ...
Single-Family Permitting Declines Through June in Contrast to Multifamily
Single-Family Permitting Declines Through June in Contrast to Multifamily
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Single-family permitting activity continued to weaken through the first half of 2026, while multifamily permitting remained somewhat stronger compared with the same period last year. Over the first six months ...
Cost of Credit for Builders Up Since the End of 2025
Cost of Credit for Builders Up Since the End of 2025
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Credit conditions on loans for residential Land Acquisition, Development & Construction (AD&C) were still tightening in the second quarter of 2026, according to NAHB’s quarterly survey on AD&C Financing. The ...
Building Material Prices Show Growth In July
Building Material Prices Show Growth In July
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Residential building material prices, excluding energy, rose 0.4% in July and were up 5.0% from a year ago. Energy prices fell again in July but remained significantly higher than a ...
Homeownership Rate Edges Down to 65%
Homeownership Rate Edges Down to 65%
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The latest homeownership rate declined to 65% in the second quarter of 2026, according to the Census’s Housing Vacancy Survey (HVS). The homeownership rate was unchanged from a year ago, and not statistically different than the rate in the ...
Inflation Eased Slightly in July
Inflation Eased Slightly in July
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Led by declines in gasoline and diesel prices, inflation eased for the second consecutive month after reaching a three-year high in May. As energy prices moderated, shelter resumed its role ...
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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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