Existing Home Sales Fall in August Amid Higher Mortgage Rates
…closed in June and July, when mortgage rates remained above 6.5%, about 50 basis points higher than current levels. Mortgage rates have hovered between 6.5% and 7% due to ongoing…
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New Home Sales Post Unexpected Large Gain in August
…of home-building activity. A year ago, there were 104,000 completed, ready-to-occupy homes available for sale (not seasonally adjusted). By the end of August 2025, that number increased 18.3% to 123,000….
Beyond the Official Unemployment Rate: A Deep Dive into U.S. Unemployment
In August, the official, or standardly referenced, unemployment rate rose slightly to 4.3%, up from 4.2% in July. This marks the highest level in nearly four years, though it remains…
Single-Family Homes Are Built Faster in 2024
…constructed specifically for rental purposes, which typically takes longer building time from authorization. In contrast, homes ranging from 1,200 to 3,999 sq. ft. are built at the average building time,…
Who are NAHB Associate Members?
Every year since 2008, the NAHB has conducted a member census in order to better understand the composition and characteristics of the people who belong to its organization. Similar to…
The Fed Cuts and Projects More Easing to Come
…the housing market remains “weak,” consistent with recent data for the home building sector. He also noted that “housing was at the center monetary policy.” Powell once again noted that…
Housing Starts Remain Soft Ahead of Fed Meeting
…This was the lowest reading since July of 2024 for single-family home building. The multifamily sector, which includes apartment buildings and condos, decreased 11.7% to an annualized 417,000 pace. While…