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…
…time, 7.6 months from obtaining building permits to completion. Meanwhile, homes built by owners required the longest time, 15.1 months. Homes built by hired contractors took about 12 months, and…
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 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…
…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…
Inflation accelerated to a seven month high in August as tariff-related costs continued to pass through to consumers, according to the Bureau of Labor Statistics’ (BLS) latest report. Core goods…
In 2024, 65% of newly completed single-family homes featured two-car garages, according to NAHB’s analysis of the Census’s Survey of Construction data. The share of new homes with three or…
