May is National Home Remodeling Month and many local home builder associations are hosting home shows and parades of homes in honor of the month-long celebration. The National Association of Home Builders (NAHB) recommends the following eight ways to connect …
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New Home Prices Drop as Existing Home Prices Rise
The median price for a new single-family home sold in the first quarter of 2025 was $416,900, $14,600 above the existing home sale price of $402,300, according to U.S. Census Bureau and National Association of Realtors (NAR) data. Traditionally, new …
Read More »Homeownership Rates Down in Q1 2025
The homeownership rate saw a recent dip, declining to 65.1% in the first quarter of 2025, the lowest level since the first quarter of 2020, according to an analysis by the National Association of Home Builders. Housing affordability is also …
Read More »Mortgage Rates See Uptick in April
Mortgage rates increased slightly in April, with the average 30-year fixed-rate mortgage landing at 6.73%, according to Freddie Mac. An analysis from the National Association of Home Builders notes the rising rates followed a sell-off in U.S. Treasury securities, driven …
Read More »Builder Confidence Remains Low Amid Tariff Concerns and Rising Costs
Increased economic uncertainty due to tariff concerns and high building material costs has kept builder sentiment low, according to the National Association of Home Builders (NAHB) and the Wells Fargo Housing Market Index (HMI). “The recent dip in mortgage rates …
Read More »Remodeling Sentiment Down in Q1 2025
The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for Q1 2025, posting a reading of 63, down five points compared to the previous Q1 2025. Although 63 is still positive, this is the …
Read More »NAHB Chairman Discusses Priorities for 2025
On the latest episode of Housing Developments, a podcast from the National Association of Home Builders (NAHB), 2025 NAHB chairman Buddy Hughes shared what he’s hearing from members and his plans for the association throughout 2025. Hughes was elected to …
Read More »U.S. Tariffs on Mexico and Canada Take Effect
Following previous announcements regarding impending tariffs on Canada and Mexico, President Donald Trump has officially imposed 25% tariffs on Mexican and Canadian imports. The president also increased tariffs on Chinese products to 20% and taxes on Canadian energy will be …
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