Housing conditions have improved modestly in the last year, according to the latest data from the National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI), but housing affordability is still a struggle for millions of Americans. The …
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Builder Confidence Rises Modestly in May
Builder confidence saw modest gains in May despite rising mortgage rates and economic uncertainty, while builders continue to deal with elevated land, labor and construction costs. According to the most recent National Association of Home Builders (NAHB)/Wells Fargo Housing Market …
Read More »Building Material Prices Reach 3-Year High in April
Prices rose across goods and services used in residential construction in April due to rising energy and transportation service prices, according to NAHB’s Eye on Housing. Building material prices, excluding energy, rose at their highest yearly rate in three years, …
Read More »Existing Home Sales Slightly Up in April
Existing home sales edged up in April after reaching a nine-month low in March, but sales remained at historically low levels, according to an analysis from the National Association of Home Builders. Elevated mortgage rates and inflation driven by the …
Read More »U.S. Economy Adds 115,000 Jobs in April, Construction Sector Sees Gains
Job growth persisted in April despite elevated interest rates and rising geopolitical uncertainty related to the Iran conflict, according to the National Association of Home Builders. The unemployment rate held steady at 4.3% in April and wage growth accelerated, with …
Read More »New Home Sales Jump 7.4% in March
Constrained supply of existing homes and modest improvement in mortgage rates pushed new home sales higher in March, according to the National Association of Home Builders. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau reported …
Read More »Real GDP Growth Rebounds to 2% in Q1 2026
Real GDP growth accelerated in the first quarter of 2026, rebounding from a weak end of 2025, as government spending recovered following a disruptive shutdown, according to the National Association of Home Builders (NAHB). First-quarter growth was also supported by …
Read More »Housing Starts Post Solid Rebound in March as Builders Increase Production
Housing production rebounded in March as builders increased production despite ongoing economic challenges, according to the National Association of Home Builders (NAHB). Overall housing starts increased 10.8% in March to a seasonally adjusted annual rate of 1.5 million units, according …
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