Tag Archives: NAHB

Existing home sales dropped in June as record-high home prices and elevated mortgage rates impacted buyers, according to an analysis from NAHB’s Eye on Housing. Total existing home sales, including single-family homes, townhomes, condominiums, and co-ops, fell 2.4% to a …

Mortgage rates continued to increase in June due to high inflation and a stronger-than-expected labor market, according to the NAHB’s Eye on Housing. The 30-year fixed-rate mortgage averaged 6.49% in June, up 8 basis points (bps) over May. Since the …

The National Association of Home Builders (NAHB) recently released a new guide on financing missing middle housing, designed to help builders, developers and lenders better understand why these products often struggle to secure financing and what can be done to …

Strong labor market growth continued to put pressure on the nation’s housing supply in 2024, as homebuilding activity did not fully keep pace with demand driven by job gains. Comparing net new jobs with prior-year permitting activity displays whether the …

With a new Fed Chair and plans for evolving operating strategies, the Federal Reserve maintained its target policy rate at the conclusion of the June Federal Open Market Committee (FOMC) meeting. The FOMC maintained the short-term federal funds rate at …

Housing starts decreased 15.4% in May, primarily driven by a drop in multifamily construction, while single-family building also fell amid high interest rates, rising construction costs and labor shortages, according to the National Association of Home Builders. The May reading …

Builder confidence in the market for newly built single-family homes fell two points to 35 in June amid rising material costs, elevated mortgage rates and continued affordability challenges impacting the housing market, according to the National Association of Home Builders/Wells …

Residential construction building materials prices rose in May as energy prices continued to increase, according to the Bureau of Labor Statistics’ Producer Price Index. Prices for residential building materials jumped 4.4% year over year and 0.7% month over month in …