Private residential construction spending increased by 0.8% in August, primarily driven by more spending on multifamily construction and home remodeling, according to the National Association of Home Builders (NAHB). Total residential spending was down 2% year over year as the …
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Lower Mortgage Rates Push Home Sales Up
Existing home sales rose in October to the highest rate in eight months as buyers took advantage of lower mortgage rates, according to the National Association of Realtors (NAR) and an analysis from NAHB’s Eye on Housing. Mortgage rates hovered …
Read More »Builder Confidence Rises Slightly in November Despite Softening Demand
Builder confidence in the market for newly built single-family homes rose one point in November to 38, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). “While lower mortgage rates are a positive development for …
Read More »Remodeling Firms Now Dominate Residential Construction Establishments
Remodeling has taken over a significant portion of the residential construction market, with most U.S. households unable to afford new construction. The number of remodeling establishments has nearly doubled in the last 25 years and remodelers now represent over half …
Read More »Tariffs Drive Up Cost of Canadian Softwood Lumber Imports
Trade-related costs of Canadian imports have recently increased due to adjustments to antidumping and countervailing duty rates and the imposition of Section 232 tariffs, according to the National Association of Home Builders’ Eye on Housing. The average duty rate on …
Read More »Multifamily Housing Market Confidence Rises in Q3 2025
Confidence in the market for multifamily housing increased year over year in the third quarter, according to the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). The Multifamily Production Index (MPI) had a reading of …
Read More »Home Price Growth Slows to 2-Year Low
Home prices in August grew at the lowest annual rate in over two years, according to the recent release of the S&P Cotality Case-Shiller Home Price Index and an analysis from the National Association of Home Builders’ Eye on Housing. …
Read More »Construction Labor Force Ages, Gen Z Filling the Gap
The median age of the construction labor force is 42, a year older than a typical worker in the national labor force, according to an analysis of the most recent 2023 American Community Survey from the National Association of Home …
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