Industry News

February 2024 New Residential Construction What happened New residential construction activity surged 10.7% month over month in February, reaching a rate of 1,518,000 annual housing starts (+5.9% year over year). Builder sentiment picked up for the fourth month in a...

The numbers: U.S. pending home sales shot up in December as falling mortgage rates brought buyers back into the market. Pending home sales rose 8.3% in December from the previous month, according to the monthly index released Friday by the National Association of...

Is the housing market bouncing back in 2024—or just bouncing back and forth? There have been some signs of housing inventory recovering, with the number of homes actively for sale growing by 7.9% year over year in January, according to a recent Realtor.com®...

When looking back at the housing market this past year, there were three main storylines that largely defined buying a home – mortgage rates, home prices, and the number of homes for sale, also known as inventory. From a homebuyer’s perspective, all of those...

NAHB Chief Economist Robert Dietz recently provided the following economic overview in his bi-weekly newsletter Eye on the Economy. Interest rates have pulled back in recent weeks, as markets correctly anticipated a dovish Federal Reserve announcement in December. In...

Housing’s combined contribution to GDP generally averages 15-18%, and occurs in two basic ways: Residential investment (averaging roughly 3-5% of GDP), which includes construction of new single-family and multifamily structures, residential remodeling, production of...

Winter is generally a slow season for the real-estate sector, but will it stay frozen or thaw out—and more importantly, will home prices keep rising, or fall? Home prices and mortgage rates show few signs of falling at the end of October, as low inventory spurs...

Thanks to the bravery and sacrifices of our veterans and active military, the rest of our country’s civilians can live the American dream in safety. So how fitting is it that one tangible way our country says “thank you for your service” to current and former members...

The past decade has seen increasingly tight housing markets due to strong demand and limited supply. Since the Great Recession, the U.S. has not built enough housing to keep pace with demand created by job and population growth, leading to historically low vacancy...

More homes are in danger of going into foreclosure—especially in certain cities that have had challenges ever since the last housing crisis in the late 2000s. There were nearly 34,000 properties with foreclosure filings in August, according to a recent report from...