Industry News

Summer is the season for dabbling in home improvement projects—and this year, that tradition is more popular than ever. According to Yelp’s 2024 Summer Home and Outdoor Trends report, searches for “home renovation” on the site climbed 184% from April 2023 to April...

The American dream might be to own your own home, but that doesn’t mean you necessarily have to live in it. Increasingly, Americans are renting in one (often pricey) location and then buying an investment property in a more affordable place. Dubbed “rentvesting,” this...

It’s that time of year again—school’s out for the summer, and families across the country are packing up to hit the beaches. You’ve likely dreamed of turning your summer vacation spot into a regular weekend getaway or even a full-time residence. But buying a beach...

It’s not just the temperatures that are warming up right now. If you didn’t already know, spring is the start of the busiest homebuying period of the year. Houses ooze curb appeal with early flowers in full bloom. Buyers don’t mind trudging to open houses in nicer...

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...