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News
Cost of Credit for Builders Up Since the End of 2025
1+ week, 4+ day ago (577+ words) Credit conditions on loans for residential Land Acquisition, Development & Construction (AD&C) were still tightening in the second quarter of 2026, according to NAHB’s quarterly survey on AD&C Financing. The net easing index derived from the survey posted a second-quarter reading…...
Existing Home Sales Fall in July
1+ week, 6+ day ago (356+ words) Total existing home sales, including single-family homes, townhomes, condominiums, and co-ops, fell 1.7% to a seasonally adjusted annual rate of 4.06 million in July, according to the National Association of Realtors (NAR). On a year-over-year basis, sales were 0.7% higher than a year…...
Housing’s Share of GDP Moves Lower in the Second Quarter
3+ week, 3+ day ago (218+ words) The more cyclical home building and remodeling component–residential fixed investment (RFI)–was 3.7% of GDP, even with the previous quarter. The second component, housing services, was 12.1% of GDP, down from 12.2% in the previous quarter. The graph below plots the share…...
How a Home Purchase Boosts Consumer Spending
3+ week, 6+ day ago (678+ words) The housing market has changed greatly since the COVID-19 pandemic, along with consumer spending behaviors. During this period, housing demand surged, home prices appreciated rapidly, inflation increased, supply-chain disruptions happened, and mortgage rates moved from historic lows to elevated levels....
New Home Sales Edge Higher as Affordability Challenges Persist
1+ mon, 11+ hour ago (362+ words) Affordability challenges continued to weigh on the new-home market in June, as elevated mortgage rates, rising inflation and broader economic uncertainty kept many prospective buyers on the sidelines. Sales of newly built single-family home rose 1.6% in June to a seasonally…...
Multifamily Gains Lift Overall Starts Despite Single-Family Decline
1+ mon, 1+ week ago (307+ words) Strong multifamily growth pushed overall housing starts higher in June, while single-family production remained sluggish as elevated mortgage rates, rising construction costs and persistent labor shortages continued to weigh on the market. Overall housing starts increased 19.0% in June to a…...
Builder Sentiment Stays Weak as Affordability Concerns Persist
1+ mon, 1+ week ago (207+ words) Economic uncertainty and persistent affordability challenges driven by rising material prices, high land costs, and elevated mortgage rates continue to weigh on builder sentiment. Builder confidence in the market for newly built single-family homes fell two points to 34 in July,…...
Existing Home Sales Slowed in June
1+ mon, 2+ week ago (378+ words) Total existing home sales, including single-family homes, townhomes, condominiums, and co-ops, fell 2.4% to a seasonally adjusted annual rate of 4.09 million in June, according to the National Association of Realtors (NAR). On a year-over-year basis, sales were 2.8% higher from a year…...
Affordability Concerns Push New Home Sales Lower in May
2+ mon, 10+ hour ago (380+ words) Elevated mortgage rates, rising inflation and economic uncertainty kept many buyers out of the market in May as consumers and builders continue to deal with challenging affordability conditions. While monthly sales activity softened, builders continue to operate in a market…...
Structural Demand Outpacing Supply: Jobs-to-Permits Ratios Highlight Housing Gap
2+ mon, 2+ day ago (388+ words) Strong labor market growth continued to put pressure on the nation’s housing supply in 2024, as home building activity did not fully keep pace with demand driven by job gains. Comparing net new jobs with prior-year permitting activity helps show whether…...