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NAHB

Higher Rates Continue to Sideline Home Buyers

National
Mortgage rates that averaged 7.06% in May per Freddie Mac, the highest monthly average since last November, put a damper on new home sales last month. Sales of newly built, single-family homes in May fell 11.3% to a 619,000 seasonally adjusted annual
NAHB

Housing Starts Retreat in May

National
Single-family and multifamily housing starts fell in May as high interest rates for construction and development loans and mortgage rates held back both housing supply and demand. Overall housing starts fell 5.5% in May to a seasonally adjusted
NAHB

Americans Want Policymakers to Act on Housing Affordability

National
Nearly four out of five Americans agree that the country is in the midst of a housing affordability crisis and that officials at all levels of government are not doing enough to address this vital issue
NAHB

Families Must Spend 38% of Their Income on Mortgage Payments, New NAHB Index Shows

National
A new quarterly Cost of Housing Index unveiled today by the National Association of Home Builders (NAHB) and Wells Fargo underscores the housing affordability crisis in America by
NAHB

New Home Sales in April Down on Higher Mortgage Rates

National
Mortgage rates that averaged above 7% since mid-April per Freddie Mac data acted as a drag on new home sales last month. Sales of newly built, single-family homes in April fell 4.7% to a
NAHB

Higher Interest Rates Keep Single-Family Housing Starts Flat in April

National
Single-family starts remained flat in April as interest rates moved above 7% last month and builders were dealing with tighter lending conditions. Overall housing starts increased 5.7%
NAHB

NAHB Announces a 10-Point Plan to Tame Shelter Inflation, Ease the Housing Affordability Crisis

National
With a nationwide shortage of roughly 1.5 million housing units that is making it increasingly difficult for American families to
NAHB

New Nationwide Codes Mandate a Major Blow to Housing Affordability

National
Carl Harris, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Wichita, Kan., today issued the following statement after the Biden administration
NAHB

Housing Starts Fall on Interest Rate, Financing Concerns

National
Housing starts fell in March with interest rates somewhat higher than expected last month as the latest inflation readings failed to show improvement. Builders are also still facing higher supply-
NAHB

Broad Housing Coalition Statement on Purported “Rent Control” on Low-Income Housing Tax Credit Communities

National
The U.S. Department of Housing and Urban Development (HUD) issued its annual income determination for Low-Income Housing
NAHB

New Home Sales Hold Steady in February

National
A small rise in mortgage rates in February led to a flat reading for new home sales. Sales of newly built, single-family homes in February edged 0.3% lower to a 662,000 seasonally adjusted annual rate, according to newly released data by the U.S.
NAHB

Builder Sentiment Rises Above Breakeven Point

National
A lack of existing inventory that continues to drive buyers to new home construction, coupled with strong demand and mortgage rates below last fall’s cycle peak helped push builder sentiment above a key marker in March.
NAHB

Single-Family Production Shows Signs of Stirring Across the Nation

National
Led by larger urban metro markets, single-family growth rates are showing signs of a turnaround as moderating mortgage rates and a lack of existing inventory are contributing to a gradual
NAHB

Multifamily Housing Market Will Decline in 2024 while Remodeling Market Will Hold Steady

National
Multifamily starts are predicted to decline in 2024, according to the National Association of Home Builders (NAHB). Meanwhile, the remodeling sector remains on solid ground and will hold
NAHB

Coalition of Trade Associations Requests Improvements to White House Implementation of the Build America,...

National
Four national trade associations petitioned the White House to make improvements in its implementation of “made in America”
NAHB

Housing Affordability Remains Near Historic Low Level

National
Mortgage rates that hit more than a 20-year high, coupled with elevated construction costs and excessive regulatory costs, left housing affordability in the fourth quarter of 2023 virtually
NAHB

New Home Sales Bounce Back in December on Lower Mortgage Rates

National
Falling interest rates in the closing weeks of 2023 helped to bring buyers off the sidelines and provide a boost for new home sales. Sales of newly built, single-family homes in December increased
NAHB

Single-Family Starts Down in December but Post Solid Showing

National
In a sign that lower mortgage rates continue to boost the housing market, single-family production surpassed the million mark for the second straight month in December.
NAHB

Single-Family Starts Surge on Falling Interest Rates

National
Single-family construction surged in November as lower mortgage rates helped to assuage affordability concerns and unleash pent-up demand for housing. Overall housing starts increased 14.8% in
NAHB

Amidst Housing Slowdown, Exurban Areas Post Largest Construction Gains

National
For the third consecutive quarter, single-family growth rates were negative for all geographic sectors of the nation, as exurban areas posted the largest increase in market share for both single-family

Recent NAHB Press Releases

NAHB

Higher Rates Continue to Sideline Home Buyers

Mortgage rates that averaged 7.06% in May per Freddie Mac, the highest monthly average since last November, put a damper on new home sales last month. Sales of newly built, single-family homes in May fell 11.3% to a 619,000 seasonally adjusted annual

Random NAHB in News

CNNBusiness

Fears of housing downturn may have been overblown

But the National Association of Home Builders (NAHB) said Wednesday that builder confidence spiked last month thanks to a drop in interest rates.
Forbes

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