Latest News
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US Homeownership Rate Falls to Five-Year Low
According to the Census’ Housing Vacancy Survey (HVS), the homeownership rate fell to 65.1% in the first quarter of 2025, its lowest level since the first quarter of 2020....
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Existing Home Sales Dropped in March, Hampered by Affordability
According to the National Association of Realtors (NAR), existing home sales fell in March as affordability concerns continued to weigh on the market. For the first time in March,...
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New Home Sales Increased in March Despite Uncertain Market Conditions
Even as builders and consumers face uncertain market conditions, a minor drop in mortgage rates and low current inventory helped boost new home sales in March. According to newly...
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Remodeling Market Sentiment Drops in First Quarter
Remodeler sentiment fell in the first quarter of 2025, mirroring a trend seen last month in single-family house builder sentiment. The NAHB/Westlake Royal Remodeling Market Index (RMI) recorded a...
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US Economy Created 228,000 Jobs in March
The US labor market unexpectedly accelerated in March, whereas the data for January and February were significantly revised downward. The unemployment rate rose slightly to 4.2% in March, from...
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Manufactured Homes: More Affordable Path to Housing in US
Manufactured houses have a significant impact on the US housing market by providing a cheap supply option for millions of people. According to the American Housing Survey (AHS), there...
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Private Residential Construction Spending Rebounds in February
Private residential construction spending grew by 1.3% in February, following a 1.2% decline in January. Increased spending on single-family building and home upgrades drove the majority of the growth....
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Remodeling Grows, but Industry Faces Labor Shortages and Urgent Energy Efficiency and Disaster Resilience Needs
The US remodeling market soared above $600 billion in the wake of the pandemic and, despite recent softening, remains 50 percent above pre-pandemic levels. However, industry fragmentation, inflation, and...
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US Sawmill Capacity 2024 Plateau: Labor Shortages and Import Impacts
Throughout 2024, sawmill and wood preservation firms reported reduced capacity utilization rates, as well as consistent production and capacity. Although there was no increase in production in 2024, utilization...
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State and Congressional District Home Building Employment in 2023
The housing industry achieved yet another record in 2023, with nearly 11.4 million individuals, including self-employed workers, employed as the number of housing units under construction reached its zenith....
