Latest News
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February single-family housing starts hit 12-month high
In February, single-family starts experienced a substantial increase in value due to the scarcity of available inventory. However, builders continue to contend with persistent shortages of labor and buildable...
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Tariffs, Costs, and Uncertainty: Builders’ Confidence Plummets
Builder sentiment declined in March, despite builders’ optimism that a more favorable regulatory environment will result in an improved business climate, as a result of economic uncertainty, the potential...
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Fourth Quarter 2024 State and Metro Area House Price Appreciation
After two consecutive quarters of slowing, house price appreciation rebounded marginally in the fourth quarter of 2024, owing to persistently high mortgage rates and little inventory. Although existing house...
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HBGI: Single-family construction grows in Q4 2024
According to the most recent National Association of Home Builders Home Building Geography Index (HBGI), the persistent scarcity of existing homes for sale has aided in the growth of...
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Private Residential Construction Spending Falls in January
In January, private residential construction spending fell by 0.4%, owing primarily to a reduction in multifamily construction and home renovation investment. This dip came after three months of uninterrupted...
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Absorption Rates Dive as Multifamily Completions Hit Record Highs
According to the Census Bureau’s most recent Survey of Market Absorption of New Multifamily Units (SOMA), the percentage of new apartment units absorbed within three months after completion has...
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Bigger Apartments: Multifamily Unit Size Sees Notable Growth
According to NAHB’s study of quarterly Census data, the number of multifamily for-rent housing starts fell in the fourth quarter of 2024. In the quarter, 91,000 multifamily homes began...
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NAHB: 2024 Townhouse Construction Grows
Townhouse construction increased 10% in 2024, surpassing the rest of the single-family home building market. According to NAHB’s analysis of the most recent Census data for Starts and Completions...
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Build-for-rent single-family home construction fall back
Single-family built-for-rent construction fell year on year in the fourth quarter of 2024, as rising finance costs limited building activity. This slowdown is comparable to the slowing of multifamily...
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NAHB: Builder Credit Tightens, Mixed Cost Results
Borrowers and lenders agreed that credit for residential Land Acquisition, Development, and Construction (AD&C) tightened further in the fourth quarter of 2024, according to the NAHB’s AD&C Financing survey...
