Private residential construction spending declined by 0.4% in January, largely driven by a decrease in multifamily construction and home improvement spending. This decline followed…
The percentage of new apartment units that were absorbed within three months after completion continued to trend downwards, according to the Census Bureau’s latest…
Mortgage rates declined marginally in February, with the average 30-year fixed-rate mortgage falling to 6.84%. After climbing steadily since December and peaking at 7.04%…
New home sales decreased in January to a three-month low, as housing affordability continues to sideline potential home buyers. Mortgage rates are expected to…
The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. The multifamily segment of the missing middle…
The traditional price gap between new and existing homes was nearly nonexistent at the end of 2024. The median price for a new single-family…
According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts declined during the fourth quarter of 2024. For the…
An expected impact of the virus crisis was a need for more residential space, as people used homes for more purposes including work. Home…
NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates gains for custom home builders after a period slight…
