Shelter Costs Drive Inflation Higher Than Expected in January
January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening
Weighing the Effects of the Fed's and Treasury's Latest Announcements
The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady
NAHB CEO Tobin Says 'Housing Renaissance' on the Horizon
Responding to positive housing-related data such as falling mortgage rates and increased homebuyer activity, NAHB's CEO Jim Tobin is optimistic
Are Fed Rate Hikes a Thing of the Past?
The Federal Reserve held rates steady again in December and forecasts three rate cuts in 2024
What's in Store for the National Housing Market in 2024
According to the 2024 National Housing Market Outlook report released on Wednesday by Bright MLS, affordability will remain the biggest challenge
October Saw New-Home Sales Fall More Than Expected
Despite being buoyed by a persistent shortage of previously owned properties on the market, high mortgage rates and reduced affordability saw sales of new U.S. single-family homes fall during October
Economics
Is the U.S. Officially in a Recession? Economists Weigh In
The National Bureau of Economic Research has yet to say the U.S. is in a recession, but consumers are acting as if it is
Housing Markets
Average Homebuyer Income Increased Considerably in 'Pandemic Boomtowns'
Remote workers moving to Boise, for example, have raised the average annual income of homebuyers by 24%, to $98,000
NAHB
How NAHB Is Poised to Help Builders as the Economy Slows
NAHB Chairman's Message: Home builder confidence is declining in response to economic pressures, the ongoing labor shortages, and supply chain bottlenecks. The National Association of Home Builders is doing all it can to help home builders as the economy softens
Leadership
Why You Need a Backup Plan for a Housing Market in Flux
With rising interest rates, unmet demand, and record-high home sales prices, having a Plan B (and maybe even a Plan C) can help home builders weather a fluctuating housing market
Market Data + Trends
Here’s Why the Fed Is Targeting the Housing Market to Control Inflation
The Federal Reserve has singled out the housing market as the No.1 driver of inflation, but its aggressive rate hikes could send the economy headfirst into another recession
Housing Policy + Finance
Consumer Prices Reached a 40-Year High in June as Inflation Storm Rumbles On
The June inflation reading was the highest since 1981, leading some market experts to believe the Fed could continue tightening monetary policy at an accelerated pace
Economics
Could Falling Lumber Prices Signal a Big Economic Shift?
Elevated lumber prices in 2021 were an early harbinger of rising inflation and major economic changes, and as prices now fall, experts are gearing up for another transformative period ahead
Labor + Trade Relations
Construction Job Openings Dropped From Peak Highs in May
The construction labor market appears to have hit its peak as economic activity slows nationwide in response to tighter financial conditions
Financials
Property Taxes Made Up Over One-Third of State and Local Tax Revenue in Q1 2022
Property taxes accounted for $672.9 billion in state and local tax revenue during the four quarters ending Q1 2022
NAHB
2024 International Energy Conservation Code Will Use a New Development Process
NAHB Policy Briefing: New procedure for developing the 2024 IECC; construction job openings, hiring, and layoffs data
