Vacation and Investment Home Market Insights
A recent report finds beach homes to be the most sought-after vacation-home type and that the investment potential of a second home is an important factor in the purchasing decision
How Much Income Do First-Time Buyers Need to Afford the Average Home?
The median-priced home is unaffordable in 44 of the 50 largest U.S. metro areas
What Is the Relationship Between Urban vs. Suburban Development and Affordability?
A new paper from Harvard's Joint Center looks at whether expanding the supply of suburban housing could, in turn, help make dense urban areas more affordable
10 States Where Home Insurance Rates Have Risen the Most
Responding to the increasing number of natural disasters, insurers are hiking prices, with some states bearing the brunt more than others
Mortgage Rates Are Up but New-Home Sales Still Solid in March
Lack of existing home inventory drove a rise in new-home sales, despite higher interest rates in March
Who's Earning What in Construction
Workers in construction management roles may earn a higher median wage, but on average, lower-paid occupations have experienced somewhat faster wage growth
Market Data + Trends
Falling Interest Rates Buoy Builder Sentiment
Builder confidence in the market for newly built single-family homes rose three points in December, according to the latest NAHB/Wells Fargo Housing Market Index
New-Construction Projects
US Housing Starts See Unexpected Surge in November
Census Bureau data show new-home construction was up 14.8% in November, suggesting the housing crunch may be easing
Market Data + Trends
2023 vs. 2022 Changes in Homebuyer Purchasing Power and Living Space
More than half of US urban hubs saw housing attainability plummet, with homebuyers in 61 large cities now able to afford less living space than they did a year ago
Market Data + Trends
Exurban Areas Saw Most Growth in New Construction During Q3
NAHB's latest Home Building Geography Index shows exurban areas had the largest increase in market share for both single-family and multifamily construction
Labor + Trade Relations
Labor-Shortage Headwinds Continue for Construction
Jobs report shows construction still faces a wide margin between available positions and the supply of workers to fill them
NAHB
NAHB CEO and President Jim Tobin's 2024 Housing Outlook
From affordability to homebuyer trends, Tobin offer insights into the future of the housing market
Market Data + Trends
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
Financing
Mortgage Rates Continue Third Week of Downward Trend
Thanks to the continued drop in mortgage rates, mortgage applications are up, reaching their highest weekly pace in five weeks
Builders
Builder Sentiment Is Still Down in November, but Forecast Indicates Improving Conditions
Mortgage rates approaching 8% earlier in November did little to boost builder confidence, but recent macroeconomic data indicate conditions could improve in the coming months
Market Data + Trends
Reshaping the American Dream: Millennials and Gen Z Struggle to Leave the Nest
Report finds one in five Millennials and two-thirds of Gen Z are taking longer to leave home compared with previous generations
