Housing Share of GDP in Q1 2024 Rises Above 16%
The increase marks the first time GDP has surpassed 16% since 2022
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
Builders
Does Rebounding Home Builder Confidence Signal an Upcoming Economic Growth Cycle?
Despite falling demand from priced out buyers, home builders remain optimistic about the year ahead, and experts say that rising sentiment may point toward a breakout year for a recovering economy
Affordability
As Rental Costs Rise and Wage Growth Slows, Housing Affordability Worsens
Homebuyers and renters continue to be priced out of an increasingly unaffordable housing market
Business Management
Advice for Home Builders Navigating a Housing Market in Flux
Successful builders can grow during a housing recession if they plan for it by maintaining liquidity, keeping up their reputation, and actively searching for opportunities
Market Data + Trends
Home Builder Sentiment Is Rising for the First Time in Over a Year—Here’s Why
A slight drop in mortgage interest rates is motivating prospective buyers to jump back into the for-sale market, and that new activity is boosting home builder sentiment at the start of 2023
Economics
Experts Say This Housing Recession Will Look Far Different From the Last One—Here’s Why
The housing market is reaching its tipping point ahead of what experts say is a "more-than-likely" 2023 recession, but today's homebuying conditions are far different from the state of the market leading up to the Great Recession
Affordability
What a 2023 Housing Recession Could Mean for Rental Prices
For the past two years, rental costs have skyrocketed to new highs in popular metros across the U.S. Could a housing recession bring them back to earth?
NAHB
NAHB Chairman Jerry Konter: Reflecting on 2022, Looking Ahead to 2023
NAHB Chairman's Message: Jerry Konter reflects on the past year's challenges and achievements and what lies ahead for the housing industry in the coming year
Sales + Marketing
Where to Go When the Housing Market Gets S.L.O.W.
There are two paths you can take in a changing new-home sales market, but only one of them will help you succeed during a slowdown
Financing
How Low Will Mortgage Rates Go in 2023?
After soaring to a peak 7% in 2022, interest rates are expected to fall by more than a percentage point in 2023, but for a number of priced-out buyers, a slight increase in housing affordability won't be enough
Housing Policy + Finance
Central Bank Isn’t Backing Down—More Rate Hikes Ahead in 2023
The Federal Reserve is gearing up for another aggressive year of rate hikes meant to slow inflation, and while economists are optimistic, homebuyers are losing steam
