Eye On Housing (NAHB)

The National Association of Home Builders (NAHB) is a trade organization located in Washington, D.C., representing over 140,000 members who work in various sectors of home construction. This includes areas such as home building, remodeling, multifamily projects, property management, subcontracting, design, housing finance, and the manufacturing of building products. NAHB collaborates with more than 700 local and state home builders associations across the nation. The organization plays a key role in assisting its members in creating vibrant communities. Each year, NAHB members are responsible for constructing approximately 80% of all new homes in the United States, covering both single-family and multifamily dwellings.

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#901873

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#228160

Business and Consumer Services/Real Estate

#2388

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Soft Job Openings Estimate for Construction

3 weeks ago | eyeonhousing.org | Robert Dietz

After a period of slowing associated with declines for some elements of the residential construction industry, the count of open construction sector jobs remained lower than a year ago, per the February Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The number of open jobs for the overall economy declined from 7.76 million in January to 7.57 million in February.
Slight Decline in Rates Helps New Home Sales to Edge Higher in February

1 month ago | eyeonhousing.org | Robert Dietz |Jing Fu

A slight decline in mortgage rates and limited existing inventory helped new home sales to edge higher in February even as housing affordability challenges continue to act as a strong headwind on the market. Sales of newly built, single-family homes in February increased 1.8% to a 676,000 seasonally adjusted annual rate from a revised January number, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Fed Remains in Wait and See Mode

1 month ago | eyeonhousing.org | Robert Dietz |Eric Lynch

In a widely anticipated move, the Federal Reserve remained on pause with respect to rate cuts at the conclusion of its March meeting, maintaining the federal funds rate in the 4.25% to 4.5% range. While the central bank acknowledged that the economy remains solid, it emphasized a data- and policy-dependent approach to future monetary policy decisions due to increased uncertainty.
Single-Family Housing Starts Hit 12-Month High in February

1 month ago | eyeonhousing.org | Jing Fu |Robert Dietz

Limited existing inventory helped single-family starts to post a solid gain in February, but builders are still grappling with elevated construction costs stemming from tariff issues and persistent shortages related to buildable lots and labor. Overall housing starts increased 11.2% in February to a seasonally adjusted annual rate of 1.50 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Home Building Employment across States and Congressional Districts in 2023

1 month ago | eyeonhousing.org | Natalia Siniavskaia |Robert Dietz |Jing Fu

As the number of housing units under construction peaked in 2023, the industry set another record employing close to 11.4 million people, including self-employed workers. NAHB estimates that out of this total, 4.7 million people worked in residential construction, accounting for 2.9% of the U.S. employed civilian labor force.
Builder Confidence Falls on Cost Uncertainty

1 month ago | eyeonhousing.org | Robert Dietz |Rose Quint

Economic uncertainty, the threat of tariffs and elevated construction costs pushed builder sentiment down in March even as builders express hope that a better regulatory environment will lead to an improving business climate. Builder confidence in the market for newly built single-family homes was 39 in March, down three points from February and the lowest level in seven months, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
Year-over-Year Declines for Construction Job Openings

1 month ago | eyeonhousing.org | Robert Dietz |Jing Fu |Natalia Siniavskaia

After a period of slowing associated with declines for some elements of the residential construction industry, the count of open construction sector jobs remained lower than a year ago, per the January Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The number of open jobs for the overall economy increased from 7.51 million in December to 7.74 million in January.
Builders’ Profit Margins Improved in 2023

1 month ago | eyeonhousing.org | Rose Quint |Robert Dietz |Jing Fu

Profitability for single-family home builders reached the highest levels in more than a decade in 2023. Industrywide profit benchmarks are important because they allow companies to compare their financial performance against the entire industry. Doing so can guide resource allocation, budgeting, and target setting for costs and expense lines. More broadly, understanding industry benchmarks can lead to an improved business strategy and to higher financial results.
New Home Sales Slow in January 2025

1 month ago | eyeonhousing.org | Jing Fu |Robert Dietz |Danushka Nanayakkara-Skillington

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 remain above 6% throughout 2025, coupled with elevated home prices, creating a significant affordability challenge for both first-time buyers and those looking to upgrade.
Year-over-Year Gain for Multifamily Missing Middle

1 month ago | eyeonhousing.org | Robert Dietz

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 (apartments in 2- to 4-unit properties) has generally disappointed since the Great Recession. However, there was a noticeable uptick for this type of housing construction in recent data. For the fourth quarter of 2024, there were 5,000 2- to 4-unit housing unit construction starts.