NAHB Now
- Plan Early for Summer Internship Season with NAHB ResourcesThe most effective internship programs don’t come together at the last minute. To help, NAHB offers the Internship Program Development Guide and Appendices to the Internship Program Development Guide.
- Smart Sourcing, Smarter Basis: How AI Is Changing Land AcquisitionFor decades, the process of screening off-market sites has remained painfully slow. But a shift is happening as top-tier land teams are moving away from manual data aggregation and toward AI-driven workflows to eliminate non-viable sites in minutes.
- Building Material Price Growth Remains Elevated Despite a Sluggish MarketResidential building material price growth continued to climb toward the end of 2025, even as the new home construction market showed signs of slowing.
- Builder Sentiment Loses Ground at Start of 2026Builder confidence in the market for newly built single-family homes fell two points to 37 in January, according to the NAHB/Wells Fargo Housing Market Index (HMI) released today.
- NAHB Participates in Capitol Hill Housing ForumNAHB Chief Lobbyist Lake Coulson participated in a Housing Affordability Roundtable hosted by the New Democrat Coalition. Lawmakers and housing stakeholders discussed ways to address affordability challenges and enact federal housing finance reforms.
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Eye On Housing
- New Single-Family Home Size Trends: Third Quarter 2025New single-family home size has been generally falling since 2015 as a response to declining affordability conditions. An exception occurred when new home size increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022 and 2023, and housing affordability worsened, the demand for home size has trended lower. According […]
- Third Quarter 2025 Multifamily Construction DataAccording to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts increased during the third quarter of 2025. For the quarter, 119,000 multifamily residences started construction. Of this total, 114,000 were built-for-rent. This built-for-rent total was 31% higher than the third quarter of 2024. This marks a significant increase, and it […]
- Soft Conditions for Single-Family Built-for-RentSingle-family built-for-rent construction fell back in the third quarter of 2025, as a higher cost of financing and increased multifamily supply crowded out development. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 18,000 single-family built-for-rent (SFBFR) starts during the third quarter of 2025. […]
- Missing Middle WeaknessThe 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. For the third quarter of 2025, there were 4,000 2- to 4-unit housing unit construction starts. This represents […]
- December Mortgage Activity Softens Even as Rates EaseMortgage application activity declined in December despite a modest easing in mortgage rates. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, fell 5.3% from November on a seasonally adjusted basis, though it remained 47.1% higher than a year ago. The average contract interest rate for 30-year fixed mortgages […]
