NAHB Now
- How to Help Kentucky Relief and Recovery EffortsNAHB has information for members on how to support individuals impacted by the destructive storms in Kentucky.
- Mixed Conditions for Single-Family Construction, Apartment Boost in Smaller MetrosSingle-family construction growth registered modest gains in small metro areas and declines in large metro counties while apartment growth is shifting to counties with lower population densities, according to the latest National Association of Home Builders (NAHB) Home Building Geography Index (HGBI) for the first quarter of 2025 released today.
- EPA Commits to Reducing Regulatory Burdens for Home BuildersNAHB Senior Officers sat down with EPA Administrator Lee Zeldin on May 29 to discuss EPA’s deregulatory priorities benefiting the home-building industry.
- Gap Between New and Existing Home Prices Narrows, Builders Committed to Promoting HomeownershipAs the National Association of Home Builders (NAHB) celebrates National Homeownership Month in June, home buyers are discovering a narrow price gap between new and existing homes. During the first quarter of 2025, the median sales price of a new home was just $14,600 more than an existing home.
- Tax Bill Talking Points Featured in Monthly UpdateThe update provides the latest messaging framework to help members articulate housing priorities and latest news related to the tax bill and tariffs.
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Eye On Housing
- HBGI Q1 2025: Multifamily Growth in Smaller MarketsSingle-family construction growth slowed substantially across all markets in the first quarter of 2025, according to the Home Building Geography Index (HBGI). Â Multifamily construction growth remained negative in the largest markets but reported significant expansion in lower population density areas. The HBGI tracks single-family and multifamily permits across seven population density delineated geographies in the...
- Construction Job Openings Steady in AprilThe count of open, unfilled positions in the construction industry held steady amid a slowdown for housing, per the April Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The number of open jobs for the overall economy increased slightly from 7.20 million in March to 7.39 million in April. This is notably smaller...
- April Private Residential Construction Spending DipsPrivate residential construction spending fell by 0.9% in April, marking the third consecutive monthly decline. This decrease was primarily driven by reduced spending in single-family construction and home improvements. Compared to a year ago, total spending was down 4.8%, as the housing sector continues to navigate the economic uncertainty stemming from ongoing tariff concerns and...
- Multifamily Absorption Moves Lower for New ApartmentsThe percentage of new apartment units that were absorbed within three months after completion continued to trend lower, according to the Census Bureau’s latest release of the Survey of Market Absorption of New Multifamily Units (SOMA). The survey covers new units in multifamily residential buildings with five or more units. The number of new multifamily...
- Treasury Yield Increase Drives Mortgage Rates Higher in MayMortgage rates continued their upward trend in May due to market volatility triggered by fiscal concerns and weaker U.S. Treasury demand. According to Freddie Mac, the average 30-year fixed-rate mortgage rose to 6.82% — a 9-basis-point (bps) increase from April. The 15-year fixed-rate mortgage increased by 5 bps to 5.95%. The 10-year Treasury yield, a...
