Single-family housing starts experienced a rebound in August; however, production has declined by 4.7% year-to-date as builders navigate economic uncertainty, labor and lot shortages,...
The sentiment of builders is being affected by increased mortgage rates, worsening labor shortages, and rising material costs.
The National Association of Home Builders (NAHB)/Wells...
Buyers were burdened by record-high home prices and elevated mortgage rates, resulting in a third consecutive month of declines in existing home sales.
After...
In 2025, the construction of a new single-family home required less time than in the previous three years.
Currently, the average time from inception to...
In July, private residential construction spending experienced its fourth consecutive monthly decline.
Private residential construction spending in July was $859.0 billion, a seasonally adjusted...