Affordability and decreased buyer demand continue to put downward pressure on the housing construction industry, with new-home sales seeing a significant month-to-month dip in the latest data from the Census Bureau and the Department of Housing and Urban Development. The New Residential Sales report saw new-home sales fall 7.3% to a rate of 580,000 in…
Housing construction took a definite hit in May as inflation reached new peaks and affordability remains challenged, as seen in recent data from the U.S. Department of Housing and Urban Development and the Census Bureau. The latest New Residential Construction report saw housing starts clock in at a rate of 1,177,000 in May, down a…
Builder sentiment remains subdued as rising material costs, elevated mortgage rates and ongoing affordability challenges continue to strain the housing market. Builder confidence in the market for newly built single-family homes fell two points to 35 in June, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released June 15.…
Editor’s note: Econ Review is a roundup of the month’s housing and economic market data reports. Spring 2026 is shaping up better than previous years, leaving real estate professionals brimming with expectations for the potential of an even better summer as certain housing economy indicators continue to improve. However, lingering economic uncertainty remains, leaving some…
Sales of newly built single-family homes fell 6.2% in April to a seasonally adjusted annual rate of 622,000, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, as the 2026 housing market remains sluggish overall. The pace of new-home sales is down 11.3% from a…
Housing starts softened in April after March’s sharp increase, though year-over-year comparisons remain slightly positive as the housing market navigates shifting seasonal patterns. In the New Residential Construction report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, new housing starts were down 2.8% from March to a seasonally adjusted…
As some sales activity picked up toward the end of the spring season, with housing starts seeing an unexpected boost, the latest data from the National Association of Home Builders (NAHB) observed a slight pickup in homebuilder confidence. However, as market and economic challenges persist, builders still remain overwhelmingly cautious about their businesses. The May…
Sales of new single-family houses in March were at a seasonally adjusted annual rate of 682,000, according to estimates released jointly May 5 by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). That was 7.4% above the February rate of 635,000, and 3.3% above the March 2025 rate of 660,000.…
Editor’s note: Econ Review is a roundup of the month’s housing and economic market data reports. As spring progresses, the industry is awaiting data related to how the season shaped up ahead of another potential boom in activity over the upcoming summer. Here are some highlights from the housing and economic data that hit the…
Homebuilders appear to be showing some signs of measured optimism as new construction showed significant gains against the tide of market challenges and the ongoing conflict with Iran, according to the latest data from the Department of Housing and Urban Development (HUD) and the Census Bureau. The New Residential Construction report for March (which also…
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