Housing Mortgage Rates Continued to Decline in July Mortgage rates continued to decrease in July, landing at an average rate of 6.85%. According…NAHBAugust 2, 2024
Housing Private Residential Construction Spending Falls for Second Straight Month Private residential construction spending was down 0.3% in June, after a dip of 0.7% in…NAHBAugust 1, 2024
Housing Federal Tax Return Itemization and the Mortgage Interest Deduction Since the passage of the Tax Cuts and Jobs Act (TCJA) in 2017, tax returns…NAHBAugust 1, 2024
Housing Federal Reserve Rate Cuts in View The Federal Reserve’s monetary policy committee once again held constant the federal funds rate at…NAHBAugust 1, 2024
Housing Student Housing Construction Investment Declines in the Second Quarter of 2024 Private fixed investment in student dormitories declined 5% to a seasonally adjusted annual rate (SAAR)…NAHBJuly 29, 2024
Housing Personal Saving Rate Drops to Lowest Rate Since November 2022 Personal income inched up 0.2% in June, down from a 0.4% increase in the prior…NAHBJuly 26, 2024
Housing Market Share of 5,000+ Square Foot Homes Declines in 2023 The number of homes started in 2023 exceeding 5,000 square feet, dropped to 26,000, a…NAHBJuly 26, 2024
Housing All-Cash Sales Remained at a Three-Year Low for the Second Quarter All-cash purchases accounted for 6.9% of new home sales in the second quarter of 2024,…NAHBJuly 25, 2024
Housing Housing Share of GDP Remains Above 16% Despite Marginal Declines in Residential Investment Housing’s share of the economy stayed level at 16.1% in the second quarter of 2024.…NAHBJuly 25, 2024
Housing U.S. Economic Growth Accelerated in Second Quarter In the second quarter of 2024, the U.S. economy grew twice as fast as it…NAHBJuly 25, 2024