Housing Small Decrease in Mortgage Activity for July The Market Composite Index, a measure of mortgage loan application volume by the Mortgage Bankers…NAHBAugust 7, 2024
Housing Residential Building Wages See Fastest Growth in More Than Five Years Residential building workers’ wage growth accelerated to 9.0% in June. This marks the fastest year-over-year…NAHBAugust 5, 2024
Housing Labor Market Continues to Soften in July In July, job growth decelerated significantly, and the unemployment rate increased to a nearly three-year…NAHBAugust 2, 2024
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