In the third quarter of 2021, 73% of buyers estimate they can afford less than half the homes available for-sale in their markets.  That share is up from 71% the prior quarter, 65% the quarter before that, and 63% in the final quarter of 2020.  This steady increase is evidence that double-digit increases in home prices have eroded the positive… Read More ›

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans financed 75.7% of new home sales in the third quarter of 2021—the largest share since the beginning of the Great Recession in 2008. The share increased 1.7 percentage points over Q2 2021 (revised) and has risen each of… Read More ›

The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income slumped 1% in September to a seasonally adjusted annual rate (SAAR) of $20.49 billion. This decrease in personal income was largely due to declines in the government social benefits, including economic impact payments and the pandemic unemployment compensation. It largely offset the increase in… Read More ›