For some home buyers, housing affordability has improved.   According to the Housing Trends Report for the first quarter of 2021, 35% of buyers report being able to afford half or more of the homes available for-sale in their markets.  A year earlier, that share was 23%.  The increase is an indication that still relatively low mortgage rates continue to have… Read More ›

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 1.7% in March to a seasonally adjusted annual rate of $725.3 billion. Total private residential construction spending was 23.3% higher than a year ago. The monthly gains are largely attributed to the strong growth of spending on single-family and improvements. Single-family construction spending rose to… Read More ›

Few events over the last century have had as profound an impact on the ways we live than the ongoing COVID-19 pandemic. Premier among them is the heightened relevance of ‘home.’ The health crisis thrust the home into a new level of prominence, expanding its purpose beyond just a functional dwelling to many non-traditional roles such as office, gym, or… Read More ›