NAHB Now
- Podcast: What Fed Rate Cut Means for HousingOn the latest episode of NAHB’s podcast, Housing Developments, CEO Jim Tobin and COO Paul Lopez discuss the latest economic news, including the Federal Reserve’s rate cut announcement this week, what it means for housing and what policymakers can do to promote growth in housing.
- 2 Ways HBAs Can Support the Next Generation of BuildersAs the home building industry’s labor shortage continues, it’s more important now than ever to educate the younger generation on the many exciting opportunities a career in construction can bring. Here’s how Home Builders Associations are helping their local student chapters.
- The Fed’s Easing Cycle Finally BeginsAfter its first post-COVID rate hike enacted more than two years ago, the Federal Reserve’s Federal Open Market Committee (FOMC) announced a significant reduction for the short-term federal funds rate its September meeting. This marks the beginning of a series of rate decreases necessary to normalize interest rates, and to rebalance monetary policy risks between […]
- Design-forward Innovator Novatech Expands in the U.S.As the door and window manufacturing sector has evolved, Novatech has skillfully positioned itself as a key player in the competitive U.S. market.
- Single-Family Starts Up in August but Supply-Side Issues LingerOverall housing starts increased 9.6% in August to a seasonally adjusted annual rate of 1.36 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
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Eye On Housing
- Owners’ Equity Share of Household Real Estate Assets Reaches Highest Level in Over 60 YearsOwners’ equity share of household real estate assets remained above 70% for the tenth straight quarter, continuing to mark the highest levels of this share since the late 1950s. The share in the second quarter of 2024 was 72.7%, up from a year ago when it stood at 71.4%. Notably, this is the highest reading...
- Existing Home Sales Slide Despite Lower Mortgage RatesExisting home sales fell to a 10-month low in August despite easing mortgage rates and improved inventory, according to the National Association of Realtors (NAR). Home sales remained sluggish as the lock-in effect kept home prices elevated. Meanwhile, the share of first-time buyer in August dropped to a record low. However, we expect increased activity...
- Price Growth for Inputs to Residential Construction Slows in AugustPrices for inputs to new residential construction, excluding capital investment, labor and imports decreased 0.1% in August according to the most recent Producer Price Index (PPI) report published by the U.S. Bureau of Labor Statistics. Compared to a year ago, this index was up 0.8% in August after a 1.8% increase in July. The inputs...
- The Fed’s Easing Cycle Finally BeginsAfter its first post-COVID rate hike enacted more than two years ago, the Fed’s Federal Open Market Committee (FOMC) announced at the conclusion of its September meeting a significant reduction for the short-term federal funds rate. Tight monetary policy was undertaken to fight the worst bout of inflation in four decades. Today’s policy action marks...
- Single-Family Starts Up in August but Supply-Side Issues LingerSingle-family starts posted a solid gain in August on robust demand and moderating mortgage rates even as builders continue to grapple with challenges related to lot and labor shortages and elevated prices for many building materials. Overall housing starts increased 9.6% in August to a seasonally adjusted annual rate of 1.36 million units, according to...
