NAHB Now
- Nearly 60% of U.S. Households Unable to Afford a $300K HomeNAHB has updated its housing affordability graph for 2025, and the latest data show that 76.4 million households, 57% out of a total of 134.3 million, are unable to afford a $300,000 home.
- Cost and Tariff Uncertainty Weighs on MarketsEquity markets are in correction territory as investors react to a flurry of public finance proposals, including the largest proposed tariff hikes since World War II. However, improved clarity is on the way. NAHB Chief Economist Robert Dietz provides additional analysis.
- The Lasting Impact of NAHB's Professional Women in BuildingNAHB is proud to celebrate Women’s History Month and the hard work of its Professional Women in Building Council (PWB). PWB serves as the voice of nearly 4,000 women in the building industry, supporting NAHB members at the local, state, and national levels.
- State HBAs Fight Local Roadblocks with Help From NAHB Legal Action FundThe NAHB Board of Directors recently approved six grants recommended by the Legal Action Committee at its latest meeting during the 2025 International Builders’ Show in Las Vegas last month.
- Are You a Top Builder? Pro Builder Wants to KnowPro Builder is looking for the leading companies in the home building industry for its Top 200 rankings.
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Eye On Housing
- Volume of Residential Construction Loans Falls in Q4 2024Higher interest rates and tight financial lending conditions have led to a decline in loans for new home construction. The total volume of acquisition, development, and construction (AD&C) loans outstanding from FDIC-insured institutions fell 1.02% to $490.7 billion, the third straight quarterly decline. The level of 1-4 residential construction loans, which include loans for the...
- Existing Home Sales Increased in FebruaryExisting home sales in February increased to the second highest level since March 2024, according to the National Association of Realtors (NAR). This rebound suggests buyers are slowly entering the market as inventory improves and mortgage rates decline from recent high in January. Despite rates easing, economic uncertainty may continue to constrain buyer activity. While...
- Fed Remains in Wait and See ModeIn a widely anticipated move, the Federal Reserve remained on pause with respect to rate cuts at the conclusion of its March meeting, maintaining the federal funds rate in the 4.25% to 4.5% range. While the central bank acknowledged that the economy remains solid, it emphasized a data- and policy-dependent approach to future monetary policy...
- U.S. Sawmill Production Capacity Constant in 2024Sawmill and wood preservation firms reported lower capacity utilization rates coupled with level production and capacity throughout 2024. Despite no growth in production in 2024, utilization rates have trended downwards since 2017 as sawmills have expanded production capability. Even with more production capability, real output has not followed as output remains lower than 2018. Capacity...
- Single-Family Housing Starts Hit 12-Month High in FebruaryLimited existing inventory helped single-family starts to post a solid gain in February, but builders are still grappling with elevated construction costs stemming from tariff issues and persistent shortages related to buildable lots and labor. Overall housing starts increased 11.2% in February to a seasonally adjusted annual rate of 1.50 million units, according to a...
