In this issue

  • Mortgages average 6.49%

    Mortgages average 6.49%

    According to Freddie Mac’s Primary Mortgage Market Survey, released on July 9, 2026, the 30-year fixed-rate mortgage (FRM) averaged 6.49%. This report demonstrates that the FRM has remained relatively unchanged.

    “The 30-year fixed-rate mortgage averaged 6.49% this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Mortgage rates have not changed much recently, but economic growth and housing affordability continue to improve for homebuyers as they shop for homes in today’s market.”

    The most recently measured FRM is up from last week, when it averaged 6.43%. In July 2025, around this same time, the 30-year FRM averaged 6.72%. The 15-year FRM averaged 5.82%, up from the previous week when it averaged 5.79%. A year ago at this time, the 15-year FRM averaged 5.86%.

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  • A new era for homebuilding: 21st Century ROAD to Housing Act is law

    A new era for homebuilding: 21st Century ROAD to Housing Act is law

    The homebuilding industry celebrates a major legislative milestone this week: the 21st Century ROAD to Housing Act is officially law. Since the bipartisan bill was first introduced in 2025, it was shaped and championed by various industry organizations to increase housing development across the country.

    The bill, with over 50 sections, notably decreases regulatory barriers to building, including the modernization of HUD programs. The bill also aims to increase first-time homeowners with the expansion of local lending for housing construction and mortgages.

    “For too many Americans, finding an affordable home has become increasingly out of reach,” said American Institute of Architects 2026 President Illya Azaroff, FAIA, in a statement. “This law is an important step toward changing that. Architects are essential partners in creating housing that is safe, resilient and designed to meet the needs of every community. AIA has long advocated for policies that make it easier to build more housing and we will continue working with policymakers and federal agencies to help turn these reforms into homes people can live in.”

    “NAHB applauds Congress and the Trump administration for delivering a bipartisan housing victory for the American people. Strong support in both chambers makes clear that housing affordability is a national priority,” said Bill Owens, chairman of the National Association of Home Builders, in a statement. “By reducing regulatory barriers, helping builders increase supply and expanding opportunities for homeownership and rental housing, this landmark law is an important step toward easing the nation’s housing affordability crisis. We look forward to working with the administration and Congress to implement it.”

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  • Single-story home starts increase in 2025

    Single-story home starts increase in 2025

    According to the recent release of the Census Bureau’s Survey of Construction, while the gap between one-story and two-or-more-story shares has been relatively stable since 2021, 2025 saw a slight decrease in two-or-more-story starts. Two-or-more story starts dropped in 2025 to 51.4% from 52.2% in 2024.

    Meanwhile, the share of new homes with one story rose from 47.5% to 48.6%. Despite the decline, more than half of new homes built nationally in 2025 were two or more stories, though this share varied significantly across the nation.

    New homes started in the Midwest and the South generally favored single-story homes, while the Northeast and the West had higher shares of two or more stories.

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  • B&D Interview: Heather Laminack, NAHB PWB Chair

    B&D Interview: Heather Laminack, NAHB PWB Chair

    In the July issue of Builder and Developer, Laminack discusses her and NAHB’s efforts to expand the involvement of women in the residential building industry

    Builder and Developer: Where did your interest in residential construction begin?

     Heather Laminack: I come from a long line of builders. My family legacy began with my great-grandfather, Alexander Ferrier, who emigrated from Scotland to work as a stone mason on the Texas State Capitol in exchange for land. Over generations, the family trade evolved from masonry into structural concrete, building bridges across Texas. That foundation eventually led my dad to building the energy-efficient, high-performance homes that Ferrier Homes is now known for. I started helping in the family business at just nine years old, filing paperwork. That experience later turned into cleaning job sites, working as an accounts payable clerk in high school and later serving as office manager while in college. After graduation, I stepped into the role of general manager. Now, I’m involved in every facet of Ferrier Homes’ operations from sales to design to project management to accounting.

    B&D: Tell us a little bit about your role with the National Association of Homebuilders (NAHB) Professional Women in Building (PWB) Council:

    HL: I joined the PWB Council, an NAHB council dedicated to promoting professionalism among women in the residential building industry, in 2018 and am honored to serve as the 2026 National PWB Chair. I was raised to plant roots and give back to your community, and that philosophy extends to my NAHB involvement as well. Not just show up and leave, but come ready to serve and help others. 

    B&D: In this role, what are your priorities for advancing women in the residential construction industry?

    HL: As this year’s chair, I hope to build on the strong foundation laid by past leaders while expanding opportunities for skill development, networking and industry presence.

    My key initiatives for 2026 include: Relaunching a quarterly PWB Book Club focused on career growth and skill-building, expanding educational offerings through webinars, Shop Talks and workshops, strengthening workforce development initiatives such as SkillsUSA and focusing on retention by evaluating what strategies are working and where there is needed improvement. 

    B&D: Labor shortages continue to challenge builders nationwide, what role can women play in closing the skilled labor gap?

    HL: It’s not a surprise that this is a male-dominated industry, but it’s inspiring to see more women entering the residential construction world. There are more women in construction than ever before, and if we want to close the skilled labor shortage, we need to expand the workforce. Women belong and are needed in every lane of our industry, both from a workforce and a diversity perspective. Diversity is essential to achieving innovation & change; diversity of experiences, diversity of perspectives. Harnessing that diversity makes us stronger.

    B&D: What were some challenges you faced as a woman in construction? What did you learn from them?

    HL: Growing up in this industry, most of the roles I associated with women were office support staff. This is the path I took as well and learned a lot from while doing it! A barrier I faced, which I have heard others encounter as well, is when I wanted to expand beyond those duties. Women tend to be great at these roles and teams become dependent on them and scared when they want to move on! Looking back, I was waiting for someone to give me permission to step into a role that I didn’t see other women doing. But no one ever gave me that permission, I had to believe in myself and step confidently in the direction I wanted to pursue.

    B&D: What advice would you give to women entering the industry today who aspire to leadership roles?

    HL: For women considering leadership roles, locally or nationally, remember the mission is clear: Get involved! By plugging into subcommittees, working groups and task forces, members not only make an impact but naturally grow into leadership along the way. Showing up and digging into the work goes a long way. Don’t sit on the sidelines: We need your voice!

    B&D: Is there anything else you would like to add? 

    HL: Representation matters! Women of all ages need to see themselves represented in every facet of our industry. The NAHB PWB community exists to support, advocate and advance women in this core mission and our industry is better because of it.

    This is the full interview,  read the print version.

  • Mortgages average 6.49%

    Mortgages average 6.49%

    According to Freddie Mac’s Primary Mortgage Market Survey, released on July 9, 2026, the 30-year fixed-rate mortgage (FRM) averaged 6.49%.…

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