Homebuyers Gain Purchasing Power As Rates Dip to Lowest in 3 Months
The average mortgage rate fell to 6.67% in early July, giving homebuyers a $16,000 boost in purchasing power compared to
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Market Data
This Week’s Framing Lumber Prices
Softwood lumber prices held steady at $422 per 1,000 board feet on July 4, 2025, the lowest since October 2024,
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2024 Multifamily Construction: Units Completed Reaches 38-year High
Multifamily housing completions hit their highest level since 1986 in 2024, with 608,000 units finished, according to the NAHB’s analysis
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Millions of Homes Are Vacant in the U.S.
Home vacancy rates provide insight into housing demand, with high rates often signaling oversupply or reduced demand, which can impact
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Solid Job Growth in June
The U.S. labor market remained strong in June, with job growth driven mainly by state and local government and health
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US home price insights — July 2025
Home price growth has slowed significantly nationwide, with May marking the first time in over 13 years that annual gains
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Two or More Story Home Starts Rebound in 2024
In 2024, more than half of the new single-family homes built were two or more stories, reversing a slight dip
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May Private Residential Construction Spending Dips
Private residential construction spending declined for the fifth consecutive month in May, falling 0.5% due to reduced investment in single-family
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Pending Sales Fall As Home Prices Hit Another Record High
Home sellers are increasingly pulling back as the market shifts in favor of buyers, with new listings rising just 2.5%
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Elevated Rates are Challenging Affordability Conditions
High mortgage rates and economic uncertainty continued to sideline buyers in May, causing new single-family home sales to fall 13.7%
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FHA to Cut All Multifamily Mortgage Insurance
The FHA is proposing to lower multifamily mortgage insurance premiums (MIP) to a flat 25 basis points, the legal minimum,
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Mortgage Rates Hold Steady Despite Modest Uptick
In June, average mortgage rates remained steady, with the 30-year fixed rate at 6.82% and the 15-year at 5.95%, both
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Skilled Labor Shortage Costing U.S. Homebuilders
A new report by the Home Builders Institute and NAHB, conducted by the University of Denver, reveals that the U.S.
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Real Estate Mortgage demand drops to the lowest since April
Despite a drop in mortgage rates to their lowest level since April, mortgage applications for home purchases fell 3% last
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House Price Appreciation by State and Metro Area
In early 2025, the pace of home price increases began to slow down, growing by 4.7% compared to the same
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Mortgage Applications Dip in May amid Refinance Slowdown
Mortgage applications dropped by 5.5% in May, mainly due to a sharp decline in refinancing activity, according to the Mortgage
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Monthly Housing Costs Hit All-Time High
The spring home buying season is unremarkable, as it is holding homebuyers due to high housing costs and overall economic
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Framing Lumber Prices
The framing lumber composite price decreased 2.0% for the week ending on Dec. 13. Despite the decline, lumber prices are
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Single-Family Built-for-Rent Starts Post Year-Over-Year Gain
As builders sought to add additional rental housing in a market facing ongoing, elevated mortgage interest rates, single-family built-for-rent construction
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Resilient U.S. Housing Market Defies Lofty Rates
Continuing to defy notions of rising rates, much of the United States housing market has remained resilient to such, even
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New Single-Family Rentals Reach All-Time High, With Another 45,000 on the Way
Build-to-rent (BTR) is having a moment. Riding alongside the rise of hybrid work and millennials coming of home buying age
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February Gains for Single-Family Construction Spending
Private residential construction spending rose 0.7% in February, the third month of gains in a row, according to a NAHB
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Rising Supply Draws in Buyers, Even as Housing Payments Soar 10% to All-Time High
Reaching an all-time high, the average monthly housing payment in the United States hit $2,721 during the four weeks ending
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Moderating Interest Rates, Pent-up Demand Push Single-Family Starts Higher
Single-family starts reached their highest level in February since April 2022, driven by pent-up demand, moderating interest rates and lack
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New Existing-Home Sales Outlook Report Projects Uptick in Sales, Despite Rising Mortgage Rates
By Mark Fleming On average, nearly 40 percent of all existing-home sales in a year occur during the spring home-buying
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