Economics

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NAHB’s Economics team provides in-depth economic analysis of the most significant issues and latest trends driving the housing industry. You can learn more about what’s happening in your market with NAHB’s State and Local Data, including permit data, employment information, and new and existing homes sold by region.

Housing Market Snapshot
Housing Starts
Total: 1.68 million&uarr
(November 2021)
Single: 1.17 million↑

Multi: 506,000↑
Home Sales*
New: 744,000↑
(November 2021)
Existing: 6.46 million↑

Median Home Prices
New: $416,900↑
(November 2021)
Existing SF: $362,600↑

* Seasonally Adjusted Annual Rate; Arrows indicate the direction from the previous month for starts and sales and year for prices.

NAHB/Wells Fargo Housing Market Index: The index, which measures builder confidence in the market for newly built single-family homes, rose one point to 84 in December 2021 from a reading of 83 in November 2021. Any number over 50 indicates that more builders view sales conditions as good than poor.

Homeownership Rates

According to the latest Survey of Consumer Finances, the overall homeownership rate increased to 64.9% in 2019. Among four race and ethnicity groups:

  • White (non-Hispanic) households: 73.7%
  • Multiple race households: 54.2%
  • Hispanic households: 47.6%
  • Black households: 45%

Learn more in this Eye on Housing blog post.

Access More Housing Economics Get the latest economic news and analysis from NAHB's team of economists.
Housing’s Economic Impact See estimates of the jobs, income, and taxes generated from typical single-family and multifamily housing projects.
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Housing Economics
<p>In-depth economic analysis of the most significant issues and latest trends driving the housing industry.</p>

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In-depth economic analysis of the most significant issues and latest trends driving the housing industry.

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<p>Get the latest updates on key developments in the housing industry.</p>

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Get the latest updates on key developments in the housing industry.

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