Economics
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.
Advocacy
Advocacy
NAHB fights for our members on Capitol Hill, in your state and in the communities where you do business.
Housing Economics
Housing Economics
In-depth economic analysis of the most significant issues and latest trends driving the housing industry.
