EPA Declares Pre-2015 WOTUS Rule Now in Effect
Latest from NAHBNow
Based on data from the latest New-Construction Insights report from Realtor.com, out-of-town buyers are driving the new construction market. See which areas are drawing the most interest.
The recently enacted 21st Century ROAD to Housing Act includes a key NAHB-backed provision that will streamline environmental reviews, reduce permitting delays and provide greater certainty for builders.
Latest Economic News
The percentage of new apartment units that were absorbed within three months after completion was down five percentage points in the first quarter, according to the Census Bureau’s latest release of the Survey of Market Absorption of New Multifamily Units (SOMA).
New single-family home size had been falling since 2015 in response to declining affordability conditions. An exception occurred in 2021, when new home size increased as interest rates reached historic lows.
The latest report shows the Federal Reserve’s preferred inflation gauge remains sticky in July, complicating the Fed’s path to its long-term 2% target. Meanwhile, consumer spending remains resilient but is showing signs of slowing, with real consumer spending unchanged in July. Households are pulling back on spending amid persistent inflation.