Upcoming Webinar: A Macro Outlook for 2024
Persistently high interest rates, record low housing affordability and elevated construction costs have created challenging conditions for the housing industry throughout 2023.
What macro economic factors will impact the industry in 2024? Find out during an upcoming webinar from Pro Builder on Tuesday, Dec. 12, at 11 a.m. ET.
NAHB Chief Economist Robert Dietz will provide a status check on key macro issues affecting the economy and the housing industry, from productivity and inflation, interest rates and Fed policy, the state of construction labor, and market sentiment among housing professionals. The presentation, hosted by Pro Builder Editorial Director Rich Binsacca, includes a live Q&A session for attendees.
Register today to attend.
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NAHB Endorses Dignity Act to Modernize America’s Immigration SystemNAHB supports comprehensive immigration reform legislation recently introduced in the House by Reps. Maria Salazar (R-Fla.) and Veronica Escobar (D-Texas) that would protect the nation’s borders and preserve critical workforces.
Economics
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Amid Market Challenges, Builder Expectations Rise in OctoberBuilder confidence in the market for newly built single-family homes was 37 in October, up five points from September and the highest reading since April, according to the NAHB/Wells Fargo Housing Market Index (HMI) released today.
Latest Economic News
Economics
Oct 14, 2025
Custom Home Building Share Declines in 2024In 2024, 17.5% of all new single-family homes started were custom homes. This share decreased from 18.8% in 2023 and from 20.4% in 2022, according to data tabulated from the Census Bureau’s Survey of Construction (SOC).
Economics
Oct 13, 2025
Hispanics Comprise Nearly One-Third of the Construction Labor ForceDiversifying the construction labor force remains a key priority amid persistent skilled labor shortages. According to the 2023 American Community Survey, non-Hispanic White workers still account for the majority of the construction industry at 57%. Hispanic workers now represent nearly one-third of the labor force at 32%, followed by non-Hispanic Black workers at 5% and non-Hispanic Asian workers at 1.8%.
Economics
Oct 10, 2025
Vinyl Surpasses Stucco as Most Used Principal Exterior Wall MaterialIn 2024, vinyl siding was the most used principal exterior wall material for homes started. It holds just over a quarter share of homes, slightly surpassing stucco for the first time since 2018.