Macroeconomic Outlook

Economics
Each month, leading economists at NAHB provide the latest insights on the current and future state of the U.S. economy and explain how key factors will impact the housing industry. Some of the key macroeconomic issues examined in these monthly reports include inflation, interest rates, material prices, employment and more.

July 2026: Labor Market Momentum Slows 

NAHB Senior Economist Fan-Yu Kuo examines the economic expansion in the U.S. earlier in the year and NAHB's forecast regarding the potential for a recession in the latter part of 2026. 

June 2026: Recession Odds Rise

NAHB Economist Eric Lynch discusses household savings, the labor market, inflation, mortgage rates, and NAHB’s new index: State Projections of Remodeling.

May 2026: Inflation Outpaces Wage Growth for First Time in Three Years

Jesse Wade, NAHB’s director of tax & trade policy analysis, recaps the effects of the Iran war on the American and global economies, and reveals price projections for the coming months.

Housing and Interest Rate Forecast Industry data from 2021 to 2027.