News
Rising Rates Weigh on Mortgage Activity
2+ day, 3+ hour ago (373+ words) Mortgage application activity decreased month-over-month as the 30-year fixed mortgage rate rose. The Mortgage Bankers Association's (MBA) Market Composite Index, a measure of total mortgage application volume, declined 4. 3% from February on a seasonally adjusted basis but remained 30. 8% higher than a…...
Job Openings in Construction Decline in February
2+ day, 22+ hour ago (19+ words) Eye On Housing To schedule a presentation for your group email econ@nahb. org....
Which States and Construction Trades Depend the Most on Immigrant Workers?
3+ day, 5+ hour ago (451+ words) According to the government's occupational classification system, the construction industry employs workers across roughly 390 occupations. Of these, only 28 are construction trades, yet these workers account for about 60% of the total construction labor force. The remaining workers are in finance, sales,…...
Job Growth Rebounds in March
6+ day, 3+ hour ago (265+ words) Wage growth slowed in March, with average hourly earnings rising 3. 5% year-over-year. This pace is 0. 7 percentage points lower than a year ago. Importantly, wage growth has been outpacing inflation for nearly two years, which typically occurs as productivity increases. Despite March's…...
Iran Conflict Reverses Decline in Mortgage Rates
1+ week, 5+ hour ago (178+ words) Eye On Housing Mortgage rates, which dipped below 6% in February, climbed back up to end the month just under 6. 4%. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6. 18% in March, 13 points (bps) higher than February. The average 15-year rate also…...
Consumer Confidence Climbs Despite Oil Price Surge
1+ week, 23+ hour ago (501+ words) Consumer confidence in March rose to a three-month high as consumers" improved view of current business and labor market conditions outweighed weaker future expectations. Despite the increase, consumers remained concerned as inflation expectations surged to a seven-month high due to…...
Private Residential Construction Spending Slips in January
1+ week, 1+ day ago (303+ words) Private residential construction spending declined 0. 8% in January 2026, following two months of gains. This decline was driven by lower spending across single-family, multifamily construction, and home improvement. "Despite the monthly decline, total residential construction spending remained 2. 3% higher than a year ago....
Soft Construction Labor Market Shows Decline for Open Positions
1+ week, 2+ day ago (153+ words) The number of open jobs for the overall economy declined in February, falling from 7. 24 million in January to 6. 88 million in February. The February reading was down from a year ago (7. 24 million) due to a cooling labor market. Previous NAHB analysis…...
NAHB HBGI: Micro Markets Lone Bright Spot for Single-Family Building in Fourth Quarter
1+ week, 3+ day ago (401+ words) Eye On Housing NAHB HBGI: Micro Markets Lone Bright Spot for Single-Family Building in Fourth Quarter Single-family construction declined further in the fourth quarter in all but sparsely populated micro counties, according to the NAHB Home Building Geography Index (HBGI)....
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2+ week, 3+ hour ago (15+ words) State/Local Property Tax Revenue Rises Past $210 billion in the Fourth Quarter'Eye On Housing...