With inflation gradually easing and builders anticipating mortgage rates will moderate in coming months, builder sentiment moved higher for a second consecutive month despite challenging affordability conditions. Builder confidence in the market for newly built single-family homes was 43 in October, up two points from a reading of 41 in September, according to the National…

During the second quarter of 2024, the volume of total outstanding acquisition, development and construction (AD&C) loans posted the largest year-over-year percentage decline since 2012, as interest rates remain elevated before the beginning of the Fed cutting short-term interest rates in September. AD&C loan conditions will improve as the Fed progresses in its policy easing…

We’re excited to introduce a new way for you to stay informed about the latest trends in housing and construction economics: our Eye on Housing Highlights video series! For each edition, we will highlight top research topics including construction statistics, housing affordability, policy research, NAHB surveys, macroeconomics, financial indicators and more. You can find these…

Crafted with meticulous attention to detail, this culinary masterpiece effortlessly blends classic farmhouse charm with modern elegance. A stunning two-story black hood dominates the space, setting a bold and captivating tone. Timeless white cabinets create a harmonious contrast, while the towering clerestory windows bathe the open kitchen and living space in natural light. At the heart of the kitchen lies an expansive island, serving as both a functional workspace and a gathering spot for friends and family. The mix of…

Over the first eight months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 685,923. On a year-over-year (YoY) basis, this is an increase of 11.5% over the August 2023 level of 615,453. Year-to-date ending in August, single-family permits were up in all four regions. The range of permit increases spanned…

In 2023, 64.8% of all new single-family homes started were built within a community or homeowner’s association. This share increased from the 62.6% recorded in 2022, according to data tabulated from the Census Bureau’s Survey of Construction (SOC). This marks the third highest share since the beginning of the series in 2009, after the high…

Nationally, across the 86 million owner-occupied homes in the U.S., the average annual real estate taxes paid in 2023 was $4,112, according to NAHB analysis of the 2023 American Community Survey. Homeowners in New Jersey continued to pay the highest real estate taxes, paying an average of $9,572, 30.6% higher than the second highest, New…

The Elizabeth Peabody Public School, designed by architect W. August Fiedler in 1894, is a prominent example of late 1800s Chicago public school architecture. The four-story structure features intricate detailing using stone, brick, terra cotta and decorative metal in the Romanesque/Classical Revival style. After the closure of several Chicago public schools in 2013, the Peabody School was sold through public auction for redevelopment into 23 apartments. Now a city of Chicago historic landmark, this adaptive reuse project successfully blends modern…

The 7th Street house responds to the Berkeley vernacular by reassessing contextual response and reconfiguring contemporary residential space. 1920s Bungalows extend across the flats of Berkeley, providing efficient wood-framed housing in walkable, level neighborhoods. These bungalows share a spatial typology and relationship to the street: a simple rectangular plan filled with rooms abutting each other. Each room houses one typical residential program: sleeping, cooking, bathing or socializing. Interiors are dark and cramped, without transition spaces. n order to create a…

Prices for inputs to new residential construction—excluding capital investment, labor, and imports—decreased 0.6% in September according to the most recent Producer Price Index (PPI) report published by the U.S. Bureau of Labor Statistics. Compared to a year ago, this index was down 0.1% in September after an increase of 1.0% in August. The inputs to…