National Association of Home Builders (NAHB)

Rising interest rates and building material supply-chain disruptions act as significant headwinds on the housing market.

The National Association of Home Builders (NAHB) is asking for Congress’ help in alleviating a nationwide affordability issue.

NAHB/Wells Fargo Housing Market Index fell two points in June to 67, the lowest HMI reading since June 2020. 

In contrast, multifamily construction growth in large population centers has rebounded during the same period.

Home Builders in the Northeast and South are the most optimistic.

'Housing Supply Action Plan' seeks to improve affordability by increasing housing inventory over the next five years.