National Association of Home Builders (NAHB)

Stays negative for 16th consecutive month, though showing strong regional variation

Amid expectations for a slowdown, data offers a glimmer of momentum, but challenges persist

Existing homes now cost more than new builds, with a median gap of $18.6K in Q2 2025

A sharp rise in construction wages hasn’t solved the industry’s labor shortage — and meanwhile, is driving up prices for homebuyers

Change reflects builders looking to maximize affordability; buyers wanting more space better off shopping older homes

The nation’s top 10 builders increased their share of new home sales from less than 10% in 1989 to nearly 50% 35 years later