National Association of Home Builders (NAHB)

But latest new home sales report shows July 2025 sales stayed about flat from June’s upwardly revised rate

Houses trending smaller as builders contend with affordability issues

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