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Share of Young Adults Living With Their Parents Drops to Decade Low

January 29, 2024 | Comments Off on Share of Young Adults Living With Their Parents Drops to Decade Low

Share of Young Adults Living With Their Parents Drops to Decade Low Despite record high inflation rates, rising interest rates and worsening housing affordability, young adults continued to move out of parental homes in 2022. According to NAHB’s analysis of the 2022 American Community Survey (ACS) Public Use Microdata Sample (PUMS), the share of young…

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Amidst Housing Slowdown, Exurban Areas Post Largest Construction Gains

December 11, 2023 | Comments Off on Amidst Housing Slowdown, Exurban Areas Post Largest Construction Gains

For the third consecutive quarter, single-family growth rates were negative for all geographic sectors of the nation, as exurban areas posted the largest increase in market share for both single-family and multifamily construction, according to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the third quarter…

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What Design Trends Will Have Staying Power in 2024?

November 27, 2023 | Comments Off on What Design Trends Will Have Staying Power in 2024?

For remodelers looking to elevate their businesses in the new year, staying on top of the latest housing trends is a must. In this installment of NAHB’s Remodeling Forecasts, Myths & Trends video series, sponsored by Lowe’s Pro, Pro Remodeler’s managing editor Caroline Broderick digs into which home design trends will have staying power in 2024. Having…

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In a Win for NAHB, Congress Extends Funding for NFIP

November 20, 2023 | Comments Off on In a Win for NAHB, Congress Extends Funding for NFIP

With the National Flood Insurance Program (NFIP) and federal government 48 hours away from a funding lapse, House and Senate lawmakers acted in a bipartisan manner to fund the operations of the federal government, including the NFIP, through early next year. NAHB has been at the forefront in working with lawmakers to find a solution…

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Rising Mortgage Rates Push Housing Affordability to Lowest Level in Index History

November 13, 2023 | Comments Off on Rising Mortgage Rates Push Housing Affordability to Lowest Level in Index History

Rising mortgage rates, elevated construction costs and limited existing inventory helped push housing affordability in the third quarter of 2023 to its lowest level in more than a decade. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 37.4% of new and existing homes sold between the beginning of…

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