News

Housing Starts Solid But Permits Weaken in June

Housing production was steady in June, although permit issuance weakened as higher construction costs and other supply limitations are deferring and delaying some construction projects. Overall housing starts increased 6.3% to a

Lot Size Remains Low in 2020

The median lot size of a new single-family detached home sold in 2020 stands at 8,306 square feet, or just under one-fifth of an acre. This is slightly larger but statistically not

Private Residential Spending Edges Up in May

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.2% in May to a seasonally adjusted annual rate of $751.7 billion. Total private residential construction spending

Architecture Billings Continue Historic Rebound

Demand for design services from U.S. architecture firms continues to grow at a vigorous pace, according to a new report today from The American Institute of Architects (AIA). AIA’s Architecture Billings Index