Builder confidence ↑3 points from Early-Q2 to 37 in Mid-Q2, topping forecast 34, while still below the 50 favorable threshold for new homes. Current sales ↑3 points to 40; expected sales over next 6 mo ↑3 to 45; prospective buyer traffic ↑3 to 25 nationally. Regional Builder Confidence Northeast: ↑5 to 44 Midwest: ↑6 to 45 South: ↑2 to 36 West:...
Forecasts & Outlook
Housing starts fell 2.8% in April after a 12% rise in March, keeping activity near recent highs. The combined March-April performance was the best two-month stretch since late 2023. The housing sector has been weak since 2022 due to tighter monetary policy, with residential construction subtracting from GDP growth in most recent quarters. Multi-family activity shows some improvement, but single-family...
In Mid-Q2 2026, the builder sentiment index ↑3 to 37, topping the 34 estimate while showing modest improvement from the prior reading. Sales conditions ↑3 to 40, buyer traffic ↑3 to 25, and 6-mo sales expectations ↑3 to 45, giving builders better near-term signals. Builders are slightly less aggressive with outright price cuts: ~32% reduced prices, versus...
Recent mortgage demand showed momentum, with purchase applications ↑4% weekly and ↑7% yearly, signaling buyers are still active despite inflation concerns today. Overall applications, including refinances, ↑~2% recently as buyers looked beyond a hotter cost-of-living reading and changing mortgage rates for today’s purchase decisions. Federal inflation...
An expert expects South Florida housing to hold up despite economic headwinds, helped by a larger base of high-end cash buyers in the region. Cash buyers make up >50% of the market, giving the region demand support from purchasers less sensitive to rising mortgage rates overall. That buyer mix points to a market where rising mortgage rates may weigh less on...
In Q1 2026, US homeownership held near 65%, statistically steady quarterly and yearly, keeping the market in its narrow mid-65% range overall. Homeowner vacancy stayed near 1%, while rental vacancy sat in the low-7% range, signaling stabilization after a modest recent inventory recovery phase. The South led vacancy measures, while the Midwest posted the highest...
US builder sentiment fell to 34 in Early-Q2, missing the 37 expectation and dropping from 38 previously, signaling worsening conditions in residential construction. Key components also weakened: single-family sales fell to 37, buyer traffic slipped to 22, and 6-mo sales expectations dropped to 42. The index stayed below 50 through 2025 and into 2026, a sign that...
In 2026, the Midwest and Northeast are recommended for real estate investment due to stable, affordable growth compared to overheated markets. A "Great Housing Reset" is underway, shifting focus from rapid price hikes to strategic investing in cities with affordability, steady appreciation, and strong rental demand. Post-pandemic corrections have reduced appeal in some Sun Belt areas, while...
Miami home sales rebound is projected as rates hit near 6% again. Stable mortgage rates, rising affordability, and buyer confidence make Miami a top 2026 market. Miami ranks No. 2 nationally for buyers, meaning more negotiating power. Early 2026 buyers avoid future competition as demand and prices begin rising....
NAR forecasts 4.3M existing-home sales in 2025, ↑ 6%, but 0.6M below prior estimates. Affordability remains a key issue as home prices are now expected to ↑ 3% in 2025 and ↑ 4% in 2026....