A new analysis from the National Association of Home Builders (NAHB) reported that the national median lot value declined in 2025. As the first barrier to building spec homes, the estimated 4% decrease is a positive trend for builders. While this data varies based on region, the Northeast and West reported record highs and a trend towards smaller lots. Builder concerns over lot shortages decreased since 2021, when it hit an all-time low. “According to the May 2025 NAHB/Wells Fargo Housing Market Index (HMI) survey, 64% of builders rated the…
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Remodeling spending outpaces the rest of residential construction
New data from the U.S. Census Bureau indicated that private residential spending decreased by 0.03% in June. Remodeling and home improvement was the only sector to increase in June, but only by 0.01%. In May, the remodeling sector contributed to the overall bump in construction spending. It was then revised to a 0.4% decline. Compared to a year ago, private spending for remodeling is down 7.2%. Despite the decrease, overall sentiment for remodeling remains positive with continued demand. “In contrast, improvement spending has been on an upward trend since 2023, supported…
Read MoreConstruction employment up 64,000 jobs nationwide
Data and analysis on construction employment indicate the sector remains stronger now than this time last year. According to the Bureau of Labor Statistics, employment posted gains in June, with a majority of states gaining jobs. Of the regions, Texas reported the largest numerical increase at 5,200 jobs, but percentage-wise, New Mexico recorded a+3.2% jump. California faced the sharpest numerical decline of 4,100, while Montana fell 1.6%. “Year-over-year, construction employment increased by 64,000 jobs nationwide, a 0.8% gain compared to June 2025. Texas led all states with an increase of…
Read MoreVinyl siding leads exterior wall materials
Research from the National Association of Home Builders (NAHB) shows that vinyl siding is the most used exterior wall material for single-family homes. The material is used on over a quarter of all homes, overtaking stucco for only the second time since 2018. The study also shows a strong trend of growth for fiber cement siding, steadily increasing from 3.20% to 22.61% over the past 25 years. The use of brick siding declines, falling from 24.5% in 2012 to 16.76% in 2025. The popularity is divided geographically, on par for…
Read MoreRemodeling market remains positive in second quarter
In the second quarter of 2026, the National Association of Home Builders Remodeling Market Index (RMI) posted a reading of 61, down one point compared to the previous quarter. Even with this slight decline, remodeler sentiment remains the standout sector within the housing industry. With current mortgage rates above the median outstanding rate for existing homeowners, the incentive to remodel instead of purchasing a new home persists due to this lock-in effect. The RMI is based on a survey that asks remodelers to rate various aspects of the residential remodeling…
Read MoreRenovation demand carries residential construction spending
According to recent data released from the U.S. Census Bureau, residential construction spending is up 0.3% from April and increased 1.8% year-over-year. This is largely attributed to an increase in remodeling spending, which rose 0.9% in May and 8.1% year-over-year. Remodeling was the only sector to report a monthly increase, with both new residential construction and multifamily construction reporting a 0.1% dip. “Improvement spending has been on an upward trend since the beginning of 2025, supported in part by the aging housing stock and sustained demand for renovation,” said Catherine Koh, an economist at the National…
Read MoreNAHB introduces first master remodeling professionals
The National Association of Homebuilders (NAHB) introduced its initial cohort of Certified Master Remodeling Professional (CMRP) and Certified Master Building Professional (CMBP). NAHB introduced the CMBP and CMRP credentials in April 2026 to provide a national stamp of credibility for qualified professionals. This accreditation requires 50 hours of qualifying education in the past five years and a minimum of five years working in a leadership role at a residential building or remodeling firm. 62 professionals currently hold the credential. “Any builder who’s been in business a few years should think…
Read More21st Century ROAD to Housing Act reaches executive branch
After the 21st Century ROAD to Housing Act was overwhelmingly approved by the House of Representatives on June 23, 2026, the bill reached the executive branch’s desk. The National Association of Home Builders (NAHB) applauded the passage and now urges the legislation to be signed. This once-in-a-generation housing package includes more than 50 sections addressing housing supply, financing, disaster recovery and other priorities. NAHB provided input to Congress on many parts of the bill, but five provisions are especially important to members: land-use and zoning, aging housing stock, multifamily financing,…
Read MoreHousing advocates urge Congress to address affordability
On June 10, 2026, more than 1,100 builders, remodelers and other housing industry professionals went to Capitol Hill to call for congressional action. Attendees urged Congress to improve affordability and help builders to increase the production of affordable, attainable homes. In more than 300 meetings with lawmakers, housing advocates focused on the following priorities aimed at improving affordability and increasing supply: landmark housing legislation, workforce development and immigration and permitting obstacles. “Members of the housing community from across the country are in Washington for the National Association of Home Builders…
Read MoreExisting home prices outpace new-builds
According to new analysis from the National Association of Home Builders (NAHB), an unusual trend continues to emerge in the housing market: new homes are less expensive than existing ones. While only a small gap, Q1 2026 reported the median price for  a new single-family home was $403,200, compared to an existing home at  $404,600. The relationship switched in the post-pandemic market with slow construction for new-builds and pandemic purchasers holding on to their low mortgage rates. Although, there are extreme regional pricing gaps across the U.S. In the South,…
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