On a year-over-year basis, existing home sales saw a slight decrease, only 1.2% lower than in 2025. However, on a month-over-month basis, existing home sales fell for the third consecutive month as a result of both elevated home prices and mortgage rates. Homes stayed on the market for a median of 31 days in August 2026, up from 29 days in the previous month but unchanged from August 2025. Last month, existing home sales decreased across the four major regions: Sales in the Northeast decreased 4.0%, in the Midwest 3.1%…
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21st 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 MoreNAHB urges Congress to advance housing supply reforms
On May 21, 2026, the National Association of Home Builders (NAHB) Chairman Bill Owens, a home builder and remodeler from Worthington, Ohio, testified before the House Small Business Committee on how small builders can help close the nation’s housing gap. “NAHB estimates the country is facing a structural shortage of about 1.2 million homes,” said Owens. “Small builders are doing all they can to increase housing supply, but they cannot overcome the shortage as long as rising costs and system delays continue to hold back progress.” In his testimony, he…
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