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Despite affordability challenges, the share of Black households buying their first home is on the rise, increasing to 63% in 2023 from a record-low 35% in 2021. The best markets for Black home buyers are markets with the fewest restrictions on home-building activity. Removing roadblocks to housing construction could level the playing field. Black households are 29% more ... Read more

View the Blog Here: https://www.wsj.com/articles/BL-REB-34232

In another sign of America’s ongoing housing affordability crisis, the National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI) found that in the third quarter of 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home. Low-income ... Read more

The week-to-week framing lumber composite price increased 1.8% on Feb. 28, 2025, rising to $461 per 1,000 board feet. Lumber prices are now 14.4% higher than they were one year ago. NAHB continually tracks the latest lumber prices and futures prices, and provides an overview of the behaviors within the U.S. framing lumber market. The ... Read more

January, 5 2016 – Randy Hall, President of Luxor Homes, Inc. was elected to serve as a 2016 Board member of the Home Builders Association.

View the blog here: https://www.bostonfed.org/publications/research-department-working-paper/2014/house-price-growth-when-children-are-teenagers-a-path-to-higher-earnings.aspx Download the full Text Document The United States has a long history of promoting homeownership through the mortgage interest tax deduction, and home equity constitutes an important source of borrowing collateral. There is a sizable body of work studying how fluctuating house prices impact consumer behavior. Since college tuition costs ... Read more

Homeownership provides a wide range of benefits to households. In addition to providing households with a stable place to live, homeownership also offers an opportunity for households to accumulate assets and build wealth over time through equity. As of 2022, 66.1% of U.S. households owned their homes. For families that owned a home, the median ... Read more

The traditional price gap between new and existing homes was nearly nonexistent at the end of 2024. The median price for a new single-family home sold in the fourth quarter of 2024 was $419,200, a mere $9,100 above the existing home sales price of $410,100, according to U.S. Census Bureau and National Association of Realtors data (not seasonally adjusted – NSA). Typically, new ... Read more

Andrew Harnik/Getty Images President Donald Trump has imposed sweeping 25% tariffs on Canada and Mexico to pressure the U.S. neighbors to step up border enforcement—but homebuilders say they could boost new home prices. The tariffs on America’s two largest trading partners took effect early on Tuesday, along with an additional 10% tariff on China, after Trump said the countries had ... Read more