Market Data + Trends

Insurance

Amid High Housing Costs, Home Insurance Rates Continue to Rise

While home insurance costs are rising more rapidly in states affected by climate change, midwestern states are also grappling with expensive insurance premiums

Aerial view of residential community on large body of water

Build to Rent

Single-Family Build-to-Rent Sector Heats Up, While Multifamily Slows

The key to successful B2R communities is finding land in 'fringe' markets

Demographics

Could Being Part of the Sandwich Generation Help Millennials Afford a Home?

Some say living in a multigenerational household has helped them to afford a home, but others say it's been a financial burden

Multi-generational family sits around dinner table enjoying a meal

Affordability

Current Housing Market Conditions Likely to Persist Through at Least 2026

Bank of America economists warn high housing costs will persist as there isn’t a “magic fix” to solve the affordability crisis

Market Data + Trends

Home Construction Slowdown Drives Decrease in Lumber Prices

As home construction activity declines, the price of lumber drops by 24%

Stacks of wooden boards in a lumber yard

Demographics

Younger Generations Are Spending More of Their Monthly Wages on Housing

Survey data show 52% of Gen Z and Millennials are spending more than half of their earnings on housing costs alone

Individual sits at table while typing on laptop, in front is a model house with stacks of coins and cash with up arrow to show increasing costs

Single-Family Homes

New Single-Family Starts Down 7% Year-Over-Year

In 2023, six out of nine US Census-designated regions recorded a decrease in single-family construction

An upward view of a single-family home under construction

Affordability

As Starter Homes Become Increasingly Difficult to Afford, Black Households Are at an Even Greater Disadvantage

Black families can afford a starter home in just 10 of the 50 most populous metros, including Detroit and St. Louis

Housing Markets

These Are the Coldest Housing Markets Right Now

Several southern states topped the list, making them more affordable options for buyers looking to find a good deal

Affordability

How Long Does It Take Minimum Wage Earners to Afford a Down Payment?

The length of time varies by state, with minimum wage earners in Utah taking the most time to save for a down payment and those in Illinois taking the least

View of residential neighborhood in Salt Lake City during sunset

Home Builders Institute's Schools to Skills Grant Application Open Through December

As Mortgage Rates Rise, Buyers Lose Purchasing Power

Renters Are Choosing Single-Family Homes for These Features