National Association of Home Builders

Lower production and declining capacity pushed utilization rates higher, while lumber prices increased during the quarter.

Elevated mortgage rates and economic uncertainty weigh on buyer demand as new-home inventory reaches a 10.3-month supply.

Single-family spending increased 1.4% in April while remodeling rose 0.4% and remained 7.5% higher year-on-year.

Inventory rises to a 9.4-month supply as the median price increases to $422,500.

Canadian import taxes reach about 45% for many producers supplying U.S. builders.

Builders face economic uncertainty and affordability challenges, including higher construction costs, labor shortages, and elevated financing expenses.