- Owner-Occupied Single-Family Housing Units Across Congressional Districtsby Jing Fu on October 28, 2024
With elevated interest rates and rising home prices, 103.5 million households in the United States cannot afford a $495,750 median-priced new home. The growing affordability crisis makes housing a top issue for voters in the 2024 presidential election. Both presidential candidates have offered […]
- Mortgage-Free Homeowners by Congressional Districtsby Na Zhao on October 25, 2024
As of 2023, nearly 40% of homeowners in the United States are mortgage-free, the highest level seen in the past 13 years. With elections approaching, it is valuable to analyze the share of mortgage-free homeowners across congressional districts, as these patterns often provide insights into the […]
- All-Cash Sales and Prices Decline in the Third Quarterby Fan-Yu Kuo on October 25, 2024
 All-cash purchases accounted for 7.9% of new home sales in the third quarter of 2024, marking the highest level this year but lowest level for the third quarter since 2022, according to NAHB analysis of the latest Census Quarterly Sales by Price and Financing report. Among mortgaged home sales, […]
- Homeownership Rates for Young Adultsby Fan-Yu Kuo on October 24, 2024
With housing affordability at a multidecade low, housing costs have become a major issue in the 2024 presidential election. While NAHB reports the national homeownership rate from the Census Bureau’s Housing Vacancy Survey on a quarterly basis, examining characteristics across congressional […]
- New Home Sales Improve in Septemberby Jing Fu on October 24, 2024
Home buyers moved off the sidelines in September following the Federal Reserve’s recent move to cut interest rates for the first time in four years. Sales of newly built, single-family homes in September increased 4.1% to a 738,000 seasonally adjusted annual rate from a downwardly revised […]