Signals: What We're Tracking
Single-family starts fell 4.6% in September to an 859,000 annual rate, the lowest level in a year, according to Census data analyzed by NAHB. Starts are down 4.0% so far this year and declined in all four regions, and single-family permits dropped 4.0% in September. Read NAHB’s analysis →
Meanwhile: Builder confidence fell to its lowest reading since June 2012, according to the NAHB/Wells Fargo Housing Market Index. With mortgage rates above 7%, 43% of builders cut prices, the highest share they've recorded since 2020. See the builder confidence data →
Homeowner households earning at least $1 million a year grew 193% from 2020 to 2024, adding about 125,000 households in four years, according to RentCafe data analyzed by Realtor.com. Read their breakdown of million-dollar-income households →
Bloomberg Philanthropies is paying 30 cities to double their ADU pipelines or cut approval times in half within two years. Each city gets $450,000 to $750,000 and the first 14 cities include Nashville, Charleston and Durham. See which cities are on the list →
A Cold War-era bunker home buried beneath Las Vegas just sold for $4.55 million. Completed in 1978 for an Avon executive worried about nuclear war, the underground estate includes a pool, saunas and painted skies. See the Las Vegas bunker home →
