Macroeconomic Outlook
Each month, leading economists at NAHB provide the latest insights on the current and future state of the U.S. economy and explain how key factors will impact the housing industry. Some of the key macroeconomic issues examined in these monthly reports include inflation, interest rates, material prices, employment and more.
January 2026: Third Quarter GDP Growth Surprises Analysts
NAHB Director of Tax & Trade Policy Analysis Jesse Wade examines why GDP growth exceeded expectations in the third quarter of 2025 despite weak residential fixed investment.
December 2025: Job Market Shows Signs of Cooling
NAHB Principal Economist Na Zhao recaps a weak job market report and the impact of the Federal Reserve’s decision to cut rates at its December meeting.
October 2025: Mortgage Rates Fall to Lowest Level of the Year
NAHB Senior Economist Fan-Yu Kuo explains why the housing market has remained sluggish this year, but there is reason for increased optimism among builders.
