Macro Economic 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.
August 2025: Economy Rebounds While Housing Cools
NAHB Principal Economist Na Zhao recaps how the U.S. economy rebounded in Q2 and what the outlook is for the rest of 2025.
July 2025: Federal Reserve Faces a Difficult Decision
NAHB Economist Catherine Koh explains the key factors for the Federal Reserve as it considers potential rate cuts in the second half of 2025.
June 2025: Tariff Uncertainty Creates Headwinds
NAHB Director of Tax and Trade Policy Jesse Wade explains why the economy contracted in Q1 and how the ongoing tariff uncertainty will create challenges for U.S. businesses.
