U.S. Labor Market Softens in July

Aug 7, 2026

The U.S. labor market weakened in July, with nonfarm payrolls down 23,000 and downward revisions cutting another 103,000 jobs from May and June. Although the unemployment rate edged lower to 4.1%, the decline reflected a smaller labor force rather than stronger hiring, as overall participation fell to its lowest…

Homebuilders Economy United States

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Publisher: NAHB — Eye on Housing
Obtained from: NAHB — Eye on Housing
Published: Aug 7, 2026
Last updated: Aug 8, 2026 (3 days ago)

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Mortgage Applications Fall Across Loan Types in July

Mortgage application activity slowed in July amid continuation of the war in Iran. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, declined 6.6% month-over-month in July on a seasonally adjusted basis. Compared to a year ago, total mortgage…

HomebuildersEconomyDebt & FinancingnationalUnited States

Updated todayPublished Aug 12, 2026

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NAHB — Eye on Housing

Existing Home Sales Fall in July

Existing home sales continued to slow in July as record-high home prices and elevated mortgage rates weighed on buyers. Mortgage rates resumed an upward trend after the ceasefire ended in early July. Heightened geopolitical uncertainty and an increasingly hawkish stance from the Fed pushed rates to nearly 6.7% last…

HomebuildersEconomyDebt & FinancingnationalUnited States

Updated todayPublished Aug 11, 2026

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NAHB — Eye on Housing

Weaker Demand for Residential Mortgages in Second Quarter

Demand for all types of residential mortgages was weaker, while lending standards for most were essentially unchanged in the second quarter of 2026, according to the recent release of the Senior Loan Officer Opinion Survey (SLOOS). For commercial real estate (CRE) loans, lending standards for construction &…

HomebuildersEconomyDebt & FinancingnationalUnited States

Updated todayPublished Aug 11, 2026

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NAHB — Eye on Housing

Three States Drive Over 20% of Remodeling Activity

The National Association of Home Builders (NAHB) has released its State Projections of Remodeling (SPR) for the first quarter of 2026. As a reminder, the SPR provides on a quarterly basis a state-level estimation of the market share and total dollar value of remodeling spending. The SPR is a statistical model…

HomebuildersEconomynationalUnited States

Updated 1 day agoPublished Aug 10, 2026

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NAHB — Eye on Housing

Wage Growth for Residential Building Workers Continues to Cool

Wage growth for residential building workers continued to lose momentum in the second quarter of 2026, reflecting softer housing construction activity and weaker labor demand. According to the latest data from the U.S. Bureau of Labor Statistics, both nominal and inflation-adjusted wages have weakened further,…

HomebuildersEconomynationalUnited States

Updated 1 day agoPublished Aug 10, 2026

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NAHB — Eye on Housing

Multifamily Developer Confidence Weakens in Second Quarter

Confidence in the market for new multifamily housing weakened year-over-year in the second quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 43, down three…

MultifamilyUnited States

Updated 3 days agoPublished Aug 6, 2026

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