In a further sign that the housing market is rebounding from the COVID-19 pandemic, sales of newly built, single-family homes rose 16.6% to a seasonally adjusted annual rate of 676,000 units in May from a downwardly revised reading in April.

In a sign that housing stands poised to lead a post-pandemic economic recovery, builder confidence in the market for newly built single-family homes jumped 21 points to 58 in June, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

As the industry observes National Homeownership Month in June, recent housing data indicate the important role the residential construction industry will play in leading the U.S. economic recovery from the coronavirus pandemic, according to the National Association of Home Builders (NAHB). 

Confidence in the market for new multi-family housing weakened significantly in the first quarter of 2020, according to results from the Multifamily Market Survey (MMS) released recently by the National Association of Home Builders (NAHB).

In a signal that the housing market is showing signs of stabilizing and gradually moving forward in the wake of the COVID-19 pandemic, builder confidence in the market for newly built single-family homes increased seven points to 37 in May, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).

Surging job losses in March stemming from the COVID-19 pandemic contributed to a decline in U.S. median income and housing affordability in the first quarter of 2020, according to the most recent National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI).