The reports show higher mortgage rates taking a larger share of household income while applications for new-home purchases are falling.

For states aiming to boost affordable and market-rate inventory, a program like BILD provides a pathway for secure, scalable development.

Homes built in 2020 or later cost 10% to 15% less to insure per square foot than homes built between 1980 and 2010.

New builds are about the same price as existing homes on the market, but that is not due to rising regulatory costs builders have to pay.

The seasonally adjusted annual rate of 628,000 homes topped Wall Street’s estimates. 

The median sales price of new homes sold in April rose 8% to $422,500 from $391,100 in March, the U.S. Census Bureau and the Department of Housing and Urban Development reported.

Despite a monthly decline, the rate of new-home construction still came in above consensus estimates. 

Among the top 50 metro areas, Boston and Miami led the pack. 

Builder confidence saw a modest bump in May, but affordability challenges continue to weigh heavily on the housing market, according to new survey from the National Association of Home Builders. 

The 2026 National Housing Supply Summit was held in Washington, D.C., on March 18.

Illinois REALTORS® applauded the proposals, saying they “mirror the core pillars of Illinois REALTORS®’ legislative platform since 2020.”

Affordability challenges continue to bedevil homebuyers, despite mortgage rates falling to a three-year low, the National Association of Home Builders reported. 

Leaders from Chicagoland developers Lexington Homes and AK Custom Homes share their construction predictions.

Units in the 40-townhome community start at $449,990. 

The 18-acre development will offer 35 new-construction homes in the west-suburban community. 

The pace of new-home sales hit an annual rate of 800,000, its highest level since January 2022.