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Housing starts fell in July as economic uncertainty, rising construction costs, labor shortages and elevated financing expenses continued to challenge builders.

Overall housing starts decreased 12.4% in July to a seasonally adjusted annual rate of 1.24 million units, according to a report from the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. This pace reflects the number of housing units builders would begin over the next 12 months if July’s activity were sustained.

Within the total, single-family starts decreased 9.9% to an 808,000 seasonally adjusted annual rate and were down 15.7% compared to July 2025. On a year-to-date basis, single-family starts are down 6.9%. Given recent volatility, the three-month moving average provides a clearer signal, falling to 865,000 units.

Multifamily starts, which include apartment buildings and condominiums, decreased 16.8% from June to July to an annualized 431,000 pace. The three-month moving average for multifamily construction has trended lower to 414,000 units, and activity is 8.9% lower compared to year-earlier levels.

Regionally, on a year-to-date basis, combined single-family and multifamily starts were 11.7% higher in the Northeast, 3.0% lower in the South, 3.8% lower in the West, and 4.5% lower in the Midwest. Single-family starts were down in all four regions.

The total number of housing units under construction stood at 1.26 million in July, down 6.0% from a year earlier. Single-family homes under construction stood at 579,000 units, a 7.2% year-over-year decline. Multifamily units under construction slowed Single-to 683,000, down from peaks above 1 million units in December 2023 and 4.9% lower than a year ago.

Single-family completions slowed to an annualized rate of about 878,000 units, down 12.8% from a year earlier. On the same note, multifamily completions for buildings with five or more units declined 25.6% year over year to a 329,000-unit pace. On a year-to-date basis, total completions across both sectors are down 11.4%, reflecting ongoing challenges in the residential construction sector.

Looking ahead, overall permits increased 5.0% in July to an annualized rate of 1.44 million units. Single-family permits increased 2.5% to an 894,000-unit rate and are up 1.1% compared to July 2025. Multifamily permits climbed 9.4% to an annualized 549,000 pace and are up 6.4% compared to July 2025. Looking at regional permit data on a year-to-date basis, total permits were 14.3% higher in the Northeast, 2.6% higher in the Midwest, 2.1% higher in the West, but 4.7% lower in the South. For single-family permits, the Midwest was the only region to post an increase, rising 2.3%, reflecting relative strength in that region’s residential construction market.



This article was originally published by a eyeonhousing.org . Read the Original article here. .


Mortgage application activity declined again in May as higher mortgage rates continued to suppress the market, although adjustable-rate mortgages (ARM) gained some traction. According to the Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, applications fell 5.5% month-over-month in May on a seasonally adjusted basis. The decline was driven by refinance activity, which dropped 12.3% over the month, while purchase applications posted a modest 1.8% increase. Compared with a year earlier, however, total mortgage application activity remained 14.2% higher, with refinance applications up 26.4% and purchase applications rising 6.2%. Meanwhile, applications for adjustable-rate mortgages (ARM) rose 3.1% over the month, nudging the ARM share of total applications up to 9.0%.

The average contract rate for a 30-year fixed-rate mortgage increased 13 basis points (bps) to 6.54% in May, as conflict in Iran pushed Treasury yields higher. Nonetheless, the rate remained 36 bps lower than its level a year ago. As borrowing costs moved up, borrowers showed some renewed interest in ARMs, which can offer lower initial rates than fixed-rate loans.

By loan type, applications for ARMs increased 3.0%, while fixed-rate mortgages (FRMs) decreased about 6.1% from the previous month. On a year-over-year basis, applications for FRM and ARMs were up 12.4% and 38.2%, respectively. As of May 2026, ARMs applications, including both purchase and refinance loans, accounted for 9.0% of total applications on a non-seasonally adjusted basis, up 0.7 percentage points from the prior month and 1.5 percentage points a year earlier. The average contract interest rate for 5/1 ARMs was 5.7% in April.

Loan sizes increased across most categories in May, with refinance loans being the main exception. Consequently, the overall average loan size edged up 2.5% to $407,600. The average purchase loan size increased 2.2% to $465,000, while the average refinance loan size declined 1.5% to $321,000. The average ARM loan size edged up, decreasing 1.9% to $937,200.



This article was originally published by a eyeonhousing.org . Read the Original article here. .



Shelley Hugh-Jones Garden DesignSave Photo
After: Once Hugh-Jones cleared the overgrown vegetation, the yard held little beyond the mature oak tree, remnants of porcelain patio paving and a struggling lawn. She replaced the grass with gravel. “The lawn just looked untidy, and the homeowners found they were spending money on it every year,” she says. “Now there’s a lawn in the woodland area [seen in later photos] and gravel here — it works much better.

“The gravel sits within a honeycomb grid so it doesn’t kick everywhere, and it’s easier to walk on, but it still gives that lovely crunching sound,” Hugh-Jones says. “It’s much better than hard landscaping for drainage too.”

New inset paving stones connect the solid patio next to the house to the gravel paths that lead into the woodland area. “Having the paving stones running through leads you down into that space,” Hugh-Jones says. “I wanted the two spaces to merge and the beds on the right-hand side to merge into the gravel as well, keeping it very fluid.”

Choosing gravel over grass allows plants to spill over and soften the bed edges. Varieties such as Mexican fleabane (Erigeron karvinskianus, zones 6 to 9), grasses and thyme have been planted directly into the gravel, adding color and structure to the pathway. In the small square bed, the taller plants are white cosmos (Cosmos bipinnatus, zones 2 to 11) and ‘Amistad’ purple friendship sage (Salvia ‘Amistad’, zones 8 to 11).



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Existing home sales fell in January to a more than two-year low after December’s strong rebound, as tight inventory continued to push home prices higher and winter storms weighed on activity. Despite mortgage rates trending lower and wage growth outpacing price gains, limited resale supply kept many buyers on the sidelines. Resale inventory remained at lowest level since January 2025. Though home price appreciation has slowed in recent months, affordability remains a challenge.

Total existing home sales, including single-family homes, townhomes, condominiums, and co-ops, fell 8.4% to a seasonally adjusted annual rate of 3.91 million in January, according to the National Association of Realtors (NAR). This marks the lowest level since August 2024. On a year-over-year basis, sales were 4.4% lower than a year ago.

The existing home inventory level was 1.2 million units in January, down 0.8% from December but up 3.4% from a year ago. At the current sales rate, January unsold inventory sits at a 3.7-months’ supply, up from 3.5-months in December and January 2024. Inventory between 4.5 to 6 months’ supply is generally considered a balanced market.

Homes stayed on the market for a median of 46 days in January, up from 39 days in the previous month and 41 days in January 2025.

The first-time buyer share was 31% in January, up from 29% in December and 28% from a year ago.

The January all-cash sales share was 27% of transactions, down from 28% in December and 29% a year ago. All-cash buyers are less affected by changes in interest rates.

The January median sales price of all existing homes was $396,800, up 0.9% from last year. This marks the new high for the month of January and the 31st consecutive month of year-over-year increases. The median condominium/co-op price in January was up 3.8% from a year ago at $364,600. Recent gains for home inventory will put downward pressure on resale home prices in most markets in 2026.

Sales declined in all four major regions in January, ranging from 5.9% in the Northeast to 10.3% in the West. On a year-over-year basis, sales also fell across all regions, from 1.6% in the South to 7.9% in the West.

The Pending Home Sales Index (PHSI) is a forward-looking indicator based on signed contracts. The PHSI fell from 79.2 to 71.8 in December after four months of increases. On a year-over-year basis, pending sales were 3.0% lower than a year ago, according to the National Association of Realtors’ data. The decline suggests buyers are holding back due to limited inventory choices.



This article was originally published by a eyeonhousing.org . Read the Original article here. .



This Plymouth, Minnesota, primary bathroom was stuck in the past with two aging wood vanities, a tiny corner shower and a massive step-up tub with a tiled deck. The homeowners wanted more function, better storage and a splash of personality — especially for the wife, who uses the space most.

She turned to McDonald Remodeling with a collection of Houzz inspiration photos for a full transformation. A bold botanical print wallpaper sets the eclectic, resort-like tone. A custom rift-sawn white oak floating double vanity and matching makeup station boost storage, while a spacious open shower and freestanding tub give the room an airy, modern feel. Carefully chosen light fixtures, tiles, art and accessories layer in style and color, turning this once-bland bathroom into a joyful, tropical escape from Minnesota winters.



This article was originally published by a www.houzz.com . Read the Original article here. .



Time spent outdoors can be good for your health, and you can enhance your outdoor spaces to bring a sense of calmness and relaxation. “Spending time in nature has many physical and mental health benefits. According to the Mayo Clinic, it can be an effective tool for managing stress, even for a few minutes a day,” says Jamie Gold, a Mayo Clinic-certified wellness coach and author of the book Wellness by Design: A Room-by-Room Guide to Optimizing Your Home for Health, Fitness and Happiness.

Integrating ways to promote wellness outdoors can stray into more aspirational projects, such as cold plunges and saunas (and this list will too). However, since not everyone can live like a full-time lifestyle guru, below are plenty of simple and inexpensive other ways your outdoor spaces can help improve your health. Check out these 12 ideas for promoting wellness through the landscape to see which ones are a good fit for your home.



This article was originally published by a www.houzz.com . Read the Original article here. .



When this family purchased a home in California’s Oakland Hills, there wasn’t much in the steeply sloped backyard to encourage spending time outdoors. But what the yard lacked in usable space, it more than made up for in natural beauty, with sweeping views down a hillside of native oaks and redwoods.

Seeing the site’s potential, the homeowners enlisted Barry Sacher, owner of Rock Paper Scissors Landscape, to craft an outdoor retreat that would both serve their family’s needs and work in harmony with the landscape. “Embracing the existing natural landscape drove the design,” Sacher says. “It was and still is the star of the show.”



This article was originally published by a www.houzz.com . Read the Original article here. .


Single-family built-for-rent construction fell back in the second quarter, as a higher cost of financing crowded out development activity.

According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 12,000 single-family built-for-rent (SFBFR) starts during the second quarter of 2025. This is down significantly relative to the second quarter of 2024 (25,000 starts). Over the last four quarters, 71,000 such homes began construction, which is a 16% decrease compared to the 85,000 estimated SFBFR starts in the four quarters prior to that period.

The SFBFR market is a source of inventory amid challenges over housing affordability and downpayment requirements in the for-sale market, particularly during a period when a growing number of people want more space and a single-family structure. Single-family built-for-rent construction differs in terms of structural characteristics compared to other newly-built single-family homes, particularly with respect to home size. However, investor demand for single-family homes, both existing and new, has cooled with higher interest rates.

Given the relatively small size of this market segment, the quarter-to-quarter movements typically are not statistically significant. The current four-quarter moving average of market share (7%) is nonetheless higher than the historical average of 2.7% (1992-2012).

Importantly, as measured for this analysis, the estimates noted above include only homes built and held by the builder for rental purposes. The estimates exclude homes that are sold to another party for rental purposes, which NAHB estimates may represent another three to five percent of single-family starts based on industry surveys.

The Census data notes an elevated share of single-family homes built as condos (non-fee simple), with this share averaging more than 4% over recent quarters. Some, but certainly not all, of these homes will be used for rental purposes. Additionally, it is theoretically possible some single-family built-for-rent units are being counted in multifamily starts, as a form of “horizontal multifamily,” given these units are often built on a single plat of land. However, spot checks by NAHB with permitting offices indicate no evidence of this data issue occurring.

With the onset of the Great Recession and declines for the homeownership rate, the share of built-for-rent homes increased in the years after the recession. While the market share of SFBFR homes is small, it has clearly expanded. Given affordability challenges in the for-sale market, the SFBFR market will likely retain an elevated market share. However, in the near-term, SFBFR construction is likely to slow until the return on new deals improves.

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This article was originally published by a eyeonhousing.org . Read the Original article here. .



When you hear the word “retreat,” what comes to mind — writing in a cabin by a lonesome lake, engaging in spiritual study or practicing yoga on the beach? How about doing a retreat in your own home? It may at first seem like an improbable idea (although that yoga-on-the-beach thing sounds pretty good), but there are some surprising positives to crafting your own retreat at home. For one thing, it’s free. For another, you can decide exactly the sort of activities you want to focus on, including things that may not be combined in most retreats (novel writing and cupcake baking, anyone?). Check out these 10 steps to designing your own retreat in the comfort of your home.

Pearce Scott ArchitectsSave Photo
1. Decide on a Focus

Are you craving a spiritual retreat? Time to work on your craft, write, do yoga or meditate? Make a short list of the things you want to incorporate into your retreat so you can start planning.

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Raina Henderson Interior Design, LLCSave Photo
2. Get Your Household on Board

If you live with others, and especially if you have children, going on a retreat at home can be a challenge. Try to plan the retreat for a time when your family or housemates will be away, particularly during the day. At the very least, try to get everyone to agree to respect what you are doing. This includes not speaking to you too much if you decide to maintain silence (see No. 8) during your retreat. If you have children, it can be worthwhile to do a shorter (even a one-day) retreat when you know the kids will be out of the house.

3. Set an Intention

An intention is different from a goal. A goal might be, “I will meditate two hours each day,” whereas an intention could be, “I will be mindful and appreciate each moment.”

To set an intention for your retreat, answer these two questions:

What do you hope to gain from your retreat?
What do you hope your experience will be?Setting intentions before your retreat can help keep you focused on the experience you want to have.

SHKS ArchitectsSave Photo
4. Shop for Groceries and Plan Meals

Retreats you travel to, no matter what the focus, tend to offer fresh, healthful food — so try to offer yourself the same. Get the main work out of the way before your retreat begins, so you can focus on the good stuff.

Emily Roose InteriorsSave Photo
5. Gather Other Materials

Depending on what sort of activities you will be focusing on, you may want to pick up books, instructional videos, craft supplies, notebooks and pens, a yoga mat or meditation cushions.

6. Create a Schedule

Any proper retreat has a schedule mapped out in advance, and there’s no reason you can’t do the same. Decide what time you would like to rise, eat, work on your project, read, have downtime and go to sleep each day. Of course, the beauty of having an at-home retreat is that you are free to leave your schedule as open or as structured as you like.

Modify Interiors LLCSave Photo
7. Prepare Your Space

There’s no need to go overboard cleaning and scrubbing, but beginning your retreat in a neat, clean home will help set a positive tone. Plan to spend a few hours getting rid of clutter and cleaning up before you begin your retreat.

Pay special attention to clearing away clutter and electronic devices in the bedroom so you can sleep restfully. And elsewhere in the house, put away anything that reminds you of work or things you may be feeling stressed about.

Biotope Architecture and InteriorsSave Photo
8. Try Silence

Consider going without speaking during some or all of your retreat — you may be surprised how refreshing it can feel to get a break from constant chatter.

Of course, the more people in your household, the more difficult it will be. Perhaps someone else would like to participate in silence with you, or you can enjoy a silent break during the times you have the house to yourself. And, of course, talk if you really need to!

10 Tips for a More Peaceful Home

9. Unplug

If there is one thing that seems to be a given at a retreat, it’s that you disconnect your devices. No going online and no checking your phone or tablet. If you are used to being on your devices frequently, it can be hard to do, but it’s worth trying!

Tennille Joy InteriorsSave Photo
10. Consider Your Media Consumption

In addition to what you might be used to seeing online, consider taking a break from the things you usually read. Be intentional about the material you choose to read or watch during your retreat. If you want to read a book or watch a film, pick one that meshes with the intention you set for the retreat.

ODS ArchitectureSave Photo



This article was originally published by a
www.houzz.com . Read the Original article here. .


Existing home sales fell to 9-month low in June as home prices hit another monthly record high, according to the National Association of Realtors (NAR). Sluggish pace of sales suggest that higher mortgage rates and elevated home prices are continuing to sideline buyers, despite improved inventory conditions.

Mortgage rates have hovered between 6.5% and 7% due to ongoing economic and tariff uncertainty this year, prompting the Fed to pause interest rate cuts. With mortgage rates expected to stay above 6% for longer due to an anticipated slower easing pace in 2025, these prolonged higher rates and high home prices would continue to weigh on the market. As such, sales are likely to remain limited in the coming months.

Total existing home sales, including single-family homes, townhomes, condominiums, and co-ops, fell 2.7% to a seasonally adjusted annual rate of 3.93 million in June, the lowest level since October 2024. On a year-over-year basis, sales were unchanged from a year ago.

The existing home inventory level was 1.53 million units in June, down 0.6% from May, but up 15.9% from a year ago. At the current sales rate, June unsold inventory sits at a 4.7-months’ supply, up from 4.6-months in May and 4.0-months in June 2024. Inventory between 4.5 to 6 month’s supply is generally considered a balanced market.

Homes stayed on the market for a median of 27 days in June, unchanged from May but up from 22 days in June 2024.

The first-time buyer share was 30% in June, unchanged from May but up 29% from a year ago.

The June all-cash sales share was 29% of transactions, up from 27% in May and 28% a year ago. All-cash buyers are less affected by changes in interest rates.

The June median sales price of all existing homes was $453,300, up 2.0% from last year. This marked an all-time high for the month of June and the 24th consecutive month of year-over-year increases. The median condominium/co-op price in June was up 0.8% from a year ago at $374,500.  Recent gains for home inventory will put downward pressure on resale home prices in most markets in 2025.

Geographically, three of the four regions experienced a decline in existing home sales in June, with a decrease of 2.2% in the South, 4.0% in the Midwest, and 8.0% in the Northeast. Meanwhile, sales in the West rose 1.4%. On a year-over-year basis, sales were up in the Midwest (2.2%) and the South (1.7%) but were down in the West (-4.1%) and the Northeast (-4.2%).

The Pending Home Sales Index (PHSI) is a forward-looking indicator based on signed contracts. The PHSI rose from 71.3 to 72.6 in May, suggesting a solid labor market is supporting the market despite the elevated mortgage rates. On a year-over-year basis, pending sales were 1.1% higher than a year ago, per National Association of Realtors data.

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This article was originally published by a eyeonhousing.org . Read the Original article here. .

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