Single-family housing starts are expected to increase 0.2% in 2025 to an annual rate of 1.01 million units, according to the National Association of Home Builders.
Starts are expected to rise an additional 4% to 1.05 million units in 2026.
NAHB expects a slight rise in starts because of anticipated regulatory reform and tax cuts that could help businesses. It is only expecting a slight increase as tariffs and immigration actions could have an adverse impact on housing costs and supply.
“Home builders and remodelers are dealing with positive and negative risks in the months ahead,” NAHB Chief Economist Rob Dietz said in a statement. “With shelter inflation still rising at a 4.4% annual clip and a housing shortage of roughly 1.5 million units, the best way to bend the rising housing cost curve is for the Trump administration and Congress to enact policies that will allow builders to construct more attainable, affordable housing.”
Read the full forecast here.
