The U.S. housing market, top to bottom, official data, refreshed automatically. Each colored figure is the change from a year ago; hover ⓘ for detail.
Where housing is being built
Building permits by metro, dot size is monthly volume, color is the change from a year ago.
More permits YoY Fewer permits YoYMay 2026
Home Prices
How fast US home values are rising or falling.
+0.8%
Case-Shiller National
Apr 2026iS&P CoreLogic Case-Shiller U.S. National Home Price Index, year-over-year change. The most-cited gauge of US home-price growth. ~2-month reporting lag.S&P / CoreLogic / FHFA via FRED (St. Louis Fed) ↗
Where prices are rising fastest and slowest, by US Census division.
+4.2%
New England
Apr 2026iFHFA Purchase-Only House Price Index, New England division (CT, ME, MA, NH, RI, VT), year-over-year change.FHFA via FRED (St. Louis Fed) ↗
+3.5%
Mid-Atlantic
Apr 2026iFHFA Purchase-Only House Price Index, Middle Atlantic division (NJ, NY, PA), year-over-year change.FHFA via FRED (St. Louis Fed) ↗
+4.4%
E.N. Central
Apr 2026iFHFA Purchase-Only House Price Index, East North Central division (IL, IN, MI, OH, WI), year-over-year change.FHFA via FRED (St. Louis Fed) ↗
+3.2%
W.N. Central
Apr 2026iFHFA Purchase-Only House Price Index, West North Central division (IA, KS, MN, MO, NE, ND, SD), year-over-year change.FHFA via FRED (St. Louis Fed) ↗
+1.3%
South Atlantic
Apr 2026iFHFA Purchase-Only House Price Index, South Atlantic division (DC, DE, FL, GA, MD, NC, SC, VA, WV), year-over-year change.FHFA via FRED (St. Louis Fed) ↗
+1.6%
E.S. Central
Apr 2026iFHFA Purchase-Only House Price Index, East South Central division (AL, KY, MS, TN), year-over-year change.FHFA via FRED (St. Louis Fed) ↗
+0.6%
W.S. Central
Apr 2026iFHFA Purchase-Only House Price Index, West South Central division (AR, LA, OK, TX), year-over-year change.FHFA via FRED (St. Louis Fed) ↗
+0.5%
Mountain
Apr 2026iFHFA Purchase-Only House Price Index, Mountain division (AZ, CO, ID, MT, NM, NV, UT, WY), year-over-year change.FHFA via FRED (St. Louis Fed) ↗
+0.2%
Pacific
Apr 2026iFHFA Purchase-Only House Price Index, Pacific division (AK, CA, HI, OR, WA), year-over-year change.FHFA via FRED (St. Louis Fed) ↗
Home Values by Metro
Typical home value across our markets, year-over-year.
-2.9%
South Florida
$475,622
May 2026iZillow Home Value Index (ZHVI) for the Miami, FL metro, the typical mid-tier home value, year-over-year change. Currently about $475,622.Zillow Home Value Index (ZHVI) ↗
+4.1%
New York
$727,625
May 2026iZillow Home Value Index (ZHVI) for the New York, NY metro, the typical mid-tier home value, year-over-year change. Currently about $727,625.Zillow Home Value Index (ZHVI) ↗
+0.3%
Los Angeles
$968,608
May 2026iZillow Home Value Index (ZHVI) for the Los Angeles, CA metro, the typical mid-tier home value, year-over-year change. Currently about $968,608.Zillow Home Value Index (ZHVI) ↗
-3.3%
Dallas
$366,823
May 2026iZillow Home Value Index (ZHVI) for the Dallas, TX metro, the typical mid-tier home value, year-over-year change. Currently about $366,823.Zillow Home Value Index (ZHVI) ↗
-2.0%
Houston
$308,306
May 2026iZillow Home Value Index (ZHVI) for the Houston, TX metro, the typical mid-tier home value, year-over-year change. Currently about $308,306.Zillow Home Value Index (ZHVI) ↗
+4.4%
Chicago
$353,998
May 2026iZillow Home Value Index (ZHVI) for the Chicago, IL metro, the typical mid-tier home value, year-over-year change. Currently about $353,998.Zillow Home Value Index (ZHVI) ↗
-1.7%
Phoenix
$448,352
May 2026iZillow Home Value Index (ZHVI) for the Phoenix, AZ metro, the typical mid-tier home value, year-over-year change. Currently about $448,352.Zillow Home Value Index (ZHVI) ↗
-6.0%
Austin
$428,524
May 2026iZillow Home Value Index (ZHVI) for the Austin, TX metro, the typical mid-tier home value, year-over-year change. Currently about $428,524.Zillow Home Value Index (ZHVI) ↗
-3.4%
Tampa
$360,738
May 2026iZillow Home Value Index (ZHVI) for the Tampa, FL metro, the typical mid-tier home value, year-over-year change. Currently about $360,738.Zillow Home Value Index (ZHVI) ↗
-0.4%
Charlotte
$390,321
May 2026iZillow Home Value Index (ZHVI) for the Charlotte, NC metro, the typical mid-tier home value, year-over-year change. Currently about $390,321.Zillow Home Value Index (ZHVI) ↗
-0.9%
Nashville
$455,958
May 2026iZillow Home Value Index (ZHVI) for the Nashville, TN metro, the typical mid-tier home value, year-over-year change. Currently about $455,958.Zillow Home Value Index (ZHVI) ↗
-2.9%
Denver
$573,221
May 2026iZillow Home Value Index (ZHVI) for the Denver, CO metro, the typical mid-tier home value, year-over-year change. Currently about $573,221.Zillow Home Value Index (ZHVI) ↗
-0.8%
San Francisco
$1,149,215
May 2026iZillow Home Value Index (ZHVI) for the San Francisco, CA metro, the typical mid-tier home value, year-over-year change. Currently about $1,149,215.Zillow Home Value Index (ZHVI) ↗
Rates & Borrowing
What it costs to finance a home or project right now.
Jun 2026iPrivately-owned housing units started, seasonally adjusted annual rate (thousands). The core gauge of how much new housing is breaking ground; shown as change from a year ago.U.S. Census Bureau / HUD via FRED (St. Louis Fed) ↗
-2.3%
Building Permits
Jun 2026iNew privately-owned housing units authorized by building permits, annual rate (thousands). A forward look at supply, permits lead starts. Change from a year ago.U.S. Census Bureau / HUD via FRED (St. Louis Fed) ↗
Single-family houses vs multifamily units breaking ground, 3-month average vs a year ago (multifamily starts are volatile month to month, so a single month overstates the swing).
-4.1%
Single-Family
895 K/yr
Jun 2026iPrivately-owned single-family housing starts, seasonally adjusted annual rate (thousands), 3-month-average vs a year ago (SA but volatile month to month).U.S. Census Bureau / HUD via FRED (St. Louis Fed) ↗
+9.7%
Multifamily (5+ units)
513 K/yr
Jun 2026iPrivately-owned housing starts in buildings with 5+ units, seasonally adjusted annual rate (thousands), 3-month-average vs a year ago (SA but volatile month to month). The apartment and condo pipeline.U.S. Census Bureau / HUD via FRED (St. Louis Fed) ↗
Building Permits by Metro
New housing units authorized across our markets, trailing 12 months vs the prior 12 (these metro series are not seasonally adjusted, so a single-month comparison is noise).
+37.1%
South Florida
1,860 units/mo
May 2026iNew private housing units authorized by building permits, Miami-Fort Lauderdale-West Palm Beach metro, trailing-12-month change (last 12 months vs the prior 12; NSA, so single-month YoY is noise).U.S. Census Bureau via FRED (St. Louis Fed) ↗
+9.1%
New York
4,547 units/mo
May 2026iNew private housing units authorized by building permits, New York-Newark-Jersey City metro, trailing-12-month change (last 12 months vs the prior 12; NSA, so single-month YoY is noise).U.S. Census Bureau via FRED (St. Louis Fed) ↗
+26.9%
Los Angeles
2,809 units/mo
May 2026iNew private housing units authorized by building permits, Los Angeles-Long Beach-Anaheim metro, trailing-12-month change (last 12 months vs the prior 12; NSA, so single-month YoY is noise).U.S. Census Bureau via FRED (St. Louis Fed) ↗
-6.5%
Dallas
5,315 units/mo
May 2026iNew private housing units authorized by building permits, Dallas-Fort Worth-Arlington metro, trailing-12-month change (last 12 months vs the prior 12; NSA, so single-month YoY is noise).U.S. Census Bureau via FRED (St. Louis Fed) ↗
-11.2%
Houston
4,969 units/mo
May 2026iNew private housing units authorized by building permits, Houston-The Woodlands-Sugar Land metro, trailing-12-month change (last 12 months vs the prior 12; NSA, so single-month YoY is noise).U.S. Census Bureau via FRED (St. Louis Fed) ↗
-5.5%
Chicago
1,352 units/mo
May 2026iNew private housing units authorized by building permits, Chicago-Naperville-Elgin metro, trailing-12-month change (last 12 months vs the prior 12; NSA, so single-month YoY is noise).U.S. Census Bureau via FRED (St. Louis Fed) ↗
-12.7%
Phoenix
2,994 units/mo
May 2026iNew private housing units authorized by building permits, Phoenix-Mesa-Chandler metro, trailing-12-month change (last 12 months vs the prior 12; NSA, so single-month YoY is noise).U.S. Census Bureau via FRED (St. Louis Fed) ↗
-27.5%
Austin
1,969 units/mo
May 2026iNew private housing units authorized by building permits, Austin-Round Rock-Georgetown metro, trailing-12-month change (last 12 months vs the prior 12; NSA, so single-month YoY is noise).U.S. Census Bureau via FRED (St. Louis Fed) ↗
+12.2%
Tampa
1,855 units/mo
May 2026iNew private housing units authorized by building permits, Tampa-St. Petersburg-Clearwater metro, trailing-12-month change (last 12 months vs the prior 12; NSA, so single-month YoY is noise).U.S. Census Bureau via FRED (St. Louis Fed) ↗
-13.9%
Charlotte
1,742 units/mo
May 2026iNew private housing units authorized by building permits, Charlotte-Concord-Gastonia metro, trailing-12-month change (last 12 months vs the prior 12; NSA, so single-month YoY is noise).U.S. Census Bureau via FRED (St. Louis Fed) ↗
-4.2%
Nashville
1,494 units/mo
May 2026iNew private housing units authorized by building permits, Nashville-Davidson-Murfreesboro-Franklin metro, trailing-12-month change (last 12 months vs the prior 12; NSA, so single-month YoY is noise).U.S. Census Bureau via FRED (St. Louis Fed) ↗
+1.9%
Denver
1,342 units/mo
May 2026iNew private housing units authorized by building permits, Denver-Aurora-Lakewood metro, trailing-12-month change (last 12 months vs the prior 12; NSA, so single-month YoY is noise).U.S. Census Bureau via FRED (St. Louis Fed) ↗
+1.2%
San Francisco
597 units/mo
May 2026iNew private housing units authorized by building permits, San Francisco-Oakland-Berkeley metro, trailing-12-month change (last 12 months vs the prior 12; NSA, so single-month YoY is noise).U.S. Census Bureau via FRED (St. Louis Fed) ↗
Rents by Metro
Typical asking rent across our markets, year-over-year.
+1.0%
South Florida
$2,693/mo
May 2026iZillow Observed Rent Index (ZORI) for the Miami, FL metro, typical asking rent across all home types, year-over-year change. Currently about $2,693/mo.Zillow Observed Rent Index (ZORI) ↗
+4.4%
New York
$3,503/mo
May 2026iZillow Observed Rent Index (ZORI) for the New York, NY metro, typical asking rent across all home types, year-over-year change. Currently about $3,503/mo.Zillow Observed Rent Index (ZORI) ↗
+1.2%
Los Angeles
$2,909/mo
May 2026iZillow Observed Rent Index (ZORI) for the Los Angeles, CA metro, typical asking rent across all home types, year-over-year change. Currently about $2,909/mo.Zillow Observed Rent Index (ZORI) ↗
-0.4%
Dallas
$1,678/mo
May 2026iZillow Observed Rent Index (ZORI) for the Dallas, TX metro, typical asking rent across all home types, year-over-year change. Currently about $1,678/mo.Zillow Observed Rent Index (ZORI) ↗
-0.8%
Houston
$1,639/mo
May 2026iZillow Observed Rent Index (ZORI) for the Houston, TX metro, typical asking rent across all home types, year-over-year change. Currently about $1,639/mo.Zillow Observed Rent Index (ZORI) ↗
+5.4%
Chicago
$2,266/mo
May 2026iZillow Observed Rent Index (ZORI) for the Chicago, IL metro, typical asking rent across all home types, year-over-year change. Currently about $2,266/mo.Zillow Observed Rent Index (ZORI) ↗
-0.5%
Phoenix
$1,742/mo
May 2026iZillow Observed Rent Index (ZORI) for the Phoenix, AZ metro, typical asking rent across all home types, year-over-year change. Currently about $1,742/mo.Zillow Observed Rent Index (ZORI) ↗
-2.5%
Austin
$1,635/mo
May 2026iZillow Observed Rent Index (ZORI) for the Austin, TX metro, typical asking rent across all home types, year-over-year change. Currently about $1,635/mo.Zillow Observed Rent Index (ZORI) ↗
-1.3%
Tampa
$2,018/mo
May 2026iZillow Observed Rent Index (ZORI) for the Tampa, FL metro, typical asking rent across all home types, year-over-year change. Currently about $2,018/mo.Zillow Observed Rent Index (ZORI) ↗
+0.3%
Charlotte
$1,740/mo
May 2026iZillow Observed Rent Index (ZORI) for the Charlotte, NC metro, typical asking rent across all home types, year-over-year change. Currently about $1,740/mo.Zillow Observed Rent Index (ZORI) ↗
+0.0%
Nashville
$1,798/mo
May 2026iZillow Observed Rent Index (ZORI) for the Nashville, TN metro, typical asking rent across all home types, year-over-year change. Currently about $1,798/mo.Zillow Observed Rent Index (ZORI) ↗
-1.7%
Denver
$1,910/mo
May 2026iZillow Observed Rent Index (ZORI) for the Denver, CO metro, typical asking rent across all home types, year-over-year change. Currently about $1,910/mo.Zillow Observed Rent Index (ZORI) ↗
+7.1%
San Francisco
$3,258/mo
May 2026iZillow Observed Rent Index (ZORI) for the San Francisco, CA metro, typical asking rent across all home types, year-over-year change. Currently about $3,258/mo.Zillow Observed Rent Index (ZORI) ↗
Time on Market by Metro
How fast homes sell, and how many are for sale, across our markets.
82 days
South Florida
42,976 for sale
Jun 2026iRealtor.com: median days a home spends on the market in the South Florida metro before going under contract, and the active listing count. Fewer days means a faster, tighter market.Realtor.com Research ↗
47 days
New York
38,910 for sale
Jun 2026iRealtor.com: median days a home spends on the market in the New York metro before going under contract, and the active listing count. Fewer days means a faster, tighter market.Realtor.com Research ↗
50 days
Los Angeles
19,232 for sale
Jun 2026iRealtor.com: median days a home spends on the market in the Los Angeles metro before going under contract, and the active listing count. Fewer days means a faster, tighter market.Realtor.com Research ↗
51 days
Dallas
29,628 for sale
Jun 2026iRealtor.com: median days a home spends on the market in the Dallas metro before going under contract, and the active listing count. Fewer days means a faster, tighter market.Realtor.com Research ↗
50 days
Houston
34,721 for sale
Jun 2026iRealtor.com: median days a home spends on the market in the Houston metro before going under contract, and the active listing count. Fewer days means a faster, tighter market.Realtor.com Research ↗
33 days
Chicago
13,809 for sale
Jun 2026iRealtor.com: median days a home spends on the market in the Chicago metro before going under contract, and the active listing count. Fewer days means a faster, tighter market.Realtor.com Research ↗
64 days
Phoenix
18,728 for sale
Jun 2026iRealtor.com: median days a home spends on the market in the Phoenix metro before going under contract, and the active listing count. Fewer days means a faster, tighter market.Realtor.com Research ↗
63 days
Austin
12,456 for sale
Jun 2026iRealtor.com: median days a home spends on the market in the Austin metro before going under contract, and the active listing count. Fewer days means a faster, tighter market.Realtor.com Research ↗
68 days
Tampa
18,022 for sale
Jun 2026iRealtor.com: median days a home spends on the market in the Tampa metro before going under contract, and the active listing count. Fewer days means a faster, tighter market.Realtor.com Research ↗
51 days
Charlotte
10,952 for sale
Jun 2026iRealtor.com: median days a home spends on the market in the Charlotte metro before going under contract, and the active listing count. Fewer days means a faster, tighter market.Realtor.com Research ↗
53 days
Nashville
11,823 for sale
Jun 2026iRealtor.com: median days a home spends on the market in the Nashville metro before going under contract, and the active listing count. Fewer days means a faster, tighter market.Realtor.com Research ↗
48 days
Denver
12,572 for sale
Jun 2026iRealtor.com: median days a home spends on the market in the Denver metro before going under contract, and the active listing count. Fewer days means a faster, tighter market.Realtor.com Research ↗
37 days
San Francisco
5,944 for sale
Jun 2026iRealtor.com: median days a home spends on the market in the San Francisco metro before going under contract, and the active listing count. Fewer days means a faster, tighter market.Realtor.com Research ↗
Jan 2026iU.S. rental vacancy rate: the share of rental units vacant and for rent. A lower rate means a tighter rental market and more pricing power for landlords.Census / Federal Reserve via FRED (St. Louis Fed) ↗
Construction Costs
What it costs to build right now, materials and labor.
Jun 2026iProducer Price Index for inputs to new nonresidential construction, year-over-year change. A broad gauge of what it costs to build commercial and multifamily projects.U.S. Bureau of Labor Statistics via FRED (St. Louis Fed) ↗
What it costs to finance a home or a project right now.
Weekly & daily · 2026-08-21iMortgage rates come from Freddie Mac (updated weekly). Treasury yields come from the U.S. Treasury (updated daily). The 2s10s spread is the 10-year yield minus the 2-year, a widely watched recession signal when negative.Freddie Mac · U.S. Treasury ↗
6.65%
30-yr fixed
5.95%
15-yr fixed
4.24
2-yr Treasury
4.74
10-yr Treasury
+0.50
2s10s spread
Buyer Demand
How fast new homes are selling, how much is unsold, and the price.
Monthly · Jun 2026iSales pace = the month's new-home sales projected out to a full year. Months of supply = how many months to sell every new home currently listed. Median = the middle sale price. Updated monthly by the Census Bureau.U.S. Census Bureau, New Residential Sales ↗
628K
New-home sales (yearly pace)
▼ 5.6% vs. Jun 2025
9.3 mo
Months of supply
How long to sell current inventory
$398,300
Median sale price
▼ 2.7% vs. Jun 2025
Homebuilding
New homes breaking ground, getting approved, and finishing.
Monthly · Jul 2026iNumber of U.S. homes that broke ground, got permitted, and were finished in the month. Updated monthly by the Census Bureau. The colored figure is the change from the same month a year earlier.U.S. Census Bureau, New Residential Construction ↗
111.2K
Homes started
▼ 14.1% vs. Jul 2025
129.9K
Permits issued
▲ 5.5% vs. Jul 2025
105.1K
Homes completed
▼ 17.2% vs. Jul 2025
Houses vs. Apartments
Whether builders are starting single-family houses or apartment/condo units.
Monthly · Jul 2026iThe month's home starts split by type: detached single-family houses vs. units in apartment/condo buildings. Change is vs. the same month a year earlier.U.S. Census Bureau, New Residential Construction ↗
72.8K
Single-family homes started
▼ 16.6% vs. Jul 2025
37.6K
Apartment/condo units started
▼ 6.7% vs. Jul 2025
Who's Housed
How many own vs. rent, and how much housing sits empty.
Quarterly · 2026 Q2iShare of U.S. households that own (vs. rent) their home, and the share of rental and for-sale homes sitting empty. Updated every quarter by the Census Bureau. Change is in percentage points vs. the same quarter a year earlier.U.S. Census Bureau, Housing Vacancies & Homeownership ↗
Two numbers moving opposite directions. The cost of money is climbing while the price of the product falls, and the spread comes out of builder margin.
