The Tulsa region recorded 173 new housing starts in May, bringing the 2026 total to 1,050 homes as builders continue adding inventory across northeastern Oklahoma.

New home sales slowed in May as elevated mortgage rates, rising construction costs, and ongoing affordability challenges continued to impact housing demand. According to newly released federal data, sales of newly built single-family homes declined 7.3% from April and remain below year-ago levels. Home builders across the country are navigating economic uncertainty while working to meet buyer demand through incentives and pricing adjustments. Read the full article for the latest housing market data, new home sales trend

U.S. housing starts fell sharply in May as high mortgage rates, rising construction costs and ongoing labor shortages continued to challenge builders. New data shows declines in both single-family and multifamily construction, signaling continued affordability pressures and cautious market conditions across the housing industry.

NAHB applauds congressional leaders for advancing the 21st Century ROAD to Housing Act, landmark legislation aimed at expanding housing opportunities, strengthening homeownership and addressing housing affordability challenges nationwide. The bipartisan housing package now heads to the Senate as industry leaders urge Congress to move it across the finish line.

Builder confidence in the housing market fell in June as elevated mortgage rates, rising material costs and affordability challenges continue to weigh on new home construction. The latest NAHB/Wells Fargo Housing Market Index highlights ongoing obstacles to increasing housing supply, with builders calling for regulatory reforms and workforce solutions to address the nation’s housing shortage.

Housing leaders from across the country met with Congress to push for solutions that address affordability, streamline permitting, strengthen the construction workforce, and increase the supply of attainable housing.

Government regulations now account for more than $131,000 of the cost of a new home, according to a new NAHB study. Learn how rising fees and building requirements are impacting housing affordability nationwide.