Housing Markets & Conditions

House under construction
Featured Research

The Role of the Implied Guarantee Subsidy in FHLB Membership: Beautiful Politics but Ugly Policy

With residential construction, home improvements, and related household expenditures accounting for roughly a fifth of GDP, housing market conditions are a critical indicator of the economy’s health. Our annual State of the Nation’s Housing report and other publications provide comprehensive analyses of new and existing home prices and sales, rents and vacancy rates, construction and improvement spending, and financial market indicators.