New Residential Construction Analysis. August 2026 update
US Real Estate: New Residential Construction Analysis; August 2026 update
Report: "The multi-family housing debacle"
Within the report you'll discover:
->How the latest (2020-2024) real-estate boom was driven by large multi-family building structures.
-> Why building activity is set to decline in the coming months, with impact on employment and economic activity.
-> Visible patterns of the impact of the new immigration policies and their enforcement in 2025 and 2026. “Red” States most affected so far. “Blue” sanctuary States still relatively unscathed.
-> Weakness in the housing market is driven by multi-family structures.
-> Housing recovery will likely be led by single-family housing after the healing process is completed.
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This report investigates the US Census Bureau release on New Residential Construction. It provides a comprehensive analysis and update of the house building situation in the US, updated until the latest release during August 2026. It provides early evidence of a fragile housing market and points to further weakness ahead, particularly in multi-family housing.
We show that building permits for new projects have been declining which means that as the ongoing projects are completed, new projects won’t start and building activity is set to continue declining in the months ahead.
The change in immigration policies and their enforcement by Trump administrations from the 20th of January of 2025 reversed the multi-family housing boom. The report shows that the expansion of ICE infrastructure, increased forced deportations and self-deportations are impacting multi-family housing, particularly in “red” States, but not “blue” States or sanctuary areas.
We also show how home builder publicly traded stocks could be used as early warning for housing market downturns, which are currently flashing signs of weakness for the months ahead.
The report also provides insights into the type of real estate building structures that were most over-extended during latest 2020-2024 boom. On the other hand, insights into the sectors and regions in the US that will drive the subsequent recovery are identified.
Package Contents: US Real Estate report: "The multi-family housing debacle"
New Residential Construction Analysis: August 2026 Update
Important Notes:
- All purchases are final and non-refundable.
- While this report can be read as a stand alone item, it is complemented by the New Home Sales report which together provide a view of the overall situation of the US real estate market.
- These reports complement the full report on the US Economy Outlook for 2026 which provides an expanded analysis of the different factors impacting the US Economy.
- This report will be provided with a substantial discount to the purchasers of the full report.
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