Eye On Housing – NAHB Discusses Economics & Housing Policy

NAHB estimates that $184 billion worth of goods were used in the construction of both new multifamily and single-family housing in 2023. Additionally, we estimate that $13 billon of those goods were imported from outside of the U.S. These figures lead to 7% of all goods used in new residential construction originating from a foreign nation. This data come from the BEA input-output accounts, which reveals important details of numerous industries across the U.S. detailing what products they produce, use and import in the economy. The latest tables are from 2017 and the data is adjusted to 2023 dollar value.