News
Remodeler Sentiment Continues to Improve Year-over-Year
The NAHB/Royal Building Products Remodeling Market Index (RMI) for the fourth quarter posted a reading of 83, up four points from the fourth quarter of 2020. The finding is a signal of residential…
Elevated Inflation and Higher Interest Rates in 2022
For the first time since the early 1980s, the U.S. economy is experiencing a period of elevated inflation. Because of supply-chain issues attributable to the pandemic and a significant rise in…
Latest Wave of Rising Lumber Prices Adds More than $18,600 to the Price of a New Home
Following a few months of moderating prices last spring and summer, lumber prices are soaring once again, disrupting the housing market and harming housing affordability.
Over the past…
Challenges We Faced in 2021: Housing Affordability
Housing affordability has been an ongoing concern surrounding the home building industry, as factors such as lot and …
New Home Sales Jump in November on High Consumer Demand
New home sales posted a solid gain last month, driven by strong buyer demand, low existing home inventory and buyers’ anticipation of future higher mortgage rates.
Sales of newly built,…
Construction Job Openings Surge to Record High
The labor market continues to tighten, especially for the construction industry.
The count of open construction jobs increased to 410,000 unfilled positions in October, the highest measure…
Builder Confidence Up on Strong Demand Even as Supply Side Challenges Persist
Low existing inventories and strong buyer demand helped push builder confidence higher for the third consecutive month even as supply-side challenges — including building material bottlenecks and…
2 Innovative Water Efficiency Strategies for Multifamily Properties
New or replacement toilets, aerators and showerheads are a great starting place for significant water savings; they are cost effective, and save water and utility costs. But as water costs…
New HBI Report Shows Labor Shortage Weakening Housing Supply, Affordability
A lack of skilled construction labor is a key limiting factor for improving housing inventory and affordability, according to the Home Builders Institute’s (HBI’s) Fall 2021 Construction Labor…
NAHB Shares Concerns About Vaccine Mandates with Rulemaking Officials
NAHB staff last week shared their concerns with government officials in two separate calls about an impending emergency temporary standard (ETS) from OSHA that would force companies with more than…