New NAHB Tool Charts Remodeling Activity by State
A new resource from the Home Builders Association provides localized remodeling activity information to help builders and contractors.
Builders Group Asks for Tariff Relief
The National Association of Home Builders is lobbying the Trump administration for tariff exemptions on building materials. With the uncertainties surrounding the tariff situation in the wake of the Supreme Court ruling negating many duties under the International Emergency Economic Powers Act (IEEPA), the NAHB wants more permanent exemptions for building materials. Bill Owens, NAHB […]
NAHB Reports Remodeling Gaining on New Construction
The new home building market remains stagnant but a new study reports home renovation is driving a larger share of the building market. The number of remodeling companies has nearly doubled over the past 25 years, the National Association of Home Builders discovered when analyzing census bureau data, growing from fewer than 69,000 companies to […]
NAHB Pushes Back Against New Lumber Tariffs
The latest round of duties on imported wood is creating a new level of uncertainty about the home building business going forward. When President Trump announced a new 10 percent tariff on imported lumber along with additional duties on some furniture, kitchen cabinets and bathroom vanities, the reaction from the industry was as expected. “These […]
When Is the Housing Market Going to Get Better?
Forecasting the return of new home construction has been an ongoing struggle this year… and so far, most of the experts have been wrong. It’s been the big question throughout the building trade for much of the past year and despite informed predictions that a combination of lower mortgage rates, built-up demand and a slowdown […]
Lumber Prices Surge Over 17% Year-Over-Year
Like just about every other building component the price of lumber has skyrocketed this past year. Even with a brief period of stability this past summer, the price of lumber is on the rise again and according to a new analysis from the National Association of Home Builders, it has jumped 17.2 percent from this […]
US Homebuilders Say Things Are Looking Up for ‘24
The construction industry still has a long way to go to get back to its boom days but new data suggests builders are getting more optimistic. Increasing consumer demand coupled with small drops in mortgage rates are all pointing in the same direction for US homebuilders: Up. New statistics from the National Association of Home […]
New Study Shows Construction Costs Doubled Inflation Rate in 2022
A new NAHB study shows costs per square foot for single-family construction rose at more than twice the inflation rate last year. The Consumer Price Index rose 8% in 2022 but the median square foot price to build a new single-family detached home jumped 18%, more than double that rate. This is according to a […]
NAHB Meets with Congress on ESG Concerns
Environmental, Social, and Governance concerns – commonly referred to as ESG – were top of mind when the chairwoman of the National Association of Home Builders recently met with members of Congress. NAHB chairwoman Alicia Huey, a Birmingham, AL home builder, recently testified at a House Financial Service subcommittee hearing and said the number of […]