Congress Passes Builder-Friendly Bill, but Will It Be Signed Into Law?
The 21st Century Road to Housing Act passed both the House and the Senate last week and is headed to the president to be signed into law.
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 […]
Builders Rolling Out Incentives to Get Americans to Buy Homes
Just like any good retailer, the country’s home builders are resorting to promotions to jumpstart their businesses. Even as demand remains high for homes, builders are finding they need to incentivize potential buyers to sell a growing number of unsold homes. Recent reports have outlined a number of promotional activities they are resorting to when […]
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 […]
What the Expected Fed Rate Cut Means for Builders
We’re only weeks away from the highly anticipated cut in interest rates by the Federal Reserve. Here’s what it could mean for the building and construction trade. It’s been talked about for almost a year, the Federal Reserve has stuck to its guns and kept interest rates at the highest level in 20 years. Now, […]
It’s Taking Longer to Build a Single-Family Home
New numbers from the Census Bureau indicate that the average single-family home takes half a month longer to build than it used to. If it sometimes seems like everything takes a little longer to finish these days, you might be right when it comes to building a single-family home. A new National Association of Home […]
NAHB Joins Lawsuit Challenging New Overtime Rules
The builders group has joined other organizations opposing the Department of Labor’s changes in overtime rules. The National Association of Home Builders has joined a group that includes the Associated Builders and Contractors and the National Association of Wholesale Distributors in a suit filed in the U.S. District Court for the Eastern District of Texas […]
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 […]