Podcast: An Inside Look at Appraisals and Rising Lumber Prices

Material Costs
Published

On the latest episode of the Housing Developments podcast, NAHB CEO Jerry Howard and Chief Lobbyist Jim Tobin have a candid discussion with Scott Reuter, chief appraiser and head of valuation at Freddie Mac, and Kurt Dinnes, founder of Sun Custom Homes in Oklahoma City, on the appraisal process during this time of skyrocketing lumber prices.

Reuter brings more than 30 years of housing finance experience to provide insights into the appraisal process, including the importance of builders engaging with the appraisers. Dinnes brings a builder's perspective to the conversation and shares his strategies for getting appraisals to better reflect the increasing costs of materials.

This is a don't-miss episode for everyone in the home building and real estate sphere. To listen to previous episodes of Housing Developments, visit the podcast page or search for our show wherever you find podcasts.

Sponsored by:

Wells Fargo Home Mortgage logo

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe

Latest from NAHBNow

Awards | Membership | Remodeling

Apr 19, 2024

NAHB Members Recognized in Pro Remodeler's 40 Under 40 Class of 2024

Pro Remodeler recently released its 40 Under 40 Class of 2024 in its March/April issue. See which NAHB members made the list.

Economics

Apr 18, 2024

Single-Family Builders: Tell Us How Rising Costs Are Impacting Your Bottom Line

Builders’ bottom lines across the country are being squeezed by rising material, labor and land costs. NAHB’s Economics team is in the process of measuring the impact of increased costs on builders’ profitability. And we need your help.

Safety

Apr 18, 2024

Learn Strategies for Managing Cold Stress on Jobsites

Each time winter weather rolls around, a new threat to residential construction workers emerges: cold stress. It is important for jobsite managers to know how to protect workers in low temperatures, recognize the signs of injuries and plan for common hazards, including icy roads and walkways.

View all

Latest Economic News

Economics

Apr 18, 2024

Existing Home Sales Decline in March

After reaching the 12-month high last month, existing home sales retreated in March due to lingering high mortgage rates, according to the National Association of Realtors (NAR). Meanwhile, low resale inventory and strong demand continued to drive up existing home prices, marking the ninth consecutive month of year-over-year median sales price increases.

Economics

Apr 18, 2024

Highest Paid Occupations in Construction in 2023

Half of payroll workers in construction earn more than $58,500 and the top 25% make at least $79,450, according to the latest May 2023 Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of Home Builders (NAHB).

Economics

Apr 17, 2024

How Quickly Do Prices Respond to Monetary Policy?

As economist Milton Friedman once quipped, monetary policy has a history of operating with “long and variable lags.” What Friedman was expressing is that it takes some time for the true effects of monetary policy, like the changing of the federal funds rate, to permeate completely through the larger economy.

Economics

Apr 17, 2024

Most Home Buyers Want One, Medium-Sized Home Office

According to the latest What Home Buyers Really Want Study*, the vast majority of home buyers are looking for a home with at least one home office (or space dedicated to work/study). More specifically, 66% would prefer to buy a home with exactly one home office, 13% want at least two offices, and 20% want none.