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High Prices Deter Interest in New Homes

Filed in Economics, Housing Affordability, Trends by on October 28, 2021 2 Comments
High Prices Deter Interest in New Homes

Rising home prices are causing prospective home buyers to reexamine their interest in new homes, according to the latest survey results from NAHB’s latest Housing Trends Report.

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More Prospective Buyers are First-Timers

Filed in Economics, Trends by on October 26, 2021 0 Comments
More Prospective Buyers are First-Timers

The share of prospective first-time buyers has been rising steadily over the past four quarters. Moreover, more than 60% of buyers in every region of the country who are looking for a home are first-timers.

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Builders Report Worst Lot Shortage Ever

Filed in Economics, Land Development by on October 25, 2021 13 Comments
Builders Report Worst Lot Shortage Ever

While builders continue to grapple with labor and material supply-side challenges, they are confronting what could be an even more urgent problem — an extreme lot shortage.

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Financial Stability Oversight Council Releases Report on Climate-Related Financial Risk

Filed in Environment, Resiliency by on October 22, 2021 1 Comment
Financial Stability Oversight Council Releases Report on Climate-Related Financial Risk

The report includes more than 30 specific recommendations to U.S. financial regulators, and lays out necessary actions to identify and address climate-related risks to the U.S. financial system, which include warming temperatures, rising sea levels, droughts, wildfires, intensifying storms and other climate-related events that are already imposing significant costs on the public and U.S. economy.

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NAHB Joins With Key Lawmakers to Stand Up for Housing

Filed in Advocacy, Housing Affordability by on October 20, 2021 0 Comments
NAHB Joins With Key Lawmakers to Stand Up for Housing

NAHB Chairman Chuck Fowke today participated in an event on Capitol Hill with Senate Banking Committee Chairman Sherrod Brown (D-Ohio), House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and leaders of several other housing organizations to call on Congress to keep housing funding in the Build Back Better package.

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Action on Supply Chain Bottlenecks, Tariffs Needed to Boost Housing Affordability 

Filed in Advocacy, Housing Affordability, Material Costs by on October 20, 2021 5 Comments
Action on Supply Chain Bottlenecks, Tariffs Needed to Boost Housing Affordability 

NAHB today called on Congress and the Biden administration to help ease building material supply chain bottlenecks that are harming housing affordability by removing trade barriers and seeking solutions to port congestion and persistent delays in truck and rail transportation.

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Your Chance to Engage in the WOTUS Rulemaking

Filed in Advocacy, Environment, Membership by on October 19, 2021 2 Comments
Your Chance to Engage in the WOTUS Rulemaking

Individual builders and state and local home builders associations interested in participating in 10 regional roundtables hosted by the Environmental Protection Agency (EPA) that focus on future changes to the “waters of the United States” (WOTUS) rule should contact NAHB by Tuesday, Oct. 26.

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FHFA Announces Two Measures to Advance Housing Affordability

Filed in Advocacy, Housing Affordability, Housing Finance by on October 18, 2021 0 Comments
FHFA Announces Two Measures to Advance Housing Affordability

Over the coming months, Fannie Mae and Freddie Mac will expand certain eligibility requirements for their RefiNow and Refi Possible refinance programs aimed at assisting low-income borrowers. Additionally, they will be incorporating desktop appraisals into their selling guides for new purchase loans.

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FHFA lncreases Fannie Mae, Freddie Mac Multifamily Loan Purchase Caps for 2022

Filed in Multifamily by on October 13, 2021 0 Comments
FHFA lncreases Fannie Mae, Freddie Mac Multifamily Loan Purchase Caps for 2022

The Federal Housing Finance Agency (FHFA) today announced that the 2022 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market.

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NAHB Calls on Biden to Act on Lumber and Supply Chain Bottlenecks

Filed in Advocacy, Housing Affordability, Material Costs by on October 7, 2021 10 Comments
NAHB Calls on Biden to Act on Lumber and Supply Chain Bottlenecks

With lumber price volatility continuing and supply chain bottlenecks for lumber and other building materials causing significant delays, NAHB is calling on the White House to take action.

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