Housing Affordability
NAHB Tells HUD to Prioritize Housing Affordability
On June 21, NAHB CEO Jerry Howard met with Lopa Kolluri, HUD’s Principle Deputy Assistant Secretary for the Office of Housing-Federal Housing Administration, and her leadership team to discuss housing affordability concerns.
Housing Prices Likely to Remain High as Supply Remains Low, Disproportionately Affecting Minorities
The pandemic has not only created a shift in housing demand; it has also shone a brighter light on housing disparities, according to The State of the Nation’s Housing 2021 report from Harvard University’s Joint Center for Housing Studies.
Podcast: Lumber Meeting with Commerce Secretary and What’s Ahead in Congress
On the latest episode of NAHB’s Housing Developments podcast, Chief Lobbyist Jim Tobin and guest host Senior Vice President of Communications & Public Affairs Paul Lopez discuss the recent meeting between the NAHB Senior Officers and Commerce Secretary Gina Raimondo on the importance of finding a solution to the lumber crisis.
How Lumber Prices are Hammering Housing Affordability for Home Owners
Home owners and builders continue to look for opportunities to minimize the impact lumber prices and other material costs are having on the overall cost of the home. But as they strategize, prices are only getting worse.
Building Costs Skyrocket Over the Past 12 Months
Building material costs have soared 26.1% on average over the past 12 months, according to a recent survey of single-family builders asking how much costs have increased for the same house over the last year.
Biden Announces Actions to Address Racial Discrimination in Housing Market
President Biden on June 1 announced new steps to narrow the racial wealth gap and address racial discrimination in the housing market at a Tulsa, Okla. event commemorating the 100th anniversary of the race massacre that destroyed “Black Wall Street” in the once thriving Black community of Greenwood.
Podcast: Mill Owner Discusses Lumber Prices, Tariffs and Sustainability
On the latest episode of NAHB’s Housing Developments podcast, hosts CEO Jerry Howard and Chief Lobbyist Jim Tobin talk with Ross Stock, general manager of Western Cascade Industries, a lumber mill in Toledo, Ore.
Commerce Secretary Pledges Full Support of Biden Administration to Resolve Lumber Issue
Commerce Secretary Gina Raimondo acknowledged the depth of the lumber price crisis and its effects on the residential construction industry in a meeting today with the NAHB senior officer team.
New Home Sales Soften in April with Growing Housing Affordability Concerns
Rising building materials costs and low inventory have caused new home sales prices to jump 20% on a year-over-year basis, harming housing affordability and driving down the pace of new home sales. Sales of newly built, single-family homes fell 5.9%, following a significant downward revision of the March estimate, to a 863,000 seasonally adjusted annual rate, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Real Estate Industry Unified Against White House Tax Proposals
NAHB, along with the major real estate trade associations representing both the commercial and residential real estate sectors, pushed back in identical joint statements to the House Ways and Means Committee and the Senate Finance Committee on tax increases proposed as part of the Biden administration’s push on infrastructure.
