Housing Affordability

NAHB Urges Congress to Enact Policies to Help Builders Boost Housing Production

Filed in Advocacy, Housing Affordability, Material Costs by on July 14, 2021 3 Comments
NAHB Urges Congress to Enact Policies to Help Builders Boost Housing Production

NAHB CEO Jerry Howard testified before Congress today and called on lawmakers to enact key policy proposals that will help home builders to expand the housing supply, reduce the housing deficit and improve housing affordability for all Americans. During a hearing before the House Ways and Means Subcommittee on Oversight on the topic of expanding housing access to all Americans, Howard noted that rising home prices, apartment rents and construction costs represent additional risks to housing affordability for prospective home buyers and renters.

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L.A.’s New ADU Program Offers Flexibility and Style

L.A.’s New ADU Program Offers Flexibility and Style

Recognizing the growing popularity of accessory dwelling units (ADUs) in Los Angeles and their potential to alleviate the shortage of affordable housing, Mayor Eric Garcetti and the Los Angeles Department of Building Safety recently announced a new program that aims to simplify the permitting process and put attractively designed ADUs in back yards.

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Why Builder Lumber Prices Remain Higher than Headlines Suggest

Why Builder Lumber Prices Remain Higher than Headlines Suggest

While the price of framing lumber has dropped roughly 50% over the past seven weeks according to Random Lengths, prices paid by builders have declined by a fraction of that amount. The disconnect — which has always existed — is inherent to the lumber supply chain. Learn why when lumber market prices drop sharply there can be a long lag time before these full price reductions trickle down to builders and why higher prices reach builders with a much smaller lag time when the price of lumber increases.

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Strategies Builders Employ to Combat Rising Building Material Costs and Shortages

Strategies Builders Employ to Combat Rising Building Material Costs and Shortages

Single-family builders have taken several steps to counteract rising building material prices and shortages. More than 50% report taking these two specific actions.

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NAHB Chairman Urges Congress to Boost Lumber Production from Federal Lands

Filed in Advocacy, Housing Affordability, Material Costs by on June 29, 2021 9 Comments
NAHB Chairman Urges Congress to Boost Lumber Production from Federal Lands

To help resolve lumber supply shortages and rein in elevated prices, NAHB Chairman Chuck Fowke today called on Congress to increase domestic lumber production from federal lands, both as a means to improve housing affordability and address the resilience of our national forests.

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New Home Prices Squeeze Buyers Out of the Low End

Filed in Economics, Housing Affordability, Trends by on June 28, 2021 26 Comments
New Home Prices Squeeze Buyers Out of the Low End

New data released by the U.S. Census Bureau and the Department of Housing and Urban Development, combined with recent NAHB survey data, show that home buyers in the bottom one-fourth of the market have been squeezed entirely out of the market for new construction due to a mismatch between actual prices of new homes and prices that buyers expect to pay.

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Biden Nominates Julia Gordon as FHA Commissioner

Filed in Housing Affordability, Housing Finance by on June 25, 2021 0 Comments
Biden Nominates Julia Gordon as FHA Commissioner

President Biden has nominated Julia Gordon to serve as commissioner of the Federal Housing Administration (FHA).

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CDC Extends Eviction Moratorium Through July 31; White House Announces New Federal Initiatives to Prevent Evictions

Filed in Advocacy, Housing Affordability, Legal, Multifamily by on June 24, 2021 1 Comment
CDC Extends Eviction Moratorium Through July 31; White House Announces New Federal Initiatives to Prevent Evictions

The Centers for Disease Control and Prevention (CDC) today extended its eviction moratorium order until July 31, 2021, and indicated in a press release that “this is intended to be the final extension of the moratorium.” Due to a previous court ruling in which NAHB took part, this order should not apply to NAHB members who were members of the association as of Oct. 23, 2020 when the case was filed.

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NAHB Tells HUD to Prioritize 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.

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Housing Prices Likely to Remain High as Supply Remains Low, Disproportionately Affecting Minorities

Filed in Economics, Housing Affordability by on June 17, 2021 0 Comments
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.

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