Material Costs

Seattle Times Highlights NAHB’s Opposition to Lumber Tariffs

Filed in Advocacy, Housing Affordability, Material Costs by on January 14, 2022 2 Comments
Seattle Times Highlights NAHB’s Opposition to Lumber Tariffs

The Seattle Times has published an editorial by NAHB Chairman Chuck Fowke that lays out a strong case against tariffs on Canadian lumber shipments into the United States that are fueling lumber price volatility and harming housing affordability.

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Elevated Inflation and Higher Interest Rates in 2022

Filed in Economics, Housing Affordability, Material Costs by on January 13, 2022 2 Comments
Elevated Inflation and Higher Interest Rates in 2022

For the first time since the early 1980s, the U.S. economy is experiencing a period of elevated inflation. NAHB Chief Economist Robert Dietz provides more details in this overview of key issues impacting the housing industry.

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Domestic Sawmill Output Continues to Lag Home Construction

Filed in Advocacy, Labor, Material Costs by on January 7, 2022 1 Comment
Domestic Sawmill Output Continues to Lag Home Construction

New construction has been unable to add needed supply to the market because domestic production from the sawmill industry has not kept pace with home construction gains since mid-2020, resulting in unsustainable gains for home prices.

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Latest Wave of Rising Lumber Prices Adds More than $18,600 to the Price of a New Home

Filed in Advocacy, Housing Affordability, Material Costs by on January 4, 2022 56 Comments
Latest Wave of Rising Lumber Prices Adds More than $18,600 to the Price of a New Home

Following a few months of moderating prices last spring and summer, lumber prices are soaring once again, disrupting the housing market and harming housing affordability.

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Challenges We Faced in 2021: Building Materials Prices

Filed in Advocacy, Material Costs by on December 27, 2021 1 Comment
Challenges We Faced in 2021: Building Materials Prices

The rising cost of building materials was one of the primary focus areas for NAHB in 2021 as the home-building industry struggled with the far-reaching impacts of skyrocketing prices.

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Working in Tandem with NAHB, Lawmakers Send a Strong Message to Commerce Secretary on Lumber Duties

Filed in Advocacy, Environment, Material Costs by on December 22, 2021 8 Comments
Working in Tandem with NAHB, Lawmakers Send a Strong Message to Commerce Secretary on Lumber Duties

At the behest of NAHB, 84 members of Congress this week sent a joint letter to Commerce Secretary Gina Raimondo expressing urgent concern regarding the Commerce Department’s recent decision to double tariffs on softwood lumber products from Canada and calling on the United States to resume talks with Canada to negotiate a new softwood lumber trade agreement.

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Residential Construction Inputs Higher Amid Record Material and Service Prices

Filed in Material Costs by on December 17, 2021 3 Comments
Residential Construction Inputs Higher Amid Record Material and Service Prices

According to the latest Producer Price Index (PPI) report, released by the Bureau of Labor Statistics, the prices of goods used in residential construction ex-energy climbed 1.8% in November (not seasonally adjusted). Meanwhile, the price index of services inputs to residential construction decreased 0.8% in November, continuing a four-month trend during which the index has declined 10.1%.

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GOP Lawmakers Hear Firsthand Account on How Supply-Chain Woes Delay Home Construction

Filed in Advocacy, Housing Affordability, Material Costs by on December 9, 2021 7 Comments
GOP Lawmakers Hear Firsthand Account on How Supply-Chain Woes Delay Home Construction

Idaho custom home builder Steve Martinez provided a firsthand account to Republican lawmakers today on how building material supply-chain challenges are delaying home projects and raising housing costs.

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NAHB Participates in Roundtable on OSHA’s Vaccine and Testing Mandate

Filed in Advocacy, Material Costs, Workforce Development by on December 7, 2021 0 Comments
NAHB Participates in Roundtable on OSHA’s Vaccine and Testing Mandate

NAHB CEO Jerry Howard spoke today at a roundtable that explored the impact OSHA’s COVID-19 vaccine and testing mandate will have on businesses across the country.

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NAHB Leaders Discuss Lumber Tariffs with Canadian Officials

Filed in Advocacy, Housing Affordability, Material Costs by on December 6, 2021 4 Comments
NAHB Leaders Discuss Lumber Tariffs with Canadian Officials

NAHB CEO Jerry Howard and Chief Lobbyist Jim Tobin held productive talks with Canadian Trade Minister Mary Ng, Ambassador Kirsten Hillman and members of the Canadian parliament regarding the Commerce Department’s recent action to double tariffs on Canadian lumber imports from 9% to 18% and on the need to restart negotiations on a new softwood lumber trade agreement.

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