Material Costs

Take Action Now to Fight the New Lumber Tariffs

Filed in Material Costs, Membership by on December 3, 2021 5 Comments
Take Action Now to Fight the New Lumber Tariffs

Contact your members of Congress today and urge them to tell President Biden to negotiate an updated softwood lumber agreement with Canada and increase U.S. lumber production by harvesting more timber from U.S. forest lands.

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Doubling Lumber Tariffs, Ongoing Labor Shortages Add to Inflation Concerns

Filed in Economics, Housing Affordability, Material Costs by on December 2, 2021 1 Comment
Doubling Lumber Tariffs, Ongoing Labor Shortages Add to Inflation Concerns

Financial markets and policymakers are indicating rising risks for the overall economy. Higher inflation is the top near-term concern, after the Consumer Price Index reported a 6.2% year-over-year gain in October — the largest increase in more than 30 years.

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Sens. Shaheen, Moran Send Strong Message to Commerce Secretary Opposing Lumber Tariffs

Filed in Advocacy, Material Costs by on December 1, 2021 1 Comment
Sens. Shaheen, Moran Send Strong Message to Commerce Secretary Opposing Lumber Tariffs

Sens. Jeanne Shaheen (D-N.H.) and Jerry Moran (R-Kan.), the chairman and ranking member, respectively, of the Senate Subcommittee on Commerce, Justice, Science and Related Agencies, recently sent a letter to Commerce Secretary Gina Raimondo opposing the Commerce action to double tariffs on Canadian lumber shipments into the U.S. from 9% to 18%.

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NAHB Condemns Commerce Action to Double Tariffs on Canadian Lumber

Filed in Advocacy, Material Costs by on November 24, 2021 23 Comments
NAHB Condemns Commerce Action to Double Tariffs on Canadian Lumber

In a blow to housing affordability and a move strongly opposed by NAHB, the Commerce Department today moved forward today with its next administrative review to double the tariffs on Canadian lumber shipments into the U.S. from 9% to 17.9%.

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IBS Education Sessions Explore Alternative Building Solutions

Filed in Education, IBS, Material Costs by on November 22, 2021 0 Comments
IBS Education Sessions Explore Alternative Building Solutions

As supply-chain issues continue to challenge the housing market, builders can explore different building techniques that may streamline the home-building process and utilize less material. The 2022 NAHB International Builders’ Show® (IBS) provides opportunities to explore these options through various education sessions focused on offsite construction.

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Supply-Side Disruptions Push Single-Family Production Down in October

Filed in Economics, Material Costs, Multifamily by on November 17, 2021 4 Comments
Supply-Side Disruptions Push Single-Family Production Down in October

Single-family housing production lagged in October due to supply-chain effects for materials and ongoing access issues for labor and lots. Overall housing starts decreased 0.7% to a seasonally adjusted annual rate of 1.52 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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Fed Acts on Inflation as Housing Affordability Weakens

Filed in Economics, Housing Affordability, Material Costs by on November 12, 2021 0 Comments
Fed Acts on Inflation as Housing Affordability Weakens

The combination of higher home prices, rising construction costs and moderately higher interest rates will exacerbate housing affordability conditions and increasingly push many prospective buyers out of the market in the coming months.

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Podcast: Supply Chain, Infrastructure and Climate Change Dominate Headlines

Filed in Advocacy, Housing Affordability, Material Costs by on November 10, 2021 0 Comments
Podcast: Supply Chain, Infrastructure and Climate Change Dominate Headlines

Hear the latest on the supply chain crisis, the infrastructure bill, and the results from the recent Virginia and New Jersey elections. Plus, NAHB CEO Jerry Howard and Immediate Past Chair Greg Ugalde give an update on their time at the 2021 United Nations Climate Change Conference (COP26) in Glasgow, Scotland, to advocate on behalf of the housing industry.  

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Materials Prices Post Record Year-to-Date Increase

Filed in Economics, Material Costs by on November 10, 2021 3 Comments
Materials Prices Post Record Year-to-Date Increase

The softwood lumber price index increased 9.1% in October (seasonally adjusted) — its first monthly increase since May, according to the Bureau of Labor Statistics’ latest Producer Price Index (PPI) report. Overall, building material prices have increased 12.2% year to date, after climbing 4.5% over the same period in 2020.

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Podcast: Industry Leaders Tackle Supply Chain, Infrastructure Questions

Filed in Housing Affordability, Material Costs by on November 2, 2021 0 Comments
Podcast: Industry Leaders Tackle Supply Chain, Infrastructure Questions

On the latest episode of NAHB’s Housing Developments podcast, CEO Jerry Howard and Chief Lobbyist Jim Tobin welcome special guest Trey Northrup, CEO of LIXIL Americas, to discuss supply chain issues, labor shortages, appliance demand, infrastructure and more.

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