Material Costs

Fed Chairman Expresses Hope Building Material Bottlenecks will be Alleviated

Filed in Advocacy, Housing Affordability, Material Costs by on July 14, 2021 0 Comments
Fed Chairman Expresses Hope Building Material Bottlenecks will be Alleviated

Federal Reserve Chairman Jerome Powell expressed hope that building material bottlenecks that have raised housing costs will begin to ease during a hearing today before the House Financial Services Committee on monetary policy and the state of the economy.

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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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Why Builders Stick with Lumber Despite Price Hikes and Shortages

Filed in Economics, Material Costs by on July 12, 2021 5 Comments
Why Builders Stick with Lumber Despite Price Hikes and Shortages

With builders grappling with record-high lumber prices and supply shortages over the past year, why are so few willing to switch away from traditional wood framing methods? A June 2021 survey for the NAHB/Wells Fargo Housing Market Index (HMI) reveals several reasons, but one stands out above the rest.

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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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Building Alternatives to Help Navigate Elevated Lumber Prices

Filed in Committees and Councils, Material Costs by on June 25, 2021 4 Comments
Building Alternatives to Help Navigate Elevated Lumber Prices

As lumber prices remain higher than normal, builders may be eyeing alternatives to wood and different construction methods to help mitigate the impact material costs and supply-chain disruptions are having on their businesses. Members and partners of NAHB’s Building Systems Councils have recently been spotlighted for their impact and innovations in the home-building industry, including updates to modular construction processes and resilient building materials, which could provide potential solutions.

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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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NAHB’s Supply Chain Webinar Series Continues This Week

Filed in Education, Material Costs, Membership by on June 21, 2021 0 Comments
NAHB’s Supply Chain Webinar Series Continues This Week

NAHB’s Navigating Lumber Prices and Supply Chain Challenges webinar series resumes this week with two webinars focused on managing customer expectations and utilizing contracts to protect your bottom line.

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Could Rising Materials Prices Leave You Without Enough Insurance Coverage?

Filed in Legal, Material Costs by on June 16, 2021 0 Comments
Could Rising Materials Prices Leave You Without Enough Insurance Coverage?

As home builders and remodelers adjust to soaring materials prices, one area that may be overlooked is the impact of prices on a project’s insurance coverage.

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