Material Costs

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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Use This NAHB Resource to Help Select New Home Building Materials

Filed in Business Management, Material Costs by on June 15, 2021 0 Comments
Use This NAHB Resource to Help Select New Home Building Materials

NAHB has developed a guide to help builders gather information from manufacturers and distributors when considering new home building materials.

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Rising Material Challenges, Declining Builder Sentiment

Filed in Economics, Material Costs, Trends by on June 15, 2021 19 Comments
Rising Material Challenges, Declining Builder Sentiment

Home builder confidence dipped to its lowest level since August 2020 on rising material prices and supply chain shortages, according to the latest NAHB/Wells Fargo Housing Market Index (HMI).

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Podcast: Lumber Meeting with Commerce Secretary and What’s Ahead in Congress

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.

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How Lumber Prices are Hammering Housing Affordability for Home Owners

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.

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Building Costs Skyrocket Over the Past 12 Months

Filed in Advocacy, Housing Affordability, Material Costs by on June 4, 2021
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.

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Record Number of Builders Report Material Shortages

Filed in Economics, Material Costs, Trends by on June 2, 2021 37 Comments
Record Number of Builders Report Material Shortages

Shortages of materials are now more widespread than at any at any time since NAHB began tracking the issue in the 1990s, with more than 90% of builders reporting shortages of appliances, framing lumber and OSB.

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