Advocacy

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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Housing Affordability Holds Steady but Supply-Side Challenges Persist

Filed in Economics, Housing Affordability, Trends by on November 11, 2021 4 Comments
Housing Affordability Holds Steady but Supply-Side Challenges Persist

Lansing-East Lansing, Mich., is the nation’s most affordable major housing market while Los Angeles-Long Beach-Glendale, Calif., is the least affordable major housing market.

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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 2 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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House Passes Infrastructure Bill, Measure Includes NAHB Win on CIAC

Filed in Advocacy, Housing Affordability by on November 6, 2021 3 Comments
House Passes Infrastructure Bill, Measure Includes NAHB Win on CIAC

The House late last night passed the $1.2 trillion bipartisan infrastructure bill approved by the Senate and President Biden will sign the measure into law shortly. The vote was 228-206, with 13 Republicans joining a majority of Democrats to get the measure across the finish line. Six Democrats voted against it.

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Prospective Buyers Frustrated by Bidding Wars, but Continue to Search

Filed in Economics, Housing Affordability, Trends by on November 5, 2021 0 Comments
Prospective Buyers Frustrated by Bidding Wars, but Continue to Search

For only the third time in the history of NAHB’s Housing Trends Report, the top reason buyers are struggling to buy a home is because they are getting outbid.

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New HBI Report Shows Labor Shortage Weakening Housing Supply, Affordability

Filed in Workforce Development by on November 4, 2021 3 Comments
New HBI Report Shows Labor Shortage Weakening Housing Supply, Affordability

A lack of skilled construction labor is a key limiting factor for improving housing inventory and affordability, according to the Home Builders Institute (HBI’s) Fall 2021 Construction Labor Market Report released today.

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Global Housing Leaders Discuss Housing Affordability in Special NAHB Webinar

Filed in Housing Affordability, IHA by on November 3, 2021 5 Comments
Global Housing Leaders Discuss Housing Affordability in Special NAHB Webinar

Housing leaders from across the world met to discuss housing affordability in a recent shop talk hosted by NAHB.

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Democrats Scramble to Pass Infrastructure, Build Back Better Bills

Filed in Advocacy by on November 2, 2021 0 Comments
Democrats Scramble to Pass Infrastructure, Build Back Better Bills

House Speaker Nancy Pelosi is hoping to pass President Biden’s infrastructure and Build Back Better bills this week but the legislative timeline still remains unclear.

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More Buyers Believe Housing Affordability is Worsening

Filed in Housing Affordability, Trends by on November 2, 2021 1 Comment
More Buyers Believe Housing Affordability is Worsening

Buyers’ perceptions of housing affordability have deteriorated for three straight quarters, indicating that double-digit home price hikes over the past year have more than offset the positive impact that low interest rates had over the same time period.

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