Economics

NAHB Launches New Video Series With SGC Horizon

Filed in Advocacy, Economics, Membership by on May 5, 2021 0 Comments
NAHB Launches New Video Series With SGC Horizon

NAHB is excited to launch a new video series, featuring members of NAHB’s senior management team, in conjunction with our media partner, SGC Horizon. The series will comprise four videos each month on key topics of interest for the Federation.

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More Buyers are Looking for a New Home

Filed in Economics, Trends, Uncategorized by on May 3, 2021 1 Comment
More Buyers are Looking for a New Home

A growing number of buyers are looking specifically at new home construction from the onset of their home search.

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Is the Housing Market Too Hot?

Filed in Economics by on April 29, 2021 1 Comment
Is the Housing Market Too Hot?

NAHB Chief Economist Robert Dietz summarizes a number of unsustainable trends that have developed in the housing market, underscoring the industry’s widespread supply and demand issues.

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President Biden to Announce $1.5 Trillion Tax Plan

Filed in Advocacy, Housing Affordability, Tax Reform by on April 28, 2021 0 Comments
President Biden to Announce $1.5 Trillion Tax Plan

President Biden is expected to outline tonight in an address to a joint session of Congress his “American Families Plan,” which includes significant tax changes that would harm real estate. 

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Skyrocketing Lumber Prices Add Nearly $36,000 to the Price of a New Home

Skyrocketing Lumber Prices Add Nearly $36,000 to the Price of a New Home

Soaring lumber prices that have tripled over the past 12 months has caused the price of an average new single-family home to increase by $35,872, according to new analysis by the NAHB Economics team. This lumber price hike has also added nearly $13,000 to the market value of an average new multifamily home, which translates into households paying $119 a month more to rent a new apartment.

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Home Building Employment Across States and Congressional Districts

Filed in Economics, Trends by on April 27, 2021 0 Comments
Home Building Employment Across States and Congressional Districts

The most recent and comprehensive estimates of home building employment by state and congressional district reveals that California is the state with the most residential construction workers. Idaho’s 1st congressional district (Rep. Russ Fulcher – R), which comprises much of the western part of the state, leads the nation with 24,000 residents engaged in home building.

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COVID-19 Continues to Fuel Desire for Homeownership

Filed in Economics, Trends by on April 26, 2021 2 Comments
COVID-19 Continues to Fuel Desire for Homeownership

Interest in homeownership among prospective buyers continues to grow in the wake of the COVID-19 pandemic, with 16% of American adults looking to purchase a home in the next 12 months — up from 10% year over year — according to NAHB’s Housing Trends Report for the first quarter of 2021. This is the third — and largest — year over year increase in the series’ history.

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How Builders are Dealing with Rising Lumber Prices

How Builders are Dealing with Rising Lumber Prices

NAHB recently asked builders about their reactions to the rising and volatile lumber prices in its April 2021 survey for the NAHB/Wells Fargo Housing Market Index (HMI).

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New Home Sales Jump in March on High Consumer Demand

Filed in Economics by on April 23, 2021 2 Comments
New Home Sales Jump in March on High Consumer Demand

Low interest rates and strong consumer demand fueled a solid increase in new home sales in March, despite the ongoing building materials challenges impacting the industry. Sales of newly built, single-family homes rose 20.7% from an upwardly revised February number, to a 1.02 million seasonally adjusted annual rate, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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Single-Family Builders: Tell Us How Rising Costs Are Impacting Your Bottom Line

Filed in Economics, Membership by on April 21, 2021 4 Comments
Single-Family Builders: Tell Us How Rising Costs Are Impacting Your Bottom Line

NAHB is seeking data from single-family builders to produce average profit benchmarks for the industry. Industry averages will be published in the next edition of the Builders’ Cost of Doing Business Study.

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