Home Building

Central Florida HBA and School District Team Up on Workforce Initiative

Central Florida HBA and School District Team Up on Workforce Initiative

One Central Florida school district is helping to address the workforce shortage by partnering with the local home builders association and its foundation to provide career and technical training alongside its academic curriculum.

Continue Reading »

How Congress Can Help Housing Lead an Economic Recovery

Filed in Capitol Hill, Disaster Response, Home Building by on June 19, 2020 0 Comments
How Congress Can Help Housing Lead an Economic Recovery

The Hill published an editorial by NAHB’s Dean Mon on June 19 detailing how Congress can help housing lead the economy forward.

Continue Reading »

Workforce Marketing Materials: Construction is Essential

Workforce Marketing Materials: Construction is Essential

Download and share new materials for recruiting our future workforce. NAHB’s Workforce Development team has provided new tools to communicate the message on the essential, and safe work available in construction.

Continue Reading »

Coronavirus Likely to Add Momentum to Increased Home Building in Smaller Markets

Coronavirus Likely to Add Momentum to Increased Home Building in Smaller Markets

The COVID-19 pandemic is likely to hasten a housing trend already taking place across the nation – residential construction activity that is expanding at a more rapid rate in lower density markets such as smaller cities and rural areas. Multifamily development is also proceeding at a brisk pace in areas where education and health services dominate. These are among the findings of the latest quarterly NAHB Home Building Geography Index (HBGI).

Continue Reading »

More Than Half of Builders Used Incentives to Boost Sales in May

Filed in Disaster Response, Economics, Home Building by on June 1, 2020 1 Comment
More Than Half of Builders Used Incentives to Boost Sales in May

The NAHB/Wells Fargo Housing Market Index survey conducted in May 2020 reveals that more than half of single-family builders are using incentives to bolster sales and/or limit cancellations. This is essentially the same share of builders that were providing incentives during normal market conditions in 2003. By contrast the percentage of builders providing sales incentives was far higher during the Great Recession.

Continue Reading »

Oklahoma Governor Signs Housing Affordability Bill into Law

Oklahoma Governor Signs Housing Affordability Bill into Law

In a victory for home builders and housing affordability, Oklahoma Governor Kevin Stitt (R) has signed SB 1713 into law. The legislation will limit cities and counties from regulating purely aesthetic building design that would needlessly raise the cost of housing.

Continue Reading »

Housing Data Hint at Potential for Economic Recovery

Housing Data Hint at Potential for Economic Recovery

NAHB Chief Economist Robert Dietz looks at the economic data that came out during the week of May 18 and examines how that is effecting the housing market. Despite the weak numbers, Dietz states that the notable resiliency of housing demand amid historic job losses is an indicator of the potential of the housing sector to help the lead the economy in an eventual rebound.

Continue Reading »

Survey: 22% of Builders Lowered Prices in April

Filed in Disaster Response, Economics, Home Building by on May 20, 2020 12 Comments
Survey: 22% of Builders Lowered Prices in April

In recent weeks, there has been anecdotal evidence about builders lowering home prices in the wake of the COVID-19 pandemic, but the latest NAHB/Wells Fargo Housing Market Index (HMI) survey provides factual data: Nationally, about 22% of builders cut home prices in April 2020 in order to bolster sales and/or limit cancellations.

Continue Reading »

Building Material Prices Post Record Monthly Decline in April

Filed in Economics, Home Building, Housing Trends by on May 15, 2020 3 Comments
Building Material Prices Post Record Monthly Decline in April

Prices paid for goods used in residential construction decreased 4.1% in April (not seasonally adjusted) — the largest monthly decline on record — according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The year-to-date decline (-5.4%) in residential construction inputs prices is more than three times larger than the previous record (-1.3% in 2009).

Continue Reading »

Builder Credit Tightens on Virus Concerns

Builder Credit Tightens on Virus Concerns

For the first time since 2012, builders and developers reported tighter credit conditions on loans for land acquisition, development and single-family construction (AD&C) in NAHB’s AD&C financing survey for the first quarter of 2020. Most builders reported that lenders are pulling back because of coronavirus concerns.

Continue Reading »