Multiple Offers for Homes on the Market are Becoming More Common
In a sign that the inventory of for-sale homes remains tight, NAHB’s quarterly Housing Trends Report reveals that more buyers are finding their home search delayed because of a rising number of multiple offers on the same property. The survey found 30% of active buyers reported getting outbid by another buyer in the second quarter of 2020, significantly higher than the comparable 18% share a year earlier.
Video: NAHB Chairman Chuck Fowke Delivers Inaugural Address to Membership
The new 2020 NAHB Chairman Chuck Fowke delivers his first remarks to the broader NAHB membership in this month’s Chairman’s Update.
NAHB Moves Swiftly to Advance Cause of Fair Housing
President Trump tweeted comments on repealing the Affirmatively Furthering Fair Housing rule earlier this week that caused concern within the housing community. While NAHB cannot excuse the remarks that were made by the president, NAHB moved into action by reaching out to the White House and succeeded in getting the administration to agree to a meeting.
Addressing Labor Shortage Key to Improving Affordability, Providing Job Opportunities in Wake of COVID-19
The coronavirus has affected the economy in a number of ways — one being the housing market. A recent episode of the “Building the Dream” series from TheHill.TV looks at housing as an area that can boost the economic recovery, but only if the workforce is in place to do it.
How Timber Housing Can Meet Housing Demand and Occupant Needs
If the housing supply is to meet demand, the construction industry will need to innovate how it can deliver high-quality multifamily buildings more efficiently. Mass timber promises such a disruption.
Protect Yourself and Workers from Heat Stress
Construction workers are particularly susceptible to heat exposure due to long hours outside or working in rooms without climate control.
Builder Confidence in the 55+ Housing Market Bounces Back in Second Quarter
Builder confidence in the single-family 55+ housing market bounced back in the second quarter, jumping 27 points to 65, according to the NAHB 55+ Housing Market Index (HMI) released today.
Low Mortgage Rates Pushing Prospective Buyers Off the Fence
Of the 11% of American adults considering a future home purchase in the second quarter of 2020, about half (49%) are not simply planning it, they are actively engaged in the process to find a home, according to the latest quarterly Housing Trends Report.
NAHB Commends Confirmation of Dana Wade as FHA Commissioner
The Senate on July 28 voted to confirm Dana Wade as the Federal Housing Administration commissioner. She was the acting FHA commissioner from July 2017 to June 2018.
Several States Pass Laws Regarding COVID-19 Liability Immunity
Ten states have passed legislation, or have had their governor sign executive orders, granting businesses immunity from civil liability for COVID-19 related lawsuits.
