Tag: building material prices

Challenges We Faced in 2021: Building Materials Prices

Filed in Advocacy, Material Costs by on December 27, 2021 1 Comment
Challenges We Faced in 2021: Building Materials Prices

The rising cost of building materials was one of the primary focus areas for NAHB in 2021 as the home-building industry struggled with the far-reaching impacts of skyrocketing prices.

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GOP Lawmakers Hear Firsthand Account on How Supply-Chain Woes Delay Home Construction

Filed in Advocacy, Housing Affordability, Material Costs by on December 9, 2021 7 Comments
GOP Lawmakers Hear Firsthand Account on How Supply-Chain Woes Delay Home Construction

Idaho custom home builder Steve Martinez provided a firsthand account to Republican lawmakers today on how building material supply-chain challenges are delaying home projects and raising housing costs.

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Materials Prices Post Record Year-to-Date Increase

Filed in Economics, Material Costs by on November 10, 2021 3 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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Building Material Prices: Large Increases Year to Date

Filed in Economics, Material Costs, Trends by on September 9, 2021 10 Comments
Building Material Prices: Large Increases Year to Date

Although the recent drop in softwood lumber prices since mid-May is helping bring costs down (after having driven them up drastically earlier in the year), the decline has been offset by large increases in the prices of several other building material products.

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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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What Builders Should Know About Appraisals and Lumber Prices

Filed in Advocacy, Material Costs by on February 23, 2021 33 Comments
What Builders Should Know About Appraisals and Lumber Prices

As builders struggle with front-end issues, such as rising lumber prices and material shortages, they are also experiencing additional challenges on the backend, as appraisal standards make it difficult to recognize the full impact of sharp increases in the cost of building materials. Here are some tips to have your appraisal better reflect your actual building costs.

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Builders Cite Building Material Prices as Top Challenge

Filed in Economics, Trends by on February 23, 2021 2 Comments
Builders Cite Building Material Prices as Top Challenge

Nearly nine out of 10 builders expect building material prices will be their top challenge in 2021, according to a December 2020 survey where builders were asked about the problems they confronted in 2020 and expect to face in 2021.

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Building Material Prices Post Record Monthly Decline in April

Filed in Economics by on May 15, 2020 5 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).

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