Tag: building materials

Action on Supply Chain Bottlenecks, Tariffs Needed to Boost Housing Affordability 

Filed in Advocacy, Housing Affordability, Material Costs by on October 20, 2021 2 Comments
Action on Supply Chain Bottlenecks, Tariffs Needed to Boost Housing Affordability 

NAHB today called on Congress and the Biden administration to help ease building material supply chain bottlenecks that are harming housing affordability by removing trade barriers and seeking solutions to port congestion and persistent delays in truck and rail transportation.

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NAHB Calls on Biden to Act on Lumber and Supply Chain Bottlenecks

Filed in Advocacy, Housing Affordability, Material Costs by on October 7, 2021 8 Comments
NAHB Calls on Biden to Act on Lumber and Supply Chain Bottlenecks

With lumber price volatility continuing and supply chain bottlenecks for lumber and other building materials causing significant delays, NAHB is calling on the White House to take action.

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Building Material Prices Climbing at Record Year-to-Date Pace

Filed in Economics, Material Costs, Trends by on August 16, 2021 4 Comments
Building Material Prices Climbing at Record Year-to-Date Pace

Building material prices have increased 19.4% over the past 12 months and 13% year to date, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Prices paid for goods used in residential construction (excluding energy) rose 0.2% in July after climbing 3% in June (not seasonally adjusted). Building materials (i.e., inputs to residential construction less food and energy) prices have declined just twice since December 2019.

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What Are the Most Common Exterior Materials for New Homes?

Filed in Economics, Trends by on August 6, 2021 0 Comments
What Are the Most Common Exterior Materials for New Homes?

Stucco was the most common principal exterior material on new single-family homes started in 2020 (28%), followed by vinyl siding (26%), according to the data from the Census Bureau’s Survey of Construction (SOC).

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Led by OSB, Lumber Products Now Add Nearly $30K to the Price of a New Home, $92 to Rent

Led by OSB, Lumber Products Now Add Nearly $30K to the Price of a New Home, $92 to Rent

Changes in prices for softwood lumber products that occurred between April 17, 2020 and July 8, 2021 have added $29,833 to the price of an average new single-family home, and $9,990 to the market value of an average new multifamily home, according to NAHB’s latest estimates. The increase in multifamily value, in turn, translates to households paying $92 a month more to rent a new apartment.

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At NAHB’s Urging, White House Holds Supply Chain Summit

At NAHB’s Urging, White House Holds Supply Chain Summit

NAHB’s tireless efforts to engage the White House to convene a home building materials supply chain summit to seek out solutions to end production bottlenecks that have resulted in soaring material prices has borne fruit.

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OSB Prices Have Skyrocketed More than 500% Since January 2020

Filed in Advocacy, Housing Affordability, Material Costs by on July 15, 2021 4 Comments
OSB Prices Have Skyrocketed More than 500% Since January 2020

Framing lumber prices garnered more attention than any other building material over the past year as prices quadrupled between April 2020 and May 2021. But even as lumber prices decline, the spotlight on lumber continues to crowd out the story of meteoric price increases of another wood product integral to the integrity of a building’s structure — oriented strand board (OSB).

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NAHB Urges Congress to Enact Policies to Help Builders Boost Housing Production

Filed in Advocacy, Housing Affordability, Material Costs by on July 14, 2021 3 Comments
NAHB Urges Congress to Enact Policies to Help Builders Boost Housing Production

NAHB CEO Jerry Howard testified before Congress today and called on lawmakers to enact key policy proposals that will help home builders to expand the housing supply, reduce the housing deficit and improve housing affordability for all Americans. During a hearing before the House Ways and Means Subcommittee on Oversight on the topic of expanding housing access to all Americans, Howard noted that rising home prices, apartment rents and construction costs represent additional risks to housing affordability for prospective home buyers and renters.

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Why Builders Stick with Lumber Despite Price Hikes and Shortages

Filed in Economics, Material Costs by on July 12, 2021 5 Comments
Why Builders Stick with Lumber Despite Price Hikes and Shortages

With builders grappling with record-high lumber prices and supply shortages over the past year, why are so few willing to switch away from traditional wood framing methods? A June 2021 survey for the NAHB/Wells Fargo Housing Market Index (HMI) reveals several reasons, but one stands out above the rest.

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Strategies Builders Employ to Combat Rising Building Material Costs and Shortages

Strategies Builders Employ to Combat Rising Building Material Costs and Shortages

Single-family builders have taken several steps to counteract rising building material prices and shortages. More than 50% report taking these two specific actions.

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