Posts Tagged ‘ Chuck Fowke ’

FGIA Conference Gives Update on U.S. Codes

Mar 1st, 2021

The COVID-19 pandemic has impacted the adoption of some codes in the U.S., but code cycles continue, including those for the I-codes. The Fenestration and Glazing Industry Alliance (FGIA) held a “U.S. and Canadian Codes Report” session during its 2021 Virtual Annual Conference to keep its members informed about the latest in codes. ICC Updates […]

January: New Home Sales Higher, Supply Concerns Remain

Feb 26th, 2021

A combination of low interest rates, favorable demographics and a suburban shift for home building to smaller, more affordable housing markets created a strong demand that helped to lift new home sales in January, but rising lumber and material costs continue to threaten the momentum. Newly released data by the U.S. Department of Housing and […]

January Shows Upswing in Construction; High Demand Offsets Higher Costs-For Now

Feb 22nd, 2021

A report issued last week from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau Housing showed that production softened in January as rising lumber prices continue to affect the housing industry. Overall housing starts decreased 6.0 percent to a seasonally adjusted annual rate of 1.58 million units. The January reading […]

Lumber Prices are Hammering Housing Affordability; NAHB Hopes Government Can Help

Feb 18th, 2021

The National Association of Home Builders (NAHB) reports that millions of potential home buyers are being priced out of the market thanks to soaring lumber prices, which are adding thousands of dollars to the cost of a new home and impeding the residential construction sector from moving the economy forward. The organization is hoping the […]

Housing Affordability Holds Steady; Challenges Loom

Feb 9th, 2021

The most recent National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) shows that record-low mortgage rates offset record-high home prices to keep housing affordability steady in the fourth quarter of 2020. Though affordability rates held firm, regulatory and supply-side challenges could still aggravate affordability problems in the year ahead. In all, 58.3% […]

December New Home Sales Steady

Feb 1st, 2021

Newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows sales of newly built, single-family homes in December rose 1.6% to an 842,000 seasonally adjusted annual rate from a downwardly revised November reading. Solid demand for new home sales in December were offset by higher home prices, […]

NAHB Calls for Another COVID-19 Safety Stand Down

Jan 12th, 2021

The National Association of Home Builders (NAHB) is encouraging members and all residential construction companies to halt work for at least 10 minutes the week of Jan. 11-15 for a COVID-19 Jobsite Safety Stand Down to remind workers what they should do to keep themselves safe from coronavirus and to help reduce its spread. After […]

Congress Passes COVID Relief Bill, NAHB Weighs In

Dec 22nd, 2020

Congress passed a COVID relief bill late Monday and the National Association of Home Builders (NAHB) wasted no time in applauding these efforts. Chuck Fowke, NAHB chair and a custom home builder from Tampa, Fla., issued the following statement after Congress passed a $900 billion economic relief package. “NAHB commends congressional leaders for working together to […]

Single-Family Starts Leveling Off at Strong Pace in November

Dec 18th, 2020

A report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows the number of single-family starts flattened in November with builders struggling to meet demand. Overall housing starts increased 1.2% to a seasonally adjusted annual rate of 1.55 million units, the number of housing units builders would begin if […]

Builder Confidence Remains Strong, No Longer at Record High

Dec 17th, 2020

After three successive months of record highs, the latest NAHB/Wells Fargo Housing Market Index (HMI) shows builder confidence in the market for newly built single-family homes fell four points to 86 in December. Despite the decline, this is still the second-highest reading in the history of the series, after last month’s rating of 90. “Housing […]

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