Posts Tagged ‘ Chuck Fowke ’

Single-Family Starts Steady in May

Jun 21st, 2021

A recent report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows overall housing starts increased 3.6% in May to a seasonally adjusted annual rate of 1.57 million units off of a downwardly revised April reading. The May reading of 1.57 million starts is the number of housing units […]

NAHB: Rising Material Challenges Drives Declining Builder Sentiment

Jun 17th, 2021

The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released this week shows that builder confidence in the market for newly built single-family homes fell two points to 81 in June, its lowest level since August 2020. Even with the rising material prices and supply chain shortages that caused the monthly […]

Areas with Shortest Commute Times Most Popular for Home Building Areas

Jun 7th, 2021

The quarterly NAHB Home Building Geography Index (HBGI) released earlier this month shows home building expanded the fastest in places with the shortest commute times. The HBGI also shows the suburban shift in new home construction to low density, low cost markets stemming largely from the COVID-19 pandemic and first reported in the second quarter […]

Change the Thermostat All You Want, Someone Will Always Be Unhappy

May 25th, 2021

For 15 years now, it seems, I’ve had a file on my desk labeled “Softwood Lumber.” Well, maybe not a crinkled up, over-stuffed, physical folder, but at least a collection of digital files and research. I say, “it seems,” because I’m speaking somewhat figuratively. Point being this topic has been part of my life and […]

Associations Press for Interventions Over Lumber Prices at the Highest Levels

May 24th, 2021

The costs for building materials remains a red-hot issue for suppliers and construction firms, as representative associations plea with government officials to investigate and take action. In late March, a cohort of 36 construction-related organizations, including the National Lumber and Building Material Dealers Association (NLBMDA), the National Association of Home Builders (NAHB) and the Associated […]

As Home Prices Rise Owners Also Set to Spend More on Improvements

Apr 20th, 2021

After the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) showed a slight dip in builder confidence in March, data from the U.S. Census Bureau shows a rise in building permits issued for the same month, along with a sharp year-over-year increase. In March, officials for NAHB pointed to material costs and […]

Builders Point to Material Costs and Interest Rates for Slight Decline in Confidence

Mar 23rd, 2021

With a slight decrease in confidence registering among builders in March, officials for the National Association of Home Builders (NAHB) point to material costs and interest rates as culprits. After attempting to persuade the U.S. Department of Commerce to take action on escalating costs for lumber and other materials, officials for NAHB now say those […]

NAHB Pushes for Solutions to Keep Homes Resilient and Affordable

Mar 19th, 2021

Housing production weakened in February as ongoing high material costs and interest rates continue to affect the housing industry. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau report overall housing starts decreased 10.3% to a seasonally adjusted annual rate of 1.42 million units. The 1.42 million starts is the number […]

Builder Sentiment Dip in Face of Higher Material Costs, Interest Rates

Mar 18th, 2021

The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) shows that builder confidence in the market for newly built single-family homes fell two points to 82 in March. High buyer traffic and strong demand, wasn’t enough to keep builder sentiment up in March as rising lumber and other material prices pushed […]

IECC Slated for More Input by Government Officials

Mar 8th, 2021

The International Code Council (ICC) released a new framework last week, changing the means by which it updates the International Energy Conservation Code (IECC) from government consensus to an American National Standards Institute (ANSI) approved standards process. Adopted by ICC’s board and couched as a means for helping governments and building industry stakeholders to meet […]

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