Posts Tagged ‘ Chuck Fowke ’

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 […]

New Priced Out Study Highlights the Housing Affordability Crisis

Mar 4th, 2021

A new study by the National Association of Home Builders (NAHB) puts a spotlight on the nation’s housing affordability crisis and illustrates how even a relatively small increase in the price of a home can prevent hundreds of thousands of households from achieving the goal of homeownership. The study found that a $1,000 increase in […]

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 […]

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