Posts Tagged ‘ Jerry Konter ’

NAHB: Builder Confidence Underwater After Falling for Eighth Consecutive Month

Aug 16th, 2022

The National Association of Homebuilders (NAHB) reports that builder confidence fell for the eighth straight month in August as elevated interest rates, ongoing supply chain problems and high home prices continue to exacerbate housing affordability challenges. In another sign that a declining housing market has failed to bottom out, builder confidence in the market for […]

NAHB Supports Changes Made to Inflation Reduction Act; Works to Continue to “Improve” Bill

Aug 11th, 2022

As the Senate pushes to pass the Inflation Reduction Act of 2022, the National Association of Homebuilders (NAHB) says it remains opposed to the bill. The association is working with Sen. Kyrsten Sinema (D-Ariz.) to obtain key changes as it related to carried interest and how companies can deduct depreciated assets from taxes. During the […]

Department of Treasury Sets New Guidance on Affordable Housing Development; NAHB Chair Responds

Jul 29th, 2022

The U.S. Department of the Treasury announced new guidance this week to increase the ability of state, local, and tribal governments to use American Rescue Plan (ARP) funds to boost the supply of affordable housing in their communities. A Department of Treasury press release says the step follows a commitment in the Administration’s recently released […]

NAHB Urges Congress Take Action to Ease Housing Affordability Crisis

Jul 25th, 2022

At a Senate Finance Committee hearing last week regarding the role of tax incentives in affordable housing, the National Association of Home Builders (NAHB) told Congress that the housing affordability crisis is far-reaching and will require action on several fronts, not just the tax arena. “The housing affordability crisis is the result of failing to […]

Builder Confidence Plunges in Face of Affordability Woes

Jul 21st, 2022

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), released on Monday, shows that builder confidence plunged in July as high inflation and increased interest rates stalled the housing market by dramatically slowing sales and buyer traffic. In a further sign of a weakening housing market, builder confidence in the market for […]

Survey Finds Homebuilders Optimistic Despite Slower Demand

Jul 15th, 2022

The Association of Professional Builders (APB) released its 2022 State of Residential Construction Report, which found members are optimistic about their businesses even as U.S. economists warn of a possible recession.  While that means more doors and windows may be needed to meet remaining demand, the association points to a number of considerations of which […]

Builder Confidence Drops for Fifth Straight Month

May 20th, 2022

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), released earlier this week, points to falling builder confidence in the market for newly built single-family homes, a sign that the organization says indicates the housing market is now slowing. Builder confidence fell eight points in May, to 69, as growing affordability challenges—rapidly […]

Builder Confidence Continues to Fall, Housing Market Reaches Inflection Point

Apr 22nd, 2022

Builder confidence in the market for newly built single-family homes moved two points lower to 77 in April, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released earlier this week. It marks the fourth straight month that builder sentiment has declined, as rapidly rising interest rates combined with ongoing […]

NAHB Urges Swift Action on Canadian Lumber Pact Following UK Deal on Steel Tariffs

Mar 28th, 2022

The National Association of Homebuilders (NAHB) is calling on the Biden administration to move immediately to negotiate a new softwood agreement with Canada that will end tariffs. The push comes after the administration announced that it had reached a deal with the United Kingdom to lift steel and aluminum tariffs imposed by former President Donald […]

NAHB Chairman Calls for Ending Lumber Tariffs, Boosting Output at White House Event

Mar 22nd, 2022

National Association of Homebuilders chairman Jerry Konter urged the Biden administration to increase domestic production of timber from federal lands and to work with Canada on a new softwood lumber agreement that will eliminate tariffs during a virtual White House listening session last week on resolving the lumber and building material supply chain crisis. “Historically […]

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