President Joe Biden delivered his annual State of the Union address Tuesday, touting accomplishments ranging from economic recovery and record-low unemployment to a new bipartisan infrastructure law. “Two years ago, the economy was reeling,” the president told a joint session of Congress. “I stand here tonight, after we’ve created, with the help of many people […]

February opened on a week of mixed feelings for attendees of the National Association of Home Builders’ (NAHB) International Builders Show (IBS). With more than 110,000 professionals cross pollenating between IBS and the Kitchen & Bath Industry Show, the scene was busy and jubilant—marking Design & Construction Week’s largest attendance ever. “I’ve been to more […]

The National Association of Home Builders (NAHB) named the winners in its 10th annual Best of IBS Awards. Awards were presented during a ceremony on the final day of the association’s International Builders Show (IBS) in Las Vegas, including two for Door Stud LLC. “As a builder and consumer, I was very impressed to see […]

The Home Builders Institute (HBI) has announced the appointment of Pamela Hughes Patenaude as chair of the nonprofit organization’s board of trustees. “Pam Patenaude is one of the nation’s most respected leaders in housing,” said Ed Brady, president and CEO of HBI, at its winter meeting. “Her appointment comes at a time when ending the […]

Builder confidence in the market for newly built single-family homes snapped its longest losing streak last week, rising four points for the month of January, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The rebound follows 12 straight months of decline through December 2022 and the first real decrease […]

While inflation and associated market conditions have thrown a wrench into the company’s plan to purchase a building in Hopkinsville, Ky., Elevate Windows and Doors remains “100% committed” to entering the Kentucky-Tennessee corridor, says CEO James Gresham. Gresham says Elevate is currently pursuing other options, such as leasing space—a move that would still give the […]

Data released by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau just before Christmas shows that sales of newly built, single-family homes in November increased 5.8% to a seasonally adjusted annual rate of 640,000. At the same time, on a year-to-date basis, new home sales are down 15.2%. The National […]

The National Association of Home Builders (NAHB)/Wells Fargo Home Mortgage Housing Market Index (HMI), published this week, shows numbers continuing to slide across most sectors. The overall preliminary December HMI dropped to 31, from November’s revised number of 33, indicating that builder confidence remains the less-than-positive. The NAHB attributes high mortgage rates, elevated construction costs […]

In the most recent edition of the National Association of Home Builders’ (NAHB) biweekly newsletter, Eye on the Economy, NAHB chief economist Robert Dietz provided a housing industry overview that found weaker demand is causing home prices to fall. Pointing to the recent stabilization in mortgage interest rates and an anticipated tighter monetary policy from […]

The National Association of Home Builders (NAHB) points to continued elevated interest rates, high building material costs and declining affordability conditions pushing buyers to the sidelines as the source of the continued drag on builder sentiment. NAHB recorded the lowest confidence reading since June 2012 with the exception of the onset of the pandemic in […]