Posts Tagged ‘ National Association of Home Builders (NAHB) ’

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 […]

Recent Forecasts Give Full Picture of Housing’s Future

Feb 16th, 2021

Economists at the National Association of Home Builders (NAHB) covered all aspects of forecasting last week, during IBSx seminars, from residential to multi-family to remodeling. The news is good on all fronts, experts say, but not without challenges. Remodeling Residential remodeling recovered fully from the beginning of COVID-19, and spending on residential improvements will continue […]

NAHB Identifies 2021’s Top COVID-19 Related Features and Design Trends

Feb 12th, 2021

Some key trends that had been declining for four years—including the average size of the home and the number of bedrooms and bathrooms—reversed course in 2020 in the wake of COVID-19, which prompted a shift in buyer preferences, the National Association of Home Builders (NAHB) reports. The average size home remained at 2,486 square feet, […]

IBSx Goes Virtual, But Without a Digital Expo—For Now

Feb 11th, 2021

The 2021 International Builders’ Show virtual experience (IBSx) launched on Tuesday, and it wasn’t without a few hiccups—and we mean more than how COVID-19 turned the trade show industry on its ear, and left suppliers scrambling to get their new products in the hands of current and potential customers. IBSx, continuing through Friday, offered an […]

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, […]

Remodeling Industry Confidence Is Strong Despite COVID-19

Jan 29th, 2021

The National Association of Home Builders (NAHB) released its Remodeling Market Index (RMI) for the fourth quarter of 2020, posting a reading of 79, which indicates that residential remodelers have strong confidence in their markets, for projects of all sizes. “The remodeling market was consistently strong throughout 2020, as home owners had more time on […]

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 […]

Final Rule to Provide Clarification for Employee Versus Independent Contractor

Jan 7th, 2021

The U.S. Department of Labor (DOL) announced a final rule Wednesday, clarifying the standard for what constitutes an employee versus an independent contractor under the Fair Labor Standards Act (FLSA). U.S. Secretary of Labor Eugene Scalia said the rule brings “long-needed clarity for American workers and employers,” by helping employers to identify which employees are […]

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 […]

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