Posts Tagged ‘ National Association of Homebuilders (NAHB) ’

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 […]

NAHB: Homebuyer Competition Decreases; Share of Active Buyers Up

Aug 5th, 2022

The National Association of Homebuilders (NAHB) Economics team created the Housing Trends Report (HTR) — a research product with the goal of measuring prospective homebuyers’ perceptions about the availability and affordability of homes for-sale in their markets — and, according to the results from the latest HTR, the share of prospective home buyers who are […]

Private Residential Spending Inches Up in May

Jul 5th, 2022

A recent National Association of Homebuilders (NAHB) analysis of the Census Construction Spending data shows that private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $938.2 billion in May. That’s up 0.2% over the upwardly revised April estimates of $935.9 billion. On a year-over-year basis, total private construction spending was 19% […]

Federal Government to Issue Additional 35,000 H-2B Visas

May 19th, 2022

The National Association of Homebuilders (NAHB) reports that the Department of Homeland Security (DHS) and the Department of Labor (DOL) announced this week that an additional 35,000 H-2B temporary nonagricultural worker visas will be available during the second half of fiscal year 2022. These visas are for U.S. employers seeking to employ additional workers on […]

NAHB Members Send Letter to Biden Warning of Housing Crisis

Apr 29th, 2022

More than 10,000 National Association of Homebuilders (NAHB) members from all 50 states, the District of Columbia and Puerto Rico sent a letter to President Biden on April 27, the organization reports, calling on the White House to take immediate action as the growing housing affordability crisis is pushing the housing market to an inflection […]

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 […]

Homebuilder Confidence Edges Lower on Inflation Concerns

Jan 21st, 2022

A four-month rise in homebuilder sentiment has “snapped,” the National Association of Homebuilders (NAHB) said this week, citing growing inflation concerns and ongoing supply chain disruptions, though the association says consumer demand remains robust. According to the NAHB/Wells Fargo Housing Market Index (HMI) released on Tuesday, builder confidence in the market for newly built single-family […]

Lumber Prices on the Rise Again; Reflect in Home Prices

Jan 11th, 2022

Falling lumber prices have rebounded and the associated ripple effects are following suit. The National Association of Homebuilders (NAHB) reports new home prices have increased more than $18,000, as lumber prices have tripled in the last four months. The increase “also added nearly $7,300 to the market value of the average new multifamily home,” which […]

Continued High Consumer Demand Leads to Jump in New Home Sales

Dec 28th, 2021

Newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows that new home sales posted a solid gain last month, driven by strong buyer demand, low existing home inventory and buyers’ anticipation of higher mortgage rates. “Our members are seeing strong buyer traffic as continued low mortgage […]

Building Material Prices: Large Increases Year to Date

Sep 14th, 2021

Although the recent drop in softwood lumber prices since mid-May is helping bring costs down (after having driven them up drastically earlier in the year), the decline has been offset by large increases in the prices of several other building material products. The National Association of Homebuilders (NAHB) reports that the prices of building paper […]

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