Solid demand, a lack of existing inventory and improving supply chain efficiency helped shift builder confidence into positive territory for the first time in 11 months. Builder confidence in the market for newly built single-family homes in June rose five points to 55, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market…
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At NAHB’s urging, Rep. Richard Hudson (R-N.C.) and Sen. John Barrasso (R-Wyo.) have introduced identical House and Senate bills – Protecting America’s Distribution Transformer Supply Chain Act – that would delay for five years any rulemaking on energy-efficiency standards for distribution transformers. “At a time when the home building industry is facing a severe shortage…
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More than 700 builders, remodelers and associates engaged in all facets of residential construction marched on Capitol Hill today to call on Congress to take steps to ease the nation’s housing affordability crisis and make housing and homeownership a national priority. “From coast to coast, members of the housing community have come to Washington for…
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Solid nominal wage gains (unadjusted for inflation) combined with lower mortgage rates and home prices helped to boost housing affordability at the start of 2023, but ongoing building material supply chain issues and expected wage growth cooling signal ongoing concerns for affordability conditions in the year ahead. According to the National Association of Home Builders…
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As the National Association of Home Builders (NAHB) celebrates National Homeownership Month in June, more Americans are turning to new home construction as existing inventory remains low and mortgage rates begin to stabilize. Sales of newly built, single-family homes increased in April, reaching the highest level since March 2022. “Buyers are purchasing new homes so…
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