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NAHB New Chair to Tackle Regulation and Promote Trades

Pro Builder

NAHB New Chair to Tackle Regulation and Promote Trades. Chuck Fowke named NAHB's new chair; a look at new single-family home inventory. NAHB Housing Policy Briefing. NAHB will work with Congress, the White House, and federal agencies to reduce regulatory barriers and increase housing production.

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How the Skilled Labor Shortage Is Slowing New Home Development

Pro Builder

A national shortage of skilled construction labor is prolonging a housing crisis defined by low inventory and affordability. The NAHB is estimating that 740,000 workers will need to be hired each year for the next three years to keep up with market demand. A lack of skilled construction workers is delaying multifamily projects.

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Regulatory Costs Increased 44% in 10 Years

Pro Builder

NAHB says regulatory costs are one of the biggest factors limiting housing construction. The estimate of $41,330 in regulatory costs incurred during development is based largely on the “Land Developer Survey on Regulatory Costs” conducted by NAHB in March of 2021. Read More. .

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Labor Shortage Causing Housing Crisis Across U.S.

Pro Builder

is reaching a crisis level, says the NAHB, but in order to meet rising consumer demands, 740,000 new workers will need to be hired per year for the next three years despite a gain of just over 100,000 in the past year. . A skilled labor shortage across the U.S.

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Fed Economist Forecasts Uptick in Single-Family Construction

Pro Builder

NAHB reports. Rebounding construction could lead to supply constraints as well as exacerbate an existing shortage of skilled labor, construction materials, and ready-to-build lots, though long-term inventory growth is necessary to resolve an ever-widening housing affordability crisis. .

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Economic Outlook 2021

Pro Builder

Strong buyer demand despite higher home prices, shrinking inventory, a spike in lumber prices, and continuing supply chain issues are just some of the factors in play for the home building industry in 2021. NAHB forecasts ongoing growth in single-family construction in 2021, albeit at a lower growth rate than realized in 2020.

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Construction Workforce Development Gets New Funding Boost

Pro Builder

Research by economists at the National Association of Home Builders ( NAHB ) indicates that the home building industry requires almost 2.2 An estimated 70,000 students this year alone will learn about the skilled trades needed in residential construction. below the March 2022 estimate of 707,000. Census Bureau. This is a 9.6%

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