Pro Builder

JUNE 23, 2023

The ceremony recognized this year's recipients of the Exemplary Service to Home Building Award as well as the 2023 inductees to the National Housing Hall of Fame. Those honored at this year's awards ceremony have made a broad impact on housing development and home building throughout their respective careers, NAHB says.

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Pro Builder

NOVEMBER 1, 2022

Housing Outlook: Is This a Recession … or Not? The current housing slowdown is a reality, but determining whether we’re in a recession right now isn’t so clear. After a two-year period of frenetic activity spurred by low mortgage rates and rising home prices, the housing industry has its finger on the reset button. “I

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Pro Builder

NOVEMBER 23, 2021

How NAHB Members Can Benefit From Biden’s New Infrastructure Measure. One key provision signals a win for the NAHB and could save thousands of dollars for some developers. For the past three years, the NAHB has been fighting to restore an exemption for water and sewer contributions in aid of construction (CIAC). .

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Pro Builder

JULY 6, 2021

NAHB Policy Briefing | NAHB input on OSHA standard to protect workers from COVID-19; real estate values rise. NAHB argued that residential construction should not be included under the standard because the nature of new-home building and remodeling makes them a much lower risk for virus transmission. Tue, 07/06/2021 - 12:00.

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Pro Builder

OCTOBER 1, 2020

Stringent residential design standards imposed by local governments are affecting housing costs; the impact of new residential construction on the broader economy (chart). NAHB Housing Policy Briefing. Solving the Housing Affordability Crisis Requires Reshaping Public Policy. . Thu, 10/01/2020 - 06:00. Advertisement. .

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Pro Builder

JANUARY 5, 2023

During the show, we announced a new partnership between NAHB and the Boys & Girls Clubs of America to introduce more of America’s youth to potential careers in residential construction and provide young people with opportunities for career exploration through skills-based learning activities. Department of Housing and Urban Development.

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Pro Builder

JANUARY 13, 2022

NAHB Request Prompts Extended COVID-19 Relief From IRS. A recent announcement by the IRS offers extended relief from some residential housing requirements. The IRS notice also permits property owners to provide temporary emergency housing to medical personnel and essential workers as displaced individuals. . Government + Policy.

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Pro Builder

JULY 20, 2022

Builder confidence in the new home market posted its seventh consecutive monthly decline in July after falling 12 points to 55, its second-largest single-month drop in the data’s history, according to the most recent NAHB/Wells Fargo Housing Market Index.

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Pro Builder

JULY 15, 2022

Lumber products have been subjected to extreme price volatility throughout the pandemic, adding an average of $14,345 to the price of a new single-family home and an average $5,511 to the market value of a new multifamily home, NAHB Eye on Housing reports.

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Pro Builder

NOVEMBER 25, 2020

NAHB International Builders' Show Shifts to All-Virtual Event. An early-bird IBSx expo pass is free for NAHB members and costs $50 for nonmembers. . ABOUT NAHB: The National Association of Home Builders is a Washington, D.C.-based Wed, 11/25/2020 - 09:50. 9 through Feb. For more, visit nahb.org. . International Builders' Show.

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Pro Builder

MAY 6, 2023

Research by economists at the National Association of Home Builders ( NAHB ) indicates that the home building industry requires almost 2.2 million new hires over the next three years to keep pace with growth in housing demand and attrition within its labor force. former Kohler Co. executive chairman. Census Bureau. This is a 9.6%

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Pro Builder

JUNE 3, 2023

per month in Climate Zone 3 for a standard 2,500 square-foot single-family house, yet it costs roughly $1,366 to achieve that level of insulation. In some cases, it would take well over 100 years to achieve a savings in energy costs commensurate with the increased cost to comply with the code. Another example is continuous wall insulation.

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Pro Builder

DECEMBER 16, 2022

On the opposite end of the spectrum were Hawaii, with an average effective tax rate of 0.28%, and Alabama, with an annual real estate tax bill of $815 in 2021, according to NAHB Eye on Housing. Other factors are clearly at play, and state and local government financing turns out to be a major one. Housing Markets.

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Pro Builder

JULY 28, 2022

Share of New Home Sales Financed Through FHA Loans Falls to 14-Year Low. Over the last four quarters, the share of new home sales financed with conventional loans has climbed by 4.3 The most recent Quarterly Sales by Price and Financing published by the U.S. were financed through conventional loans, a 1.8 Financing.

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Pro Builder

JUNE 8, 2023

housing affordability crisis and make housing a national priority. housing affordability crisis and make housing a national priority. million housing units, and apart from resolving a supply-demand imbalance, increased residential construction could also help to tame inflation in the U.S. The nation is short 1.5

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Pro Builder

APRIL 1, 2022

Americans Hindered by Low Housing Affordability Want Action From Policymakers. Over 75% of all Americans are impacted by a lack of affordable housing, and they're growing impatient with seemingly apathetic policymakers. The nation needs more housing and Americans want the federal government to support more new home production.

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Pro Builder

AUGUST 4, 2021

NAHB Policy Brief | Lumber prices have moderated, but lower costs haven't worked their way to builders; New home prices too expensive for lower-income households. ABOUT NAHB: The National Association of Home Builders is a Washington, D.C.-based Why Builders Wait to See Lower Lumber Prices. Wed, 08/04/2021 - 06:00.

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Pro Builder

JULY 3, 2020

NAHB Housing Policy Briefing. As jobs numbers show signs of improvement, the National Association of Home Builders’ economics team sees the potential for residential construction to lead the economy out of the downturn, based on analysis of key housing data sources. How Coronavirus Is Affecting the Housing Industry.

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Pro Builder

MAY 24, 2023

At least 90% of single-family builders responding to survey by the National Association of Home Builders (NAHB) reported a shortage of carpenters, and 80% to 85% reported a shortage of subcontractors in six other trades. to shore up housing’s labor shortage. to shore up housing’s labor shortage. Here are the facts: The U.S.

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Green Building Law Update

MARCH 6, 2015

s multifamily housing stock.” National Green Building Program, National Association of Home Builders (NAHB). This is huge as it serves to standardize and expand the emergent green secondary financing market in the U.S. (. ” This new pricing break program does just that. Green Globes, Green Building Initiative.

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Pro Builder

NOVEMBER 15, 2021

Federal Reserve Pulls Back on Stimulus in Response to Weakened Housing Affordability. Despite positive economic growth posting the best year since 1984, according to NAHB Now, rising home prices, construction costs, and mortgage rates will push more buyers out of the market as affordability wanes in the coming months. . Affordability.

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Pro Builder

SEPTEMBER 23, 2022

The Fed Ups Its Pressure on the Housing Market, Amplifying Recession Fears. The Federal Reserve raised the 30-year fixed-rate mortgage yet again on Wednesday, and with more gains expected in the months ahead, housing experts warn a recession could soon follow. Fri, 09/23/2022 - 11:56. in the final months of the year. Affordability.

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Pro Builder

FEBRUARY 25, 2021

The National Association of Home Builders (NAHB) is a Washington, D.C.-based National Association of Home Builders.

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Pro Builder

JUNE 18, 2021

This special supplement from the National Association of Home Builders ( NAHB ) examines the trends that will shape the industry over the next few years. Indeed, one point that the COVID-19 pandemic hammered home is that housing is truly essential. Looking forward, NAHB remains confident that the future of housing is bright.

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Pro Builder

MARCH 8, 2022

million households with an estimated median price of $412,506 in 2022 and the recent 30-year fixed-rate mortgage rate of 3.5%, reports NAHB’s Eye on Housing. New NAHB 2022 Priced-Out Estimates showed that 87.5 Housing Policy + Finance. Housing Policy + Finance. Roughly 87.5 Market Data + Trends.

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Pro Builder

FEBRUARY 21, 2023

of new-home sales in the fourth quarter of 2022, the largest share since 1990, according to the most recent Quarterly Sales by Price and Financing from the U.S. Different sources of financing also serve distinct market segments, which is revealed in part by the median new home price associated with each. Census Bureau.

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Pro Builder

JANUARY 6, 2022

On January 5th, the Federal Housing Finance Agency announced increases for upfront fees charged by Fannie Mae and Freddie Mac for second home mortgage loans and some high balance mortgage loans that exceed standard conforming loan limits, according to NAHBNow. Housing Markets. Housing Policy + Finance.

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Pro Builder

NOVEMBER 17, 2022

During the third quarter of 2022, credit on loans for Acquisition, Development & Construction (AD&C) became more costly and more difficult to obtain, according to NAHB Eye on Housing. Net easing indices from NAHB and the Fed were negative in Q3 2022, indicating tighter credit for builders and developers. Financing.

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Pro Builder

NOVEMBER 3, 2022

As the Federal Reserve continues to raise its short-term rates to cool inflation and slow the housing market, prospective buyers are desperate for a reprieve . Housing Policy + Finance. Financing. Given this intended policy stance, a hard landing with a mild economic recession is, in our view, highly likely.

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Pro Builder

OCTOBER 31, 2022

The share of cash purchases has climbed steadily for each of the past three quarters to reach a 20-year high, while new home sales financed through FHA are falling. Conventional loans continued to dominate home financing in the third quarter, accounting for 77.6% Financing. Census Bureau. New-Home Sales.

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Pro Builder

SEPTEMBER 15, 2022

housing market as house prices continue to fall. The Federal Reserve’s fight against inflation has many questioning the possibility of a housing crash as rising mortgage rates force the U.S. housing market into a sharp slowdown. Housing Markets. Housing Policy + Finance. Housing Markets.

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Pro Builder

MARCH 22, 2022

Property tax collections have been susceptible to only very small annual fluctuations, reflecting the long-term stability of property values, NAHB Eye on Housing reports. Housing Policy + Finance. Property taxes accounted for 36.2% Four-quarter property tax revenues declined 0.6% Financials. Financials.

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Pro Builder

JULY 14, 2022

June marked the fourth straight month for inflation above an 8% rate as consumer prices soared to a 40-year high, according to NAHB Eye on Housing. Housing Policy + Finance. Housing Policy + Finance.

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Pro Builder

MARCH 20, 2023

According to NAHB Eye on Housing, that scenario that is becoming increasingly common as the Fed continues to target the housing market in its fight to cool inflation. Read more Affordability Financing New-Home Sales Affordability million households. When interest rates increase from 6.25% to 6.5%, approximately 1.28

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Pro Builder

MARCH 6, 2023

The decrease in new home size reflects the escalation of home prices in 2022 and builders scaling back to try to meet demand,” said Rose Quint, NAHB assistant vice president of survey research. NAHB is affiliated with 700 state and local home builders associations around the country. NAHB Category Premium

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Pro Builder

JANUARY 10, 2023

That sharp increase sent monthly mortgage payments from $1,925 on a median priced new home in early 2022 to $2,923 on the same house by the close of the year, a 51% increase, according to NAHB Eye on Housing. . From early 2022 to late October, the U.S. As a result, only 20.3% Affordability. Market Data + Trends.

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Pro Builder

APRIL 13, 2023

Higher interest rates are having an effect on larger projects, with most of the homeowners who undertake large projects paying cash rather than financing them. The remodeling sector is expected to experience steady growth in 2023, but at a slower pace than in 2022. Read more Remodeling Projects Remodeling Market Data + Trends Remodeling

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