NAHB

Homebuilder confidence increases slightly in October

Declining material costs and strong economy contribute to gain

October 16, 2018

Homebuilder confidence rose one point to 68 in October, according to the National Association of Home Builders/Wells Fargo Housing Market Index. "Builders are motivated by solid housing demand, fueled by a growing economy and a generational low for unemployment," NAHB Chairman Randy Noel said.

The Home Builders Institute appoints new president and chief executive officer

Ed Brady set to take John Courson role as he heads to retirement

October 11, 2018

Alcynna Lloyd

The Home Builders Institute recently announced it appointed former chairman of the National Association of Homebuilders Ed Brady as president and chief executive officer of the organization. NAHB Chairman Randy Noel said Brady is the perfect person for the job.

CNBC: Chinese tariffs are going to make your home renovations more expensive

NAHB claims there could be a $2.5 billion tax increase on the industry

September 24, 2018

This year, the National Association of Home Builders’ Remodeling Market Index revealed that in the fourth quarter of 2017, the RMI reached 60 for the second time since 2001. Although the increasing demand for home renovation has carried over to 2018, recently imposed tariffs are expected to reduce home renovation affordability.

Home builders group: New tariffs on Chinese goods are a tax on housing

New tariffs are slated to affect materials related to housing construction

September 18, 2018

Jeremiah Jensen

New tariffs against China could add $1 billion in costs to goods involved with housing construction. According to CNBC’s Realty Check, the NAHB estimates that of the 6,000 goods under the umbrella of the latest round of tariffs, roughly 600 products, representing $10 billion in goods, are related to the construction of new apartments and homes.

Homebuilder group: We want to see more women building homes

NAHB members support Professional Women in Building Week

September 17, 2018

Alcynna Lloyd

This week, in recognition of Professional Women in Building Week, the National Association of Homebuilders is calling for an increase in the recruiting efforts for women to work in the homebuilding industry.

Construction spending increases 0.1% in July

July 2018 is 5.8% above July 2017

September 4, 2018

Alcynna Lloyd

The U.S. Census Bureau of the Department of Commerce announced that construction spending during July 2018 was estimated at a seasonally adjusted annual rate of $1.32 billion, 0.1% above the revised June estimate of $1.31 billion.

NIMBYism is depressing multifamily developers

“Not In My Backyard” is keeping some developers from building

August 27, 2018

Ben Lane

Multifamily developers’ confidence in the health of the market fell over the last few months, thanks to a combination of factors, including the threat of rising construction costs due to tariffs and NIMBYism standing in the way of new multifamily developments getting off the ground.

Housing starts ticked up in July

Single-family housing starts climbed to 862,000 in July

August 16, 2018

Alcynna Lloyd

Housing starts slightly increased a bit in July, according to the latest report from the U.S. Census Bureau. PricewaterhouseCoopers Principal Scott Volling said that homebuilders are being affected by a slight increase in inventory.

Housing stock age shows desperate need for new construction

Average age increases over past decade

August 10, 2018

Kelsey Ramírez

Aging housing stock tells the tale of a construction industry that continues to fall behind in the number of new homes built each year. NAHB explained the aging trend is due primarily to the slight increases in residential construction over the past decade, and it’s giving rise to a new trend in the construction industry.

Homebuilder confidence remains steady in July

Rising cost of materials haunt homebuilders

July 17, 2018

Alcynna Lloyd

Builder confidence in the market for newly built single-family homes remained unchanged at 68 points in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Homebuilders are encouraged by the growing housing demand, but construction material costs still hinder optimism, according to NAHB Chief Economist Robert Dietz.