News/Blog
Led by OSB, Lumber Products Now Add Nearly $30K to the Price of a New Home, $92 to Rent
Changes in prices for softwood lumber products that occurred between April 17, 2020 and July 8, 2021 have added $29,833 to the price of an average new single-family home, and $9,990 to the market value of an average new multifamily home, according to NAHB’s latest...
Most Home Builders are Small Businesses
New NAHB research shows that despite declining self-employment rates and the rising top builder market share, residential construction remains the industry of independent entrepreneurs. Close to 80% of home builders and specialty trade contractor firms are...
NAHB Awards Programs Now Open
Winning an NAHB award is the most prestigious honor you can earn in the home building industry and one of the savviest ways to get your company noticed. Don’t miss your chance to get the recognition you deserve! Whether it’s a stellar project or product, an...
Labor Scarcity Will Increase
From NAHB Now:NAHB Chief Economist Robert Dietz recently provided this housing industry overview in the bi-weekly e-newsletter Eye on the Economy. According to the latest data from the Bureau of Labor Statistics, the overall economy has 9.2 million unfilled jobs,...
Why Builder Lumber Prices Remain Higher than Headlines Suggest
BY DAVID LOGAN on JULY 6, 2021 (NAHB Eye on Housing) Lumber futures prices have decreased by 52 percent (on a front-month basis) over the past seven weeks as mill prices have fallen 48 percent over the same period.[1] In contrast, prices paid by builders since late...
Strategies Builders Employ to Combat Rising Building Material Costs and Shortages
How have single-family builders reacted to recent shortages and price increases in building materials? The most common strategies, cited by 62% and 59% of builders, were to raise their prices on their homes frequently and pre-ordering materials, according to a June...
NAHB Chairman Urges Congress to Boost Lumber Production from Federal Lands
To help resolve lumber supply shortages and rein in elevated prices, NAHB Chairman Chuck Fowke today called on Congress to increase domestic lumber production from federal lands, both as a means to improve housing affordability and address the resilience of our...
The Top Kitchen and Bath Features that Buyers Crave
When it comes to key home amenities, double sinks and pantries stand out as “must have” items in the kitchen while a shower stall and tub are essential in the primary bathroom, according to NAHB’s recent study, What Home Buyers Really Want, 2021 Edition. Among the...
Housing Prices Likely to Remain High as Supply Remains Low, Disproportionately Affecting Minorities
Housing demand remains strong amid tight supply, a tight credit market and low interest rates, while major urban areas experience higher-than-average vacancy rates and declines in rent as renters shift to suburban markets. However, the pandemic has not only created a...
