News
Challenges We Faced in 2021: Housing Affordability
Housing affordability has been an ongoing concern surrounding the home building industry, as factors such as lot and …
New Home Sales Jump in November on High Consumer Demand
New home sales posted a solid gain last month, driven by strong buyer demand, low existing home inventory and buyers’ anticipation of future higher mortgage rates.
Sales of newly built,…
Construction Job Openings Surge to Record High
The labor market continues to tighten, especially for the construction industry.
The count of open construction jobs increased to 410,000 unfilled positions in October, the highest measure…
Builder Confidence Up on Strong Demand Even as Supply Side Challenges Persist
Low existing inventories and strong buyer demand helped push builder confidence higher for the third consecutive month even as supply-side challenges — including building material bottlenecks and…
2 Innovative Water Efficiency Strategies for Multifamily Properties
New or replacement toilets, aerators and showerheads are a great starting place for significant water savings; they are cost effective, and save water and utility costs. But as water costs…
New HBI Report Shows Labor Shortage Weakening Housing Supply, Affordability
A lack of skilled construction labor is a key limiting factor for improving housing inventory and affordability, according to the Home Builders Institute’s (HBI’s) Fall 2021 Construction Labor…
NAHB Shares Concerns About Vaccine Mandates with Rulemaking Officials
NAHB staff last week shared their concerns with government officials in two separate calls about an impending emergency temporary standard (ETS) from OSHA that would force companies with more than…
More Prospective Buyers are First-Timers
The share of prospective buyers who are purchasing a home for the first time increased for a fourth consecutive quarter, up to 65% in the third quarter of 2021, according to results from NAHB’s …
Strong Demand Boosts Builder Confidence Despite Supply Chain Disruptions
Strong consumer demand helped push builder confidence higher in October despite growing affordability challenges stemming from rising material prices and shortages. Builder sentiment in the market…
Affordability Headwinds Will Increase
While the housing market is showing signs of stabilizing after a period of cooling, housing affordability will decrease in the quarters ahead. Home prices are up more than 30%, on average…