News

Innovative Housing Showcase Returns to the National Mall

The Innovative Housing Showcase, presented by NAHB and the Dept. of Housing and Urban Development (HUD), will return to the National Mall on June 10-12, 2022, to highlight housing innovations and…

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Texas and Florida Issued the Most Single-Family Permits in 2021

Texas and Florida accounted for approximately 30% of all single-family permits issued in the United States in 2021, according to the U.S. Census Bureau. Of the 1.1 million single-family permits…

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Take Action: Sign Letter to Biden Urging Quick Action to Avoid Housing Downturn

NAHB is encouraging members to sign their names to a letter to the White House urging action to address the issues that threaten to derail the current housing and economic expansion. "An important…

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Annual Inflation Hits 40-Year High of 8.5% in March

Driven by higher food, gasoline and housing cost, consumer prices continued to accelerate in March, bringing the annual inflation rate up to 8.5% — a 40-year high. March was the sixth straight month…

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Residential Building Worker Wages on the Rise

Average hourly earnings for residential building workers continue to rise as the construction labor market remains tight. According to the Bureau of Labor Statistics (BLS), average hourly earnings…

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Lawmakers Echo NAHB Concerns on Rising Lumber Prices, Tariffs

During a House trade hearing on March 30, Rep. Kevin Hern (R-Okla.) echoed NAHB concerns that rising lumber prices are hurting housing affordability and the Biden administration needs to act swiftly…

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Biden's Budget Would Boost HUD Funding by $12.3 Billion

President Biden’s proposed fiscal 2023 budget, which runs from Oct. 1, 2022 through Sept. 30 2023, would increase the Department of Housing and Urban Development’s budget by $12.3 billion to $71.9…

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HUD Unveils Appraisal Action to Help Consumers

The U.S. Department of Housing and Urban Development (HUD) today sent an appraisal action plan to President Biden that is designed to make the appraisal industry more accountable and to help home…

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Building Material Prices Increase Slightly

The prices of goods used in residential construction, excluding energy, climbed 1.6% in February (not seasonally adjusted), according to the latest Producer Price Index (PPI) report released by the…

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War in Ukraine Adds to Inflation Concerns

The Russian invasion of Ukraine is generating economic impacts for U.S. markets. In the short run, heightened economic uncertainty has reduced long-term interest rates by about 20 basis points,…

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