News
Housing Affordability Falls to Lowest Level Since Great Recession
Rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in the second quarter…
Canadian Lumber Tariffs Cut by More than Half
NAHB’s tireless efforts calling on the Biden administration to eliminate — or at the very least reduce — duties on Canadian lumber shipments into the United States has taken a step in the right…
Single-Family Starts Fall to Two-Year Low on Higher Construction Costs and Interest Rates
Increased interest rates, building material supply chain bottlenecks and elevated construction costs continue to put a damper on the single-family housing market. For the first time since June 2020,…
House Hearings on Housing Miss the Mark
The House Financial Services Committee held two hearings this week focusing on different aspects of the housing affordability crisis that largely failed to address the central problem: The lack of…
House Panel Seeks Additional $9 Billion for HUD
The House Appropriations Subcommittee approved an additional $9 billion in spending for the U.S. Department of Housing and Urban Development as part of its fiscal 2023 spending bill that covers…
Labor Department Seeking Public Input on Independent Contractor Status Rulemaking
The U.S. Department of Labor (DOL) recently announced plans to engage in a rulemaking related to determining the status of a worker as either an employee or independent contractor under the Fair…
Building Product Use and Purchasing Behaviors in a Post-Pandemic Market
Supply chain issues and pricing challenges are increasingly driving builders, remodelers and home owners to seek out and use alternative products. Many are trying new products simply out of necessity…
Record Number of Construction Job Openings
The count of open construction jobs jumped to a record-high 449,000 unfilled positions in April, according to the Job Openings and Labor Turnover Survey data from the Bureau of Labor Statistics. This…
How Single-Family Home Sizes Have Shifted
According to first quarter 2022 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family square floor area inched down to 2,310 square feet…