State & National Updates Archives for 2017-05
NAHB leads the charge to rescind this mandate.
Rules & Regulations
Comments were submitted to EPA in response to presidential directive.
NAHB to weigh in on which rules should be repealed, replaced or modified.
Versions of these measures have already passed the House.
A further sign that the housing market is getting stronger.
However, a multifamily pullback brings overall production down.
This is your chance to make a difference.
Find out what these buyers really want.
These two categories continue to stand out.
Wage growth helps offset the effects of rising mortgage rates.
Codes & Safety
NAHB efforts help protect your bottom line.
May 25 webinar will help your business prepare for new requirements.
Builders take a stand for worker safety.
Rules & Regulations
NAHB event focuses on how to achieve meaningful regulatory reform.
Measure would also help home builders by limiting unreasonable regulations.
NAHB testifies as agency reevaluates its regulations.
Three-part online course will help you steer your business in the right direction.
A first step in returning affordability to the health care system.
NAHB Chief Economist Robert Dietz provides a housing overview.
The index marks 12 consecutive quarters in positive territory.
Tight Inventory and Rising Costs
A strong month for home sales in March reinforced the trend of positive housing demand. Sales of new single-family homes grew 15.6% from a year prior, and 5.8% above the previous month's mark—a noteworthy gain, considering February's sales benefitted from the unseasonably warm weather.
March was also an encouraging month for the existing homes market, which saw sales rise 4.4% to its highest pace in 10 years. Inventory of existing homes for sale remains very tight, standing at only a 3.8 months' supply. This is a primary reason why the increases of home prices continue to outpace growth in household incomes.
However, supply-side costs remain on the rise as builders continue reporting scarce availability of labor and lots. And the announcement of an effective 20% tariff on Canadian softwood lumber could have a significant, negative impact on construction jobs and wages. One-third of the softwood lumber consumed in the U.S. is imported, about 95% of which comes from Canada.
NAHB Chief Economist Robert Dietz
The surge led to the fastest pace in 10 years.
The number of signed contracts in March still exceeded the level from a year ago.
All 20 metro areas had positive home appreciation.
Thousands of U.S. jobs and hundreds of millions in wages will be lost.
Both multifamily and home improvements experienced big gains in March.
Most know what they want, but very few say it's a job in construction.
The current share of FHA-backed loans is twice the size of its pre-recession average.
The decline comes after four consecutive months of increases.
NAHB study explores the trends of USDA home loans over the past decade.
A second-quarter rebound is a strong possibility.
Levels increased slightly in every age group.
A less-favorable outlook comes after a record-setting month for optimism.
Sentiments about market conditions are the most positive since 2015.