National Association of Home Builders
Non-Profit Associations | Professional- Building & Contracting
Recent News About National Association of Home Builders
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Construction shifts towards low-density suburbs amid affordability challenges
More residential construction is taking place in low-density suburbs and outlying areas due to factors affecting housing affordability, such as a lack of buildable lots, higher home building costs, and a shortage of construction workers.
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October sees decline in US new home sales amid rising mortgage rates
Steadily rising mortgage rates and affordability challenges have contributed to a decline in new home sales for October, as many potential buyers remain hesitant.
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Scott Turner nominated as new HUD Secretary by President-elect Trump
Carl Harris, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Wichita, Kansas, has expressed his support for Scott Turner's selection as the new secretary of the Department of Housing and Urban Development.
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Housing costs demand significant portion of U.S. family incomes
In the third quarter of 2024, the National Association of Home Builders (NAHB) and Wells Fargo released data indicating that a family earning the median income in the United States would need to allocate 38% of their earnings to afford a mortgage...
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National Association of Home Builders announces increase in single-family home sales in July
The National Association of Home Builders (NAHB) announced that sales of new single-family homes increased by 10.6% in July, reaching a seasonally adjusted annual rate of 739,000. This rise follows substantial upward revisions to the sales data for June.
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Unexpected rise seen in US new home sales during July
Sales of new homes rose unexpectedly in July, following significant revisions in the previous months’ data.
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Median-priced existing homes less affordable than new homes in Q2
As a result of limited resale inventory and measures by home builders to increase housing affordability, the median price of an existing home in the United States during the second quarter of 2024 was higher than that of a new home. Consequently, a family needed to spend more of their income to buy a typical existing home than a typical newly built home.
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NAHB supports Vice President Harris's focus on boosting U.S. housing production
Carl Harris, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Wichita, Kan., issued a statement regarding Vice President Kamala Harris’s housing plan announced today during a campaign event in Raleigh, N.C.
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Builder confidence declines amid affordability concerns
A lack of affordability and buyer hesitation stemming from elevated interest rates and high home prices contributed to a decline in builder sentiment in August.
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Multifamily developer confidence falls amid high interest rates
Confidence in the market for new multifamily housing declined year-over-year in the second quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 44, down 12 points year-over-year, while the Multifamily Occupancy Index (MOI) had a reading of 81, down eight points year-over-year.
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New home sales remain stagnant amid high mortgage rates
Elevated mortgage rates continue to keep buyers on hold, as new home sales remained relatively flat in June.
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Remodeling market sentiment holds steady despite slight decline in second quarter
The National Association of Home Builders (NAHB) has released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter, posting a reading of 65, down one point from the previous quarter.
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Builder confidence dips amid high mortgage rates
Mortgage rates that averaged 6.92% in June, according to Freddie Mac, along with elevated rates for construction and development loans, continue to impact builder sentiment.
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NAHB chairman criticizes Biden's proposed rent cap
Carl Harris, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Wichita, Kan., issued a statement today following President Biden's proposal to cap rents at 5% per year for landlords owning more than 50 units.
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NAHB releases new edition to aid builders with warranty complexities
The subject of builder and remodeler warranties is one of the most important issues affecting the building industry today. Customers have come to expect them, and builders and remodelers provide them to demonstrate their confidence in their work. BuilderBooks, the publishing arm of the National Association of Home Builders (NAHB), recently released the third edition of "Warranties for Builders and Remodelers," which will help industry professionals navigate the complex landscape of warranties.
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NAHB urges congressional action on nation's escalating housing affordability crisis
The National Association of Home Builders (NAHB) called on Congress today to support policies that will allow home builders to construct more homes and apartments to help ease the nation’s housing affordability crisis and provide better, more affordable housing opportunities for all American households.
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NAHB opens applications for annual awards program
The National Association of Home Builders (NAHB) has announced that its awards program is now open. The NAHB Awards Program highlights the best and brightest in the residential construction industry across various categories.
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Supreme Court limits regulatory powers with Chevron deference reversal
Carl Harris, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Wichita, Kansas, issued a statement following the U.S. Supreme Court's ruling in the case of Loper Bright Enterprises v. Raimondo. The decision limits federal regulators' ability to interpret federal laws.
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Housing affordability largely ignored in recent presidential debate
Carl Harris, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Wichita, Kansas, issued a statement following the presidential debate between President Joe Biden and former President Donald Trump. Harris expressed concern over the lack of discussion on housing affordability during the debate.
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High mortgage rates impact new home sales
Mortgage rates that averaged 7.06% in May, according to Freddie Mac, the highest monthly average since last November, impacted new home sales last month.