National Association of Home Builders
Non-Profit Associations | Professional- Building & Contracting
Recent News About National Association of Home Builders
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Housing starts fell in March with interest rates somewhat higher than expected last month as the latest inflation readings failed to show improvement. Builders are also still facing higher supply-side costs and tighter lending conditions.Overall housing starts decreased 14.7% in March to a seasonally adjusted annual rate of 1.32 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The March reading of 1.32 million starts is the number of housing units builders would begin if development kept this pace...
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Builder sentiment remained unchanged in April as mortgage rates held steady at 7%, and the latest inflation data showed no signs of improvement in the first quarter of 2024. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today, builder confidence in the market for newly built single-family homes stayed at 51, the same as in March.NAHB Chairman Carl Harris, a custom home builder from Wichita, Kan., highlighted the importance of policy changes, stating, "With many frustrated buyers back on the fence waiting for...
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The National Association of Home Builders (NAHB) recently released the NAHB/Westlake Royal Remodeling Market Index (RMI) for the first quarter of 2024, showing a reading of 66, down one point from the previous quarter. According to the survey, remodelers continue to view market conditions positively, with an index number above 50 indicating a higher share view conditions as good than poor.NAHB Remodelers Chair Mike Pressgrove from Topeka, Kan, commented on the demand for remodeling, stating, "Demand for remodeling remains solid, especially among customers who don’t need...
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Carl Harris, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Wichita, Kan., praised the Department of Energy for its final rule on new energy efficiency standards for distribution transformers. Harris stated, "NAHB commends the Department of Energy for listening to the concerns of home builders who cited soaring costs and shortages of distribution transformers that are delaying housing projects across the nation and increasing construction costs."Harris also acknowledged that the final rule represents an improvement over the...
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The U.S. Department of Housing and Urban Development (HUD) recently announced changes to the income determination for Low-Income Housing Tax Credit (LIHTC) communities, sparking concerns among housing advocates and industry stakeholders. In response to the changes, a coalition of housing organizations issued a statement expressing their apprehensions.One of the concerns raised by the coalition is the potential impact of the methodology changes on individuals receiving federal rental assistance. According to the statement, the changes could lead to fewer tenants qualifying...
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As the housing industry gears up to celebrate New Homes Month in April, the focus is on the shifting preferences of homebuyers amidst ongoing affordability challenges.According to a report by the National Association of Home Builders (NAHB), there has been a noticeable trend towards smaller homes in response to the needs of prospective buyers. NAHB Chairman Carl Harris emphasized that "homeownership remains a goal for families who are eager to put down roots and have a place to call their own."The report revealed that a significant percentage of builders have been...