At a Senate Finance Committee hearing last week regarding the role of tax incentives in affordable housing, the National Association of Home Builders (NAHB) told Congress that the housing affordability crisis is far-reaching and will require action on several fronts, not just the tax arena. “The housing affordability crisis is the result of failing to […]

More than 10,000 National Association of Homebuilders (NAHB) members from all 50 states, the District of Columbia and Puerto Rico sent a letter to President Biden on April 27, the organization reports, calling on the White House to take immediate action as the growing housing affordability crisis is pushing the housing market to an inflection […]

According to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department, total housing starts have gone up 0.9 percent in July to a rounded out seasonal rate of 1.17 million units. Single-family starts rose 0.9 percent making it 862,000 units, while multifamily rose 3 percent to 306,000. “Builder […]

A sharp decline in multifamily production brought overall nationwide housing starts down 9 percent in September, according to newly released data from the U.S. Housing and Urban Development and the Commerce Department. However, both single-family production and overall permit issuance posted solid gains, according to the report. “Single-family starts posted their highest level since February […]