On Thursday, June 27, 2023, the Biden-Harris Administration and the Department of Housing and Urban Development (HUD) announced new commitments to advance affordable housing supply and tenant protections, focused on the Administration’s goal of lowering housing costs. HUD says it is taking two actions to increase the supply of affordable housing: making available $85 million […]

Last week, the Biden-Harris Administration provided a progress update regarding the implementation of its Housing Supply Action Plan, which in May outlined a set of administrative and legislative priorities aimed at closing the housing supply shortfall in five years. A White House press release reports that President Biden believes that policies to boost the supply […]

COVID-19 pandemic-related surging job losses in March contributed to a decline in U.S. median income and housing affordability in the first quarter of 2020, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released yesterday. The NAHB reports that in all, 61.3 percent of homes—both new and existing—sold between January […]

Total housing starts dipped slightly by 0.9% in June with single-family gains offsetting a drop in multi-family production according to a report from the U.S. Housing and Urban Development and Commerce Department. The adjusted seasonal annual rate of 1.25 million units is the projected total of starts builders would begin if they kept the same […]

The National Lumber and Building Material Dealers Association (NLBMDA) views President Trump’s Executive Order to create the “White House Council on Eliminating Regulatory Barriers to Affordable Housing” as a positive for the industry. The Council, which will be headed by the Department of Housing and Urban Development (HUD) Secretary Ben Carson, has been tasked with […]