Posts Tagged ‘ National Association of Home Builders (NAHB) ’

Will Higher Home Prices Slow the Pace for Doors and Windows?

Feb 14th, 2024

In the third quarter of 2023, rising mortgage rates, elevated construction costs and a limited inventory of homes pushed housing affordability to its lowest level in more than a decade. Meanwhile, new fourth-quarter statistics show little improvement. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released last week, just […]

Construction Rises but Can Builders Finish With so Few Hands?

Feb 1st, 2024

The labor market showed significant improvements over 2022-23. But for construction, that trend was destined to change, experts warned [DWM]. By mid-2023, the number of workers needed had reached the mid-300,000 range, after peaking at over 500,000. Those improvements were attributed mostly to a decrease in starts among single-family homes, said Robert Dietz, chief economist […]

As Remodeling Wanes Home Building Is Expected to Pick Up

Dec 13th, 2023

Experts say the housing recession that dogged new home production from the second quarter of 2020 through the end of 2022 is over. But the scars of higher home prices and mortgage rates have left millennials with a bad taste in their mouth. That’s according to a survey conducted by Redfin Corp., a Seattle-based residential […]

Jobs Report Shows Fewer Workers Needed, Except Construction

Dec 7th, 2023

The U.S. Bureau of Labor Statistics (BLS) released its latest job openings and labor turnover summary this week, showing that fewer employers are in need of workers. Job openings decreased by 617,000 to 8.7 million in October, marking the lowest point since March 2021. At the same time, the job openings rate decreased by 0.3 percentage point […]

Are Government Regulations Hindering the Market for New Homes?

Jul 24th, 2023

Officials from the National Association of Home Builders (NAHB) met with members of Congress to address how they see government regulations impacting housing production and affordability. NAHB chairperson Alicia Huey told members of the House Financial Services subcommittee that the growing number of regulations and mandates supporting environmental, social and governance (ESG) policies are leading […]

With Fewer Homes on the Market, Builders Show Uptick in Confidence

May 22nd, 2023

The outlook among homebuilders improved in May, as production for single-family projects saw its highest rate yet in 2023. Confidence in the market for newly built single-family homes rose by five points to 50, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The improvement marks a fifth straight month […]

Training America’s Workforce Act Introduced in the Senate

Apr 27th, 2023

Four U.S. senators reintroduced the Training America’s Workforce Act last week, a bill they say would make apprenticeships more responsive to industry workforce needs. For the door and window industries, that could mean more on-the-job training and classroom instruction to help take a bite out of workforce shortages. U.S. Sens. John Thune (R-S.D.), Tim Scott […]

This Earth Day, We Have Opportunities for Education, Growth and a Louder Voice in Green Building

Apr 3rd, 2023

As with many things these days, it’s hard to believe that once upon a time people agreed on things. In 1969, Sen. Gaylord Nelson, a junior senator from Wisconsin who was concerned about the state of the environment in the U.S., saw a massive oil spill in Santa Barbara, Calif. He recruited others to organize […]

President Fails to Tackle Housing in State of the Union Address

Feb 9th, 2023

President Joe Biden delivered his annual State of the Union address Tuesday, touting accomplishments ranging from economic recovery and record-low unemployment to a new bipartisan infrastructure law. “Two years ago, the economy was reeling,” the president told a joint session of Congress. “I stand here tonight, after we’ve created, with the help of many people […]

Builders Return from IBS to a Tepid Market

Feb 6th, 2023

February opened on a week of mixed feelings for attendees of the National Association of Home Builders’ (NAHB) International Builders Show (IBS). With more than 110,000 professionals cross pollenating between IBS and the Kitchen & Bath Industry Show, the scene was busy and jubilant—marking Design & Construction Week’s largest attendance ever. “I’ve been to more […]