News
Challenges We Faced in 2021: Building Materials Prices
The rising cost of building materials was one of the primary focus areas for NAHB in 2021 as the home-building industry struggled with the far-reaching impacts of skyrocketing prices. The year began…25% of New Single-Family Homes are Infills or Teardowns
According to the latest Annual Builder Practices Survey (ABPS), one in four new single-family detached homes were built in established neighborhoods in 2020. Homes built on infill lots constituted 18…
House Moves to Raise Limits on State and Local Tax Deduction
In a key win for NAHB members who live in high-tax states, the House-passed Build Back Better Act includes long-awaited tax relief for taxpayers who are affected by the federal limit on state and…
Supply-Side Disruptions Push Single-Family Production Down in October
Single-family housing production lagged in October due to supply-chain effects for materials and ongoing access issues for labor and lots. Overall housing starts decreased 0.7% to a seasonally…
Fed Acts on Inflation as Housing Affordability Weakens
The combination of higher home prices, rising construction costs and moderately higher interest rates will exacerbate housing affordability conditions and increasingly push prospective buyers out of…
More Buyers Believe Housing Affordability is Worsening
Buyers’ perceptions of housing affordability have deteriorated for three straight quarters, indicating that double-digit home price hikes over the past year have more than offset the positive impact…
Cooling Trend for Housing Continues
Higher costs, longer construction times and elevated home prices have persistently frustrated buyers, renters and builders. However, recent reports saw an uptick in various housing data. The NAHB/…
Low Inventory Leads to Solid Gains
Fueled by strong demand, low existing inventory and buyers’ anticipation of future higher mortgage rates, new home sales posted a solid gain last month. Sales of newly built, single-family homes in…
Single-Family Starts Flat in September
Single-family housing production held steady in September as strong demand helped to offset ongoing building material supply chain disruptions. Meanwhile, declines in multifamily production helped to…