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$52,540 is due
HOW BUILDERS ARE DEALING WITH RISING LUMBER PRICES As NAHB continues to work tirelessly to combat rising lumber prices and supply shortages by aggressively engaging with the Biden administration and members of Congress, builders who are on the frontlines are engaging in several strategies to mitigate this unprecedented price surge that is raising housing costs and impactingtheir bottom lines.
RECORD-HIGH PRICES ON ALL BUILDING MATERIALS THREATEN It’s not just lumber. The rapidly rising prices for other heavily relied upon building materials - like steel, concrete and gypsum products - are causing MOVE TO DOUBLE LUMBER TARIFFS SHOWS WHITE HOUSE DOES NOT Move to Double Lumber Tariffs Shows White House Does Not Care About Housing Affordability. NAHB Chairman Chuck Fowke issued the following statement following the U.S. Commerce Department’s desire to double lumber tariffs on Canadian lumber shipments into the U.S from 9% to 18.32%: “At a time when soaring lumber prices have added nearly LAWMAKERS URGE ACTION ON LUMBER; U.S. TRADE REP. TO “PUSH Members of Congress and the Biden administration are heeding the concerns of NAHB and its grassroots on the need to take action to resolve soaring lumber prices, supply shortages and tariffs that are hurting home builders, home buyers, the housing sector and theeconomy.
TWO UPCOMING WEBINARS EXPLORE ALTERNATIVES TO LUMBER IN This post was updated on May 26 with webinar replay information. With the price of lumber reaching all-time highs and no immediate relief in sight, NAHB Education has scheduled two free webinars that will explore alternatives to wood-framed homes so that members can better educate themselves about available options. SBA INCREASES LOAN LIMITS FOR COVID-19 EIDL PROGRAM The Small Business Administration (SBA) has announced a policy change to help businesses weather the financial hardship brought on by the COVID-19 pandemic by significantly increasing loan limits up to 24 months of economic injury with a maximum loan amount of $500,000. CONSTRUCTION COOLS AS COSTS CLIMB Housing production fell in April due to the increased costs of building materials that have priced out potential home buyers. Overall housing starts decreased 9.5% to a seasonally adjusted annual rate of 1.57 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. NEW HOME SALES SOFTEN IN APRIL WITH GROWING HOUSING Sites That Link to this Post. New home sales slide in April as prices continue to rise - South Florida Agent Magazine | May 25, 2021; New home sales slide in April as prices continue to rise - Seattle Agent Magazine | May 26, 2021; 5 at 5: Your Daily Digest for Real Estate Investing, 5/26/21 – Wealth Newsletter Daily | May 26, 2021; 5 at 5: Your Daily Digest for Real Estate Investing, 5/26 NEW ELECTRICAL CODE REQUIREMENT CAUSING BIG PROBLEMS IN New Electrical Code Requirement Causing Big Problems in the Field. The Texas Department of Licensing & Regulation (TDLR) held an emergency meeting this week to consider delaying the implementation of a section of the 2020 National Electrical Code (NEC) after numerous electric failures were reported in the state related to a new requirement. REGULATORY COSTS ADD A WHOPPING $93,870 TO NEW HOME PRICES Regulatory Costs Add a Whopping $93,870 to New Home Prices. Regulations imposed by all levels of government account for $93,870, or 23.8% of the current average sales price ($397,300) of a new single-family home, according to a new study by NAHB. Of the $93,870 figure, $41,330 is attributable to regulation during development, and$52,540 is due
HOW BUILDERS ARE DEALING WITH RISING LUMBER PRICES As NAHB continues to work tirelessly to combat rising lumber prices and supply shortages by aggressively engaging with the Biden administration and members of Congress, builders who are on the frontlines are engaging in several strategies to mitigate this unprecedented price surge that is raising housing costs and impactingtheir bottom lines.
MOVE TO DOUBLE LUMBER TARIFFS SHOWS WHITE HOUSE DOES NOT Move to Double Lumber Tariffs Shows White House Does Not Care About Housing Affordability. NAHB Chairman Chuck Fowke issued the following statement following the U.S. Commerce Department’s desire to double lumber tariffs on Canadian lumber shipments into the U.S from 9% to 18.32%: “At a time when soaring lumber prices have added nearly RECORD-HIGH PRICES ON ALL BUILDING MATERIALS THREATEN It’s not just lumber. The rapidly rising prices for other heavily relied upon building materials - like steel, concrete and gypsum products - are causing NEW INDIANA WETLANDS LAW ALLOWS BUILDERS TO BENEFIT FROM Indiana Gov. Eric Holcomb (R) signed a state wetlands bill into law last month, marking a big victory for the Indiana Builders Association (IBA) and members across the state. TWO UPCOMING WEBINARS EXPLORE ALTERNATIVES TO LUMBER IN This post was updated on May 26 with webinar replay information. With the price of lumber reaching all-time highs and no immediate relief in sight, NAHB Education has scheduled two free webinars that will explore alternatives to wood-framed homes so that members can better educate themselves about available options. CONSTRUCTION COOLS AS COSTS CLIMB Housing production fell in April due to the increased costs of building materials that have priced out potential home buyers. Overall housing starts decreased 9.5% to a seasonally adjusted annual rate of 1.57 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. LAWMAKERS URGE ACTION ON LUMBER; U.S. TRADE REP. TO “PUSH Members of Congress and the Biden administration are heeding the concerns of NAHB and its grassroots on the need to take action to resolve soaring lumber prices, supply shortages and tariffs that are hurting home builders, home buyers, the housing sector and theeconomy.
PRE-WIRING FOR ELECTRIC VEHICLE CHARGING: PREPPING YOUR A trending feature building professionals may want to consider including in their single-family detached homes is pre-wiring for electric vehicle (EV) charging. NAHB NOW | THE NEWS BLOG OF THE NATIONAL ASSOCIATION OF by NAHB Now. on May 25, 2021 • 7 Comments. Rising building materials costs and low inventory have caused new home sales prices to jump 20% on a year-over-year basis, harming housing affordability and driving down the pace of new home sales. Sales of newly built, single-family homes fell 5.9%, following a significant downward revision of the SBA INCREASES LOAN LIMITS FOR COVID-19 EIDL PROGRAM The Small Business Administration (SBA) has announced a policy change to help businesses weather the financial hardship brought on by the COVID-19 pandemic by significantly increasing loan limits up to 24 months of economic injury with a maximum loan amount of $500,000. RECORD NUMBER OF BUILDERS REPORT MATERIAL SHORTAGES Shortages of materials are now more widespread than at any at any time since NAHB began tracking the issue in the 1990s, with more than 90% of builders reporting shortages of appliances, framing lumber and OSB. LEARN PROPER PROJECT MANAGEMENT TO BUILD ON TIME AND ON BUDGET 8 hours ago · Proper project management keeps home builders on time and on budget by prioritizing organization and communication. Develop the skills you need for successful project management by learning in NAHB’s live online course, Project Management.By applying the concepts and strategies in this course, you will increase your professional value, thus adding value to your company and to the HOW LUMBER PRICES ARE HAMMERING HOUSING AFFORDABILITY FOR Skyrocketing lumber prices and supply-chain challenges continue to slow home construction, even amid higher demand.Both new home sales and existing home sales have cooled as prospective buyers are priced out of the market.. As appraisals struggle to reflect these ever-rising costs, home owners and builders continue to look for opportunities to minimize the impact these prices are JUDGE AFFIRMS NAHB MEMBERS EXEMPT FROM CDC EVICTION A federal judge has reaffirmed that members of NAHB are exempt from the nationwide eviction moratorium imposed by the Centers for Disease and Control Prevention (CDC), but ruled that the exemption only applied to the plaintiffs in the case (including NAHB STRATEGICALLY USING COLOR TO MAKE YOUR PROJECT POP 12 hours ago · An unexpected pop of color not only brings visual interest to a home but can also help achieve other design goals in strategic ways. Integrating a touch of turquoise, a spot of sienna, or a punch of pink into the color palette, for example, might help the project team lower the budget, play with proportion, create contrast, lighten up a dark space, or even harmonize with the home’s natural LEARN HOW TO NAVIGATE LUMBER, SUPPLY CHAIN CHALLENGES WITH NAHB is hosting a webinar series this month to help members and other industry professionals understand the current challenges with escalating lumber prices and supply chain issues, and learn how to develop strategies to adapt to this rising cost environment. NEW HOME SALES SOFTEN IN APRIL WITH GROWING HOUSING Sites That Link to this Post. New home sales slide in April as prices continue to rise - South Florida Agent Magazine | May 25, 2021; New home sales slide in April as prices continue to rise - Seattle Agent Magazine | May 26, 2021; 5 at 5: Your Daily Digest for Real Estate Investing, 5/26/21 – Wealth Newsletter Daily | May 26, 2021; 5 at 5: Your Daily Digest for Real Estate Investing, 5/26 PODCAST: LUMBER MEETING WITH COMMERCE SECRETARY AND WHAT’S 1 day ago · On the latest episode of NAHB’s Housing Developments podcast, Chief Lobbyist Jim Tobin and guest host Senior Vice President of Communications & Public Affairs Paul Lopez discuss a recent — and long-awaited — meeting between the NAHB Senior Officers and Commerce Secretary Gina Raimondo on the importance of finding a solution to thelumber crisis.
NAHB NOW | THE NEWS BLOG OF THE NATIONAL ASSOCIATION OF0 COMMENTSHUDCLEAN WATER ACTSTORMWATERWORKFORCE DEVELOPMENTAD&CWASHINGTON STATE HOME BUILDERS ASSOCIATIONNATIONAL ASSOCIATION OF HOME BUILDERS NAHBNATIONAL ASSOCIATION OF HOME BUILDERSNATIONAL ASSOCIATION OF HOME BUILDERS SEATTLENATIONAL ASSOCIATION OF HOME BUILDERS DCNATIONAL ASSOCIATION OF HOMEBUILDERS2020
by NAHB Now. on May 25, 2021 • 7 Comments. Rising building materials costs and low inventory have caused new home sales prices to jump 20% on a year-over-year basis, harming housing affordability and driving down the pace of new home sales. Sales of newly built, single-family homes fell 5.9%, following a significant downward revision of the REGULATORY COSTS ADD A WHOPPING $93,870 TO NEW HOME PRICES Regulatory Costs Add a Whopping $93,870 to New Home Prices. Regulations imposed by all levels of government account for $93,870, or 23.8% of the current average sales price ($397,300) of a new single-family home, according to a new study by NAHB. Of the $93,870 figure, $41,330 is attributable to regulation during development, and$52,540 is due
HOW BUILDERS ARE DEALING WITH RISING LUMBER PRICES As NAHB continues to work tirelessly to combat rising lumber prices and supply shortages by aggressively engaging with the Biden administration and members of Congress, builders who are on the frontlines are engaging in several strategies to mitigate this unprecedented price surge that is raising housing costs and impactingtheir bottom lines.
RECORD-HIGH PRICES ON ALL BUILDING MATERIALS THREATEN It’s not just lumber. The rapidly rising prices for other heavily relied upon building materials - like steel, concrete and gypsum products - are causing NEW ELECTRICAL CODE REQUIREMENT CAUSING BIG PROBLEMS IN New Electrical Code Requirement Causing Big Problems in the Field. The Texas Department of Licensing & Regulation (TDLR) held an emergency meeting this week to consider delaying the implementation of a section of the 2020 National Electrical Code (NEC) after numerous electric failures were reported in the state related to a new requirement. MOVE TO DOUBLE LUMBER TARIFFS SHOWS WHITE HOUSE DOES NOT Move to Double Lumber Tariffs Shows White House Does Not Care About Housing Affordability. NAHB Chairman Chuck Fowke issued the following statement following the U.S. Commerce Department’s desire to double lumber tariffs on Canadian lumber shipments into the U.S from 9% to 18.32%: “At a time when soaring lumber prices have added nearly NEW INDIANA WETLANDS LAW ALLOWS BUILDERS TO BENEFIT FROM Indiana Gov. Eric Holcomb (R) signed a state wetlands bill into law last month, marking a big victory for the Indiana Builders Association (IBA) and members across the state. NAHB UNDERCUTS LUMBER COALITION ARGUMENTS NAHB responded to a recent article by the U.S. Lumber Coalition appearing in Woodworking Network that attacked the association's stance on lumber prices and import duties. In a forceful rebuttal, NAHB sets the record straight. TWO UPCOMING WEBINARS EXPLORE ALTERNATIVES TO LUMBER IN This post was updated on May 26 with webinar replay information. With the price of lumber reaching all-time highs and no immediate relief in sight, NAHB Education has scheduled two free webinars that will explore alternatives to wood-framed homes so that members can better educate themselves about available options. PRE-WIRING FOR ELECTRIC VEHICLE CHARGING: PREPPING YOUR A trending feature building professionals may want to consider including in their single-family detached homes is pre-wiring for electric vehicle (EV) charging. NAHB NOW | THE NEWS BLOG OF THE NATIONAL ASSOCIATION OF0 COMMENTSHUDCLEAN WATER ACTSTORMWATERWORKFORCE DEVELOPMENTAD&CWASHINGTON STATE HOME BUILDERS ASSOCIATIONNATIONAL ASSOCIATION OF HOME BUILDERS NAHBNATIONAL ASSOCIATION OF HOME BUILDERSNATIONAL ASSOCIATION OF HOME BUILDERS SEATTLENATIONAL ASSOCIATION OF HOME BUILDERS DCNATIONAL ASSOCIATION OF HOMEBUILDERS2020
by NAHB Now. on May 25, 2021 • 7 Comments. Rising building materials costs and low inventory have caused new home sales prices to jump 20% on a year-over-year basis, harming housing affordability and driving down the pace of new home sales. Sales of newly built, single-family homes fell 5.9%, following a significant downward revision of the REGULATORY COSTS ADD A WHOPPING $93,870 TO NEW HOME PRICES Regulatory Costs Add a Whopping $93,870 to New Home Prices. Regulations imposed by all levels of government account for $93,870, or 23.8% of the current average sales price ($397,300) of a new single-family home, according to a new study by NAHB. Of the $93,870 figure, $41,330 is attributable to regulation during development, and$52,540 is due
HOW BUILDERS ARE DEALING WITH RISING LUMBER PRICES As NAHB continues to work tirelessly to combat rising lumber prices and supply shortages by aggressively engaging with the Biden administration and members of Congress, builders who are on the frontlines are engaging in several strategies to mitigate this unprecedented price surge that is raising housing costs and impactingtheir bottom lines.
RECORD-HIGH PRICES ON ALL BUILDING MATERIALS THREATEN It’s not just lumber. The rapidly rising prices for other heavily relied upon building materials - like steel, concrete and gypsum products - are causing NEW ELECTRICAL CODE REQUIREMENT CAUSING BIG PROBLEMS IN New Electrical Code Requirement Causing Big Problems in the Field. The Texas Department of Licensing & Regulation (TDLR) held an emergency meeting this week to consider delaying the implementation of a section of the 2020 National Electrical Code (NEC) after numerous electric failures were reported in the state related to a new requirement. MOVE TO DOUBLE LUMBER TARIFFS SHOWS WHITE HOUSE DOES NOT Move to Double Lumber Tariffs Shows White House Does Not Care About Housing Affordability. NAHB Chairman Chuck Fowke issued the following statement following the U.S. Commerce Department’s desire to double lumber tariffs on Canadian lumber shipments into the U.S from 9% to 18.32%: “At a time when soaring lumber prices have added nearly NEW INDIANA WETLANDS LAW ALLOWS BUILDERS TO BENEFIT FROM Indiana Gov. Eric Holcomb (R) signed a state wetlands bill into law last month, marking a big victory for the Indiana Builders Association (IBA) and members across the state. NAHB UNDERCUTS LUMBER COALITION ARGUMENTS NAHB responded to a recent article by the U.S. Lumber Coalition appearing in Woodworking Network that attacked the association's stance on lumber prices and import duties. In a forceful rebuttal, NAHB sets the record straight. TWO UPCOMING WEBINARS EXPLORE ALTERNATIVES TO LUMBER IN This post was updated on May 26 with webinar replay information. With the price of lumber reaching all-time highs and no immediate relief in sight, NAHB Education has scheduled two free webinars that will explore alternatives to wood-framed homes so that members can better educate themselves about available options. PRE-WIRING FOR ELECTRIC VEHICLE CHARGING: PREPPING YOUR A trending feature building professionals may want to consider including in their single-family detached homes is pre-wiring for electric vehicle (EV) charging. SBA INCREASES LOAN LIMITS FOR COVID-19 EIDL PROGRAM The Small Business Administration (SBA) has announced a policy change to help businesses weather the financial hardship brought on by the COVID-19 pandemic by significantly increasing loan limits up to 24 months of economic injury with a maximum loan amount of $500,000. HOW LUMBER PRICES ARE HAMMERING HOUSING AFFORDABILITY FOR 1 day ago · Skyrocketing lumber prices and supply-chain challenges continue to slow home construction, even amid higher demand.Both new home sales and existing home sales have cooled as prospective buyers are priced out of the market.. As appraisals struggle to reflect these ever-rising costs, home owners and builders continue to look for opportunities to minimize the impact these prices are having INNOVATIONS FOR THE POST-COVID KITCHEN Kitchen-Turned-Restaurant: With the pandemic craze of taking on artisanal cooking like baking, winemaking, and even the art of dinner party hosting, consumers are investing in pro-style appliances and specialized gadgets like pasta makers, sous vides and bread makers.The intensity of time spent at home in the past 15 months has encouraged home owners to seek appliances that better suit JUDGE AFFIRMS NAHB MEMBERS EXEMPT FROM CDC EVICTION A federal judge has reaffirmed that members of NAHB are exempt from the nationwide eviction moratorium imposed by the Centers for Disease and Control Prevention (CDC), but ruled that the exemption only applied to the plaintiffs in the case (including NAHB CONSTRUCTION COOLS AS COSTS CLIMB Housing production fell in April due to the increased costs of building materials that have priced out potential home buyers. Overall housing starts decreased 9.5% to a seasonally adjusted annual rate of 1.57 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. NAHB LEADERS CELEBRATE ALL-FEMALE BUILT HOME IN UTAH 2 hours ago · The Utah chapter of NAHB's Professional Women in Building (PWB) Council welcomed NAHB leadership to a special June 4 ceremony celebrating the all-female led "The House That SHE Built" during the Utah Valley HBA's annual Parade of Homes event. BUILDING COSTS SKYROCKET OVER THE PAST 12 MONTHS Building material costs have soared 26.1% on average over the past 12 months, according to a recent survey of single-family builders asking how much costs have increased for the same house over the last year. NEW HOME SALES SOFTEN IN APRIL WITH GROWING HOUSING Sites That Link to this Post. New home sales slide in April as prices continue to rise - South Florida Agent Magazine | May 25, 2021; New home sales slide in April as prices continue to rise - Seattle Agent Magazine | May 26, 2021; 5 at 5: Your Daily Digest for Real Estate Investing, 5/26/21 – Wealth Newsletter Daily | May 26, 2021; 5 at 5: Your Daily Digest for Real Estate Investing, 5/26 HOW TO HELP PROSPECTIVE BUYERS VISUALIZE ENERGY COST SAVINGS Providing prospective buyers with tangible information on anticipated utility cost savings can be a differentiator for your business and create a lasting impression as they look at other potential homes topurchase.
SPOTLIGHT TOP FEATURES CONSUMERS SEEK WITH NGBS GREEN+ This post has been updated. Builders and developers can now earn special recognition through Home Innovation Research Labs for NGBS Green Certified homes that “go above and beyond” in certain areas of green practice.. A home or building can earn one or more NGBS Green+ badges based on the specific features that are included and verified on site by a third-party professional.* NAHB
* Eye on Housing
* International Builders’ Show Navigate to ... NAHB Eye on Housing International Builders’ Show BUILDING COSTS SKYROCKET OVER THE PAST 12 MONTHS Filed in Advocacy , HousingAffordability
,
Material Costs
by NAHB Now on June 4, 2021 •0 Comments
Building material costs have soared 26.1% on average over the past 12 months, according to a recent survey of single-family builders asking how much costs have increased for the same house over the last year.Continue Reading »
JUDGE AFFIRMS NAHB MEMBERS EXEMPT FROM CDC EVICTION MORATORIUM; OTHERLANDLORDS ARE NOT
Filed in Disaster Response, Legal
, Multifamily
by NAHB Now
on June 4, 2021 • 0 Comments A federal judge has reaffirmed that members of NAHB are exempt from the nationwide eviction moratorium imposed by the Centers for Disease and Control Prevention (CDC), but ruled that the exemption only applied to the plaintiffs in the case (including NAHB members) and not to all landlords nationwide.Continue Reading »
JUNE LIVE ONLINE COURSES FOCUS ON BUSINESS MANAGEMENT FOR BUILDERS Filed in Business Management, Education
by NAHB Now
on June 4, 2021 • 0 Comments NAHB Education is offering several live online courses in June to help you learn the strategies and critical skills to grow your business.Continue Reading »
INNOVATIONS FOR THE POST-COVID KITCHEN Filed in Sponsored Contentby NAHB Now
on June 3, 2021 • 0 Comments From innovative designs in the laundry room to reimagining outdoor living spaces, consumers are demanding more from their homes than ever before. As builders and designers are creating new projects, it’s paramount that the kitchens of tomorrow are outfitted with products that are designed around the way people live.Continue Reading »
FHFA EXTENDS COVID-19 MULTIFAMILY FORBEARANCE THROUGH SEPT. 30, 2021 Filed in Disaster Response, Housing Finance
, Multifamily
by NAHB Now
on June 3, 2021 • 0 Comments The Federal Housing Finance Agency announced today that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through Sept. 30, 2021, subject to the continued tenant protections FHFA has imposed during the pandemic. The programs were set to expire June 30.Continue Reading »
HOW TO HELP PROSPECTIVE BUYERS VISUALIZE ENERGY COST SAVINGS Filed in Education , Sustainability and Green Buildingby NAHB
Now on June 3, 2021 • 0Comments
Providing prospective buyers with tangible information on anticipated utility cost savings can be a differentiator for your business and create a lasting impression as they look at other potential homes topurchase.
Continue Reading »
HOUSING INDUSTRY SHINES SPOTLIGHT ON HOMEOWNERSHIP MONTH IN JUNEFiled in Advocacy ,
Membership by NAHB Now on June 2, 2021 • 0 Comments Each year, the housing industry celebrates homeownership month in June as an opportunity to remind consumers about the importance of home in our lives. NAHB has a toolkit available for HBAs and members to help promote the value of homeownership.Continue Reading »
RECORD NUMBER OF BUILDERS REPORT MATERIAL SHORTAGES Filed in Economics ,Material Costs
, Trends
by NAHB Now
on June 2, 2021 • 2 Comments Shortages of materials are now more widespread than at any at any time since NAHB began tracking the issue in the 1990s, with more than 90% of builders reporting shortages of appliances, framing lumber and OSB.Continue Reading »
LEARN HOW TO NAVIGATE LUMBER, SUPPLY CHAIN CHALLENGES WITH NEW NAHBWEBINAR SERIES
Filed in Education ,Material Costs
, Membership
by NAHB Now
on June 2, 2021 • 0 Comments NAHB is hosting a webinar series this month to help members and other industry professionals understand the current challenges with escalating lumber prices and supply chain issues, and learn how to develop strategies to adapt to this rising cost environment.Continue Reading »
BIDEN ANNOUNCES ACTIONS TO ADDRESS RACIAL DISCRIMINATION IN HOUSINGMARKET
Filed in Advocacy , HousingAffordability
by NAHB
Now on June 2, 2021 • 0Comments
President Biden on June 1 announced new steps to narrow the racial wealth gap and address racial discrimination in the housing market at a Tulsa, Okla. event commemorating the 100th anniversary of the race massacre that destroyed “Black Wall Street” in the once thriving Black community of Greenwood.Continue Reading »
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