Housing Production Drops 3.7 Percent But Remains Near Post-Recession High
NAHB - Home Builders

Housing Production Drops 3.7 Percent But Remains Near Post-Recession High

Total housing production fell 3.7 percent in April to a seasonally adjusted annual rate of 1.29 million units after an upwardly revised March reading of 1.34 million, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. The March report marked an …

Builder Confidence Climbs to 70 in May
NAHB - Home Builders

Builder Confidence Climbs to 70 in May

Builder confidence in the market for newly-built single-family homes rose two points to a level of 70 in May after a downwardly revised April reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This is the fourth time the HMI has reached 70 or higher this …

NAHB Now Accepting Applications for the 2019 Best of 55+ Housing Awards Competition
NAHB - Home Builders

NAHB Now Accepting Applications for the 2019 Best of 55+ Housing Awards Competition

The National Association of Home Builders (NAHB) 55+ Housing Industry Council is now accepting applications for the 2019 Best of 55+ Housing Awards. All builders, developers, architects, marketers and designers of 55+ housing are invited to enter this prestigious awards competition. The Best of 55+ Housing Awards honor the people, …

NAHB Now Accepting Applications for Multifamily Pillars of the Industry Awards Competition
NAHB - Home Builders

NAHB Now Accepting Applications for Multifamily Pillars of the Industry Awards Competition

The National Association of Home Builders (NAHB) opened its general call for entries for the Multifamily Pillars of the Industry Awards competition. Multifamily owners and developers, builders, property managers, architects, interior designers and multifamily industry professionals are invited to enter the competition. The awards highlight excellence in apartment and condominium …

Rising Incomes Boost Housing Affordability in First Quarter of 2018
NAHB - Home Builders

Rising Incomes Boost Housing Affordability in First Quarter of 2018

Strong wage growth more than offset an increase in mortgage interest rates to boost nationwide housing affordability in the first quarter of 2018, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released today. In all, 61.6 percent of new and existing homes sold between …

Builder Confidence in the 55+ Housing Market Remains Healthy in First Quarter
NAHB - Home Builders

Builder Confidence in the 55+ Housing Market Remains Healthy in First Quarter

Builder confidence in the single-family 55+ housing market dropped five points to 66 in the first quarter of 2018, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) released today. The decline came off of an all-time high reading of 71 from the fourth quarter …

New NAHB Publication Encourages Builders to Work with Brokers to Sell New Homes
NAHB - Home Builders

New NAHB Publication Encourages Builders to Work with Brokers to Sell New Homes

BuilderBooks, the publishing arm of the National Association of Home Builders (NAHB) recently released a new publication, Partnering with Brokers to Win More Sales by Quint Lears, MIRM. This new book gives practical suggestions to help companies create long-term, productive relationships and work effectively with their local real estate brokers …

Bathrooms Overtake Kitchens as Most Popular Remodeling Project, According to NAHB Survey
NAHB - Home Builders

Bathrooms Overtake Kitchens as Most Popular Remodeling Project, According to NAHB Survey

Bathrooms overtook kitchens as the most popular remodeling project, according to a new survey released by the National Association of Home Builders (NAHB). NAHB released the survey results, which highlight the most common remodeling projects, to kick off National Home Remodeling Month in May. “Small-scale renovations are slowly becoming just …

New Home Sales Rise 4 Percent in March
NAHB - Home Builders

New Home Sales Rise 4 Percent in March

Sales of newly built, single-family homes rose 4.0 percent in March to a seasonally adjusted annual rate of 694,000 units after an upwardly revised February report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This the second highest reading …

Two NAHB BuilderBooks Titles Win Independent Book Publishers Association Benjamin Franklin Silver Award
NAHB - Home Builders

Two NAHB BuilderBooks Titles Win Independent Book Publishers Association Benjamin Franklin Silver Award

Finding Hidden Profits: A Guide for Custom Builders, Remodelers and Architects by Dennis A. Dixon and Living Green Effortlessly: Simple Choices for a Better Home by Marla Esser Cloos have been named Silver Winners of the Independent Book Publishers Association (IBPA) Benjamin Franklin Awards. For 30 years, the IBPA Benjamin …

Remodeling Confidence Remains in Strong Territory Despite Three Point Slip
NAHB - Home Builders

Remodeling Confidence Remains in Strong Territory Despite Three Point Slip

The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 57 in the first quarter of 2018, down three points from the previous quarter and back to the same level as the third quarter of 2017. The RMI has been above 50—indicating that more remodelers …

Housing Starts Rise 1.9 Percent on Multifamily Surge
NAHB - Home Builders

Housing Starts Rise 1.9 Percent on Multifamily Surge

Gains in multifamily production pushed overall housing starts up 1.9 percent in March to a seasonally adjusted annual rate of 1.32 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Multifamily production rose 14.4 percent to a seasonally adjusted …

International Housing Association Focuses on Global Skilled Labor Shortage
NAHB - Home Builders

International Housing Association Focuses on Global Skilled Labor Shortage

The International Housing Association (IHA) is focusing on ways to secure the skilled work force necessary to address the needs of the residential construction industry around the world, IHA leaders announced during the association’s annual meeting April 11-13 in Washington, D.C. This effort will further the IHA’s priorities on housing …

Builder Confidence Slips One Point, Remains in Solid Territory
NAHB - Home Builders

Builder Confidence Slips One Point, Remains in Solid Territory

Builder confidence in the market for newly-built single-family homes edged down one point to a level of 69 in April on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) but remains on firm ground. “Strong demand for housing is keeping builders optimistic about future market conditions,” said …

NAHB Study Shows Steady Gains in Construction Employment, But Levels Remain Below Peak
NAHB - Home Builders

NAHB Study Shows Steady Gains in Construction Employment, But Levels Remain Below Peak

A new construction employment analysis from the National Association of Home Builders (NAHB) shows that 9.8 million people worked in construction in 2016, and more than 3.8 million of them worked in residential construction. These numbers reflect modest but steady job gains since 2011, when construction employment bottomed out. However, …

Millennials Leading the Growth of New Home Buyers
NAHB - Home Builders

Millennials Leading the Growth of New Home Buyers

As the housing industry celebrates New Homes Month in April, recent data from the Census Bureau confirms that millennials are increasingly entering the housing market as first-time buyers. The homeownership rate of millennials—now at 36 percent—registered the largest gains among all age groups in 2017. As the nation’s largest demographic …

February New Home Sales Flat After Upward Revisions to Prior Months
NAHB - Home Builders

February New Home Sales Flat After Upward Revisions to Prior Months

Sales of newly built, single-family homes remained virtually unchanged, inching down 0.6 percent in February to a seasonally adjusted annual rate of 618,000 units after upward revisions to the January, December and November reports, according to newly released data by the U.S. Department of Housing and Urban Development and the …

Budget Accord Misses the Mark on Affordable Housing
NAHB - Home Builders

Budget Accord Misses the Mark on Affordable Housing

Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., today issued the following statement on the Low Income Housing Tax Credit component of the $1.3 trillion spending bill agreed to by congressional leaders: “Bipartisan leaders in the Senate and House …

New NAHB Resource Shows Professionals How to Build a Successful Social Media Marketing Plan
NAHB - Home Builders

New NAHB Resource Shows Professionals How to Build a Successful Social Media Marketing Plan

Social media has become increasingly important to businesses as a marketing and sales tool, however with the plethora of social media sites now available businesses may have a hard time keeping up or even knowing where to start. In Social Media Marketing for Your Business, the latest title released by …

Multifamily Drop Pushes Total Housing Starts Down as Single-Family Makes Gains
NAHB - Home Builders

Multifamily Drop Pushes Total Housing Starts Down as Single-Family Makes Gains

A decline in multifamily starts pushed overall housing production down 7.0 percent in February to a seasonally adjusted annual rate of 1.24 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Multifamily production fell 26.1 percent to a seasonally …

Builder Confidence Remains on Solid Footing in March
NAHB - Home Builders

Builder Confidence Remains on Solid Footing in March

Builder confidence in the market for newly-built single-family homes edged down one point to a level of 70 in March from a downwardly revised February reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) but remains in strong territory. “Builders’ optimism continues to be fueled by …

Regulatory Horror Story Highlights Need to Reform Permitting Process
NAHB - Home Builders

Regulatory Horror Story Highlights Need to Reform Permitting Process

Illustrating how the federal regulatory system has run amok and the need for Congress to pass legislation to fix a broken permitting process, a development firm today shared its three-decade nightmare with a House panel regarding its futile attempts to obtain a Clean Water Act permit. During a hearing before …

Builders Tell Congress: Progress on Regulatory Reform, but the Job is not Done
NAHB - Home Builders

Builders Tell Congress: Progress on Regulatory Reform, but the Job is not Done

The National Association of Home Builders (NAHB) today lauded efforts by the Trump administration and Congress to roll back onerous regulations that hurt home building firms and other small businesses but cautioned that much more needs to be done to further reduce regulatory burdens. Testifying before the House Small Business …

Statement from NAHB Chairman Randy Noel on Senate Banking Bill
NAHB - Home Builders

Statement from NAHB Chairman Randy Noel on Senate Banking Bill

Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., today issued the following statement on the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155), banking reform legislation now pending in the Senate: “NAHB commends the Senate for working …

Statement from NAHB Chairman Randy Noel on New Steel and Aluminum Tariffs
NAHB - Home Builders

Statement from NAHB Chairman Randy Noel on New Steel and Aluminum Tariffs

Randy Noel, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from LaPlace, La., today issued the following statement regarding President Trump’s announcement to impose tariffs on steel and aluminum imports: “It is unfortunate that President Trump has decided to impose tariffs of 25 …

Home Builders Seek Better Cooperation with OSHA to Improve Worker Safety
NAHB - Home Builders

Home Builders Seek Better Cooperation with OSHA to Improve Worker Safety

The National Association of Home Builders (NAHB) today called on the Occupational Safety and Health Administration (OSHA) to expand its small business compliance assistance to help home builders and other small business owners to improve the safety of their operations. Testifying on behalf of NAHB at a House subcommittee hearing …

New Home Sales Drop 7.8 Percent in January
NAHB - Home Builders

New Home Sales Drop 7.8 Percent in January

Sales of newly built, single-family homes fell 7.8 percent in January to a seasonally adjusted annual rate of 593,000 units after an upwardly revised December reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. “New home sales have taken …

Apartment and Condominium Market Ends Fourth Quarter on a Positive Note
NAHB - Home Builders

Apartment and Condominium Market Ends Fourth Quarter on a Positive Note

The Multifamily Production Index (MPI), released today by the National Association of Home Builders (NAHB), posted a gain of seven points to 53 in the fourth quarter of 2017. The MPI measures builder and developer sentiment about current conditions in the apartment and condominium market on a scale of 0 …

Statement from NAHB Chairman Randy Noel on IRS Announcement Clarifying Tax Deduction for HELOCs
NAHB - Home Builders

Statement from NAHB Chairman Randy Noel on IRS Announcement Clarifying Tax Deduction for HELOCs

Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., issued the following statement regarding today’s IRS announcement clarifying tax deductions taken on home equity loans or home equity lines of credit : The National Association of Home Builders applauds today’s …

Housing Production Makes Healthy Gains to Start New Year
NAHB - Home Builders

Housing Production Makes Healthy Gains to Start New Year

A surge in multifamily production pushed overall housing starts up 9.7 percent in January to a seasonally adjusted annual rate of 1.33 million units after an upwardly revised December reading, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Multifamily starts …

Builder Confidence Stays at Strong Level in February
NAHB - Home Builders

Builder Confidence Stays at Strong Level in February

Builder confidence in the market for newly-built single-family homes remained unchanged at a healthy 72 level in February on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). “Builders are excited about the pro-business political climate that will strengthen the housing market and support overall economic growth,” said …

NAHB Commends Trump Infrastructure Plan
NAHB - Home Builders

NAHB Commends Trump Infrastructure Plan

The National Association of Home Builders (NAHB) today commended President Trump’s $1.5 trillion infrastructure plan to rebuild and revitalize the nation’s aging transportation network. “This package includes a number of provisions that are designed to spur economic and job growth that will also boost the housing sector,” said NAHB Chairman …

Statement from NAHB Chair Randy Noel on Nationwide Injunction for WOTUS Rule
NAHB - Home Builders

Statement from NAHB Chair Randy Noel on Nationwide Injunction for WOTUS Rule

Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., issued the following statement regarding the Feb. 7 motion by NAHB and its coalition partners including farmers, miners and foresters to ask the U.S. District Court in Texas to issue a …

Housing Affordability Remains Flat in 2017
NAHB - Home Builders

Housing Affordability Remains Flat in 2017

Data for all four quarters of 2017 show housing affordability remaining essentially flat throughout the year, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released today. In all, 59.6 percent of new and existing homes sold between the beginning of October and end of …

Housing Market Makes Modest Gains Even as Permits Slip
NAHB - Home Builders

Housing Market Makes Modest Gains Even as Permits Slip

Overall housing and economic activity in metro markets across the nation remained on a gradual, upward trend in the fourth quarter of 2017 even as permit activity remained a stubbornly lagging indicator, according to the National Association of Home Builders/First American Leading Markets Index (LMI) released today. “While the home …

55+ Housing Market Ends Fourth Quarter on Record High
NAHB - Home Builders

55+ Housing Market Ends Fourth Quarter on Record High

Builder confidence in the single-family 55+ housing market remained strong in the fourth quarter of 2017 with a reading of 71, up 12 points from the previous quarter, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI) released today. This is the highest reading since …

Statement from NAHB Chairman Randy Noel on President Trump's State of the Union Address
NAHB - Home Builders

Statement from NAHB Chairman Randy Noel on President Trump’s State of the Union Address

Randy Noel, chairman of the National Association of Home Builders and a custom home builder from LaPlace, La., issued the following statement regarding President Trump’s State of the Union address: “President Trump said ‘America is a nation of builders’ and the nation’s home builders wholeheartedly agree. The president knows that …

2-Year Delay of WOTUS Rule a Much-Needed Step, NAHB Says
NAHB - Home Builders

2-Year Delay of WOTUS Rule a Much-Needed Step, NAHB Says

The National Association of Home Builders (NAHB) applauds today’s announcement by the Environmental Protection Agency mandating a two-year delay of the Obama-era “waters of the United States” (WOTUS) Rule. “This delay gives the agency more time to work with the U.S. Army Corps of Engineers and replace the rule with …

Dean Schwanke Named NAHB Vice President for Multifamily Housing
NAHB - Home Builders

Dean Schwanke Named NAHB Vice President for Multifamily Housing

The National Association of Home Builders (NAHB) today announced the appointment of Dean Schwanke to the position of Vice President, Multifamily Housing. Schwanke will bring his broad research, economic analysis, communications, program planning and management experience to the department, which serves NAHB member developers, builders and finance partners building condominiums …

New Home Sales Rise 8.3 Percent Overall in 2017
NAHB - Home Builders

New Home Sales Rise 8.3 Percent Overall in 2017

Sales of newly built, single-family homes fell 9.3 percent in December to a seasonally adjusted annual rate of 625,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Despite this monthly decline, new home sales rose 8.3 percent overall …