2021 March Newsletter
Record-High Lumber Prices Add $24K to the Price of a New Home
Lumber prices have skyrocketed more than 180% since last spring, and this price spike has caused the price of an average new single-family home to increase by $24,386 since April 17, 2020, according to NAHB standard estimates of lumber used to build the average home....
Rising Lumber Prices and Lack of Supply Threaten Consumers’ Housing Options
Housing affordability has been a critical issue across the country for years, as factors such as a shortage of lots and labor have led to a limited supply. As lumber prices once again approach all-time highs amid a supply shortage, this crisis only gets...
Builder Confidence: High Demand Offsets Higher Costs – For Now
Strong buyer demand helped offset supply chain challenges and a surge in lumber prices as builder confidence in the market for newly built single-family homes inched up one point to 84 in February, according to the latest NAHB/Wells Fargo Housing Market Index (HMI)...
Biden Signs Memorandum to Advance Fair Housing
President Biden today signed a presidential memorandum that directs HUD to examine the effects of the previous administration’s regulatory actions that may have undermined fair housing policies and laws. It directs HUD to take steps necessary based on...
CDC Extends Eviction Moratorium Through March 31
The Centers for Disease Control and Prevention has announced it is extending the current order temporarily halting residential evictions until at least March 31, 2021. In a press release announcing the action, CDC Director Rochelle Walensky said: “As a protective...
