February Home Sales Down on Rising Material Costs, Interest Rates
By NAHBNOW News Higher interest rates, supply shortages and rising material prices, particularly for lumber, put a damper on new home sales in February. Sales of newly built, single-family homes in February fell 18.2% to a 775,000 seasonally adjusted annual rate,...
Critical Home Repairs Delayed Because of Sky-High Lumber Prices
By NAHBNOW News As lumber prices remain sky high, home-building activities continue to suffer across all aspects of the industry — including remodeling projects. Home owners have had an opportunity while sheltering in place to examine their homes and identify key...
Recent Rise in Interest Rates Has Priced Out More Than 1.3 Million Households
By NAHBNOW News The recent rise in mortgage interest rates during the past two months has priced more than 1.3 million households out of the market for a median priced home, according to analysis by NAHB. A new NAHB study has determined that 1.3 million households...
Adding Value to Post-2020 Housing Construction – One Member’s Take
By Owen P. Meyer, AIA, NCARB - Froogel Architects, PLLC As the remarkable year of ‘2020’ came and went, homeowners across the U.S. developed a deeper relationship with their homes, thus getting a better understanding of their dwelling’s strengths and weaknesses. Were...
NAHB Spearheads Coalition Effort on Lumber
By NAHBNOW News In an effort led by NAHB, more than 35 organizations today sent a letter to Commerce Secretary Gina Raimondo urging the secretary to turn her “immediate attention to an issue threatening the economic recovery and housing affordability: the price of...
