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Record-High Lumber Prices Add $24K to the Price of a New Home

Record-High Lumber Prices Add $24K to the Price of a New Home

by NWAHBA | Feb 22, 2021 | Trends

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...
Rising Lumber Prices and Lack of Supply Threaten Consumers’ Housing Options

Rising Lumber Prices and Lack of Supply Threaten Consumers’ Housing Options

by NWAHBA | Feb 18, 2021 | Trends

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...
Builder Confidence: High Demand Offsets Higher Costs – For Now

Builder Confidence: High Demand Offsets Higher Costs – For Now

by NWAHBA | Feb 18, 2021 | Trends

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...
Biden Signs Memorandum to Advance Fair Housing

Biden Signs Memorandum to Advance Fair Housing

by NWAHBA | Feb 11, 2021 | Regulations

President Biden today signed a presidential memorandum that directs HUD to examine the effects of the previous administration’s regulatory actions that may have...
CDC Extends Eviction Moratorium Through March 31

CDC Extends Eviction Moratorium Through March 31

by NWAHBA | Feb 10, 2021 | Regulations

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...
2021 February Newsletter

2021 February Newsletter

by NWAHBA | Feb 2, 2021 | Newsletters

New Home Sales Hold Steady in December

New Home Sales Hold Steady in December

by NWAHBA | Jan 28, 2021 | Trends

Higher home prices stemming from rising lumber and other building material costs, as well as a lack of inventory due to a shortage of buildable lots, offset solid demand for new...
Builder Confidence Down on Rising Material Prices, Upsurge in COVID-19 Cases

Builder Confidence Down on Rising Material Prices, Upsurge in COVID-19 Cases

by NWAHBA | Jan 27, 2021 | Trends

Rising material costs led by a huge upsurge in lumber prices, along with a resurgence of the coronavirus across much of the nation, pushed builder confidence in the market for...
Housing Starts End 2020 Strong; Risks Ahead

Housing Starts End 2020 Strong; Risks Ahead

by NWAHBA | Jan 26, 2021 | Trends

While housing starts ended the year on a strong note, rising lumber prices and increasing regulatory cost concerns could affect future production. Led by a solid, double-digit...
Small Business Administration and Treasury Release Updated Loan Forgiveness Guidance

Small Business Administration and Treasury Release Updated Loan Forgiveness Guidance

by NWAHBA | Jan 26, 2021 | Education & Safety, Regulations

The Small Business Administration (SBA) and U.S. Treasury Department last night released loan forgiveness guidance and forms incorporating changes made by the recently enacted...
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