News

Building Materials Prices Up More Than 19% Year over Year

According to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics, the prices of goods used in residential construction ex-energy (not seasonally adjusted)…

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Remodelers: Tell Us How Rising Costs Are Impacting Your Bottom Line

Remodelers’ bottom lines across the country are being squeezed by rising material and labor costs. NAHB’s Economics team is in the process of measuring the impact of increased costs on remodelers…

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Highest Paid Occupations in Construction in 2021

Half of payroll workers in construction earn more than $49,070, and the top 25% make at least $75,820, according to the latest May 2021 Bureau of Labor Statistics (BLS) Occupational Employment and…

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Resilient AMERICA Act Would Help Retrofit Homes, Provide States Flexibility on Building Codes

The U.S. House of Representatives yesterday approved NAHB-supported legislation that would strengthen the Federal Emergency Management Agency’s (FEMA) disaster preparedness programs and allow the…

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Americans Want Policymakers to Act on Housing Affordability

Americans overwhelmingly expressed their support of government initiatives to facilitate the production of more housing, with 82% agreeing in a recent survey that policymakers should factor in…

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Rising Interest Rates, Construction Costs Exacerbate Housing Affordability

An elevated pace of inflation will challenge the economy for at least the next few years, prompting tighter credit market conditions.

The broadest measure of inflation, the Consumer Price…

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Top 20 Markets for Remodeling in 2022

Experts are predicting home improvement spending in 2022 will reach a 17-year high. But certain markets will rise above the rest, with some expected to see 20% annual growth in spending, …

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Multifamily Production at a Two-Year High as Single-Family Starts Remain Firm

Despite production bottlenecks and rising construction costs, total housing starts, led by a strong multifamily reading posted a solid gain in February as demand stays strong and existing…

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New Single-Family Home Size Continues to Grow

As people continue to use their homes for more purposes during the pandemic, including work, more residential space is needed. Recent data confirm this impact on the market continues to occur.…

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