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NAHB Chairman's Letter: Americans Want Action on Housing Affordability

Pro Builder

NAHB Chairman's Letter: Americans Want Action on Housing Affordability. A recent survey conducted by polling firm Morning Consult on behalf of the National Association of Home Builders shows strong support for policies that would make housing affordable for more Americans. Chuck Fowke, NAHB 2021 Chairman.

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NAHB New Chair to Tackle Regulation and Promote Trades

Pro Builder

NAHB New Chair to Tackle Regulation and Promote Trades. Chuck Fowke named NAHB's new chair; a look at new single-family home inventory. NAHB Housing Policy Briefing. We strive to meet the housing needs of families across the economic spectrum,” Fowke says. New Single-Family Home Inventory.

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In an Effort to Boost Inventory, Builders Are Stalled by Rising Construction Costs

Pro Builder

In an Effort to Boost Inventory, Builders Are Stalled by Rising Construction Costs. The mid-pandemic housing boom is tapering off as inflation and elevated interest rates make homeownership increasingly unaffordable for a growing number of Americans, but despite softening demand, home prices are still on the rise. Affordability.

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Americans Hindered by Low Housing Affordability Want Action From Policymakers

Pro Builder

Americans Hindered by Low Housing Affordability Want Action From Policymakers. Over 75% of all Americans are impacted by a lack of affordable housing, and they're growing impatient with seemingly apathetic policymakers. The nation needs more housing and Americans want the federal government to support more new home production.

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Regulatory Costs Increased 44% in 10 Years

Pro Builder

Regulation costs are 11% higher today than five years ago, accounting for $93,870 of the final price of a new single-family home on average, according to the National Association of Home Builders. NAHB says regulatory costs are one of the biggest factors limiting housing construction. Regulatory Costs Increased 44% in 10 Years.

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Single-Family Builders Report Material Costs Are Up 26% on Average

Pro Builder

The National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index results found 28% of builders say prices have increased between 20% and 29.99%, though 37% reported material price increases above 30% during the past 12 months. On average, the 12-month increase in material costs for the same house was 26.1

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Here Are the Most—and Least—Affordable Markets for Middle-Class Buyers

Pro Builder

Middle-class Americans are being priced out of the housing market at an unprecedented pace . of middle-class locals could afford home purchases with the median home list price of $190,000, making the Michigan capital one of the most affordable housing markets in the U.S. Housing Markets. Housing Markets. Just 48.7%