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Home Affordability Falls in the Second Quarter

Pro Builder

median income fell sharply from the first quarter to the second quarter of 2021. The National Association of Home Builders says building material costs, high demand, and low inventory have pushed home prices up by tens of thousands of dollars. The NAHB/Wells Fargo Housing Opportunity Index found 63.1% percent from the rate of 2.96

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Home Builders Applaud Congress on Extending Home Buyer Tax Credit

Green Home Design Architect

November 5, 2009 - The National Association of Home Builders (NAHB) today applauded Congress for passing legislation that will extend and expand the $8,000 first-time home buyer tax credit, stating that this will provide a much-needed boost to the fragile housing market and economy. “We billion in wage income and $6.9

NAHB 40
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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. Chuck Fowke, NAHB 2021 Chairman. Two Years Into Low Inventory and Rising Prices—and Still No End in Sight. Tue, 01/25/2022 - 20:14. 59% support incentives for local governments to ease zoning regulations that prevent construction of more affordable housing.

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Why Builders Wait to See Lower Lumber Prices

Pro Builder

NAHB Policy Brief | Lumber prices have moderated, but lower costs haven't worked their way to builders; New home prices too expensive for lower-income households. This phenomenon is largely a result of dealers’ inventory carrying costs and potentially significant differences between the price at which inventory is bought and sold.

NAHB 98
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Housing Outlook: Is This a Recession … or Not?

Pro Builder

“I think we can confidently say we're now in a housing recession,” says Robert Dietz, chief economist and SVP for Economics and Housing Policy for the National Association of Home Builders ( NAHB ). NAHB Chairman’s Message: Members Urge Action on Housing Crisis. Lessons Learned From Previous Housing Market Disruptions.

Housing 98
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Current Housing Price Growth 'Not Sustainable'

Pro Builder

While the housing market’s boom can be justified, there are a handful of trends resulting from low inventory and high demand that are not sustainable. As a result, home prices are rising in excess of income growth, says Robert Dietz, chief economist for the National Association of Home Builders. month supply.

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Attainable Housing Options: Rethinking the Starter Home

Pro Builder

RELATED Thomas Beadel on Splitting Lots, Doubling Inventory Design Trends in Multigenerational Housing NAHB Develops Land Use Resources for Home Builders and Buyers Density With Dignity One of the ways builders have been trying to create more attainable homes is to go smaller and denser.

Housing 91