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Building Material Costs are Top Concern Despite Builder Confidence

Pro Builder

Building Material Costs are Top Concern Despite Builder Confidence. While low existing home inventory, mortgage rates, and a growing number of prospective buyers keep builder confidence up, building material costs threaten affordability and availability. NAHB says home prices will continue to rise through 2021.

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Record-High Lumber Prices Stifle Builders and Housing Affordability

Pro Builder

Record-high lumber prices are threatening to halt the residential construction sector, and in turn, hold back the economy. NAHB continues to request assistance from the White House in requesting domestic lumber producers to ramp up production and end tariffs for Canadian lumber shipments. Building Materials. Read More. .

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Regulatory Costs Increased 44% in 10 Years

Pro Builder

NAHB says regulatory costs are one of the biggest factors limiting housing construction. The estimate of $41,330 in regulatory costs incurred during development is based largely on the “Land Developer Survey on Regulatory Costs” conducted by NAHB in March of 2021. Read More. . Construction. Planning + Development. Economics.

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In the Face of Record-High Lumber Prices, Builders Remain Confident

Pro Builder

But record-high lumber prices continue to affect housing affordability and residential construction, with some builders even having to pause on projects during a time with record low inventory, NAHB Chairman Chuck Fowke told CNBC. . Building Materials. Read More. . Construction. Builders.

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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.

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Economic Outlook 2021

Pro Builder

Strong buyer demand despite higher home prices, shrinking inventory, a spike in lumber prices, and continuing supply chain issues are just some of the factors in play for the home building industry in 2021. Thanks to a surge in residential investment during 2020, housing’s share of GDP expanded and remains near historic levels.

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Construction Workforce Development Gets New Funding Boost

Pro Builder

Research by economists at the National Association of Home Builders ( NAHB ) indicates that the home building industry requires almost 2.2 Estate Gift NAHB’s National Housing Endowment (NHE), meanwhile, recently announced a $3 million gift from the estate of Herbert V. former Kohler Co. executive chairman.

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