Home builders

New home builders grapple with supply chain issues

HUNTSVILLE, Ala. (WHNT) – Whether you’re considering building a new home or just doing some renovations if wood and new windows are involved, some experts say you’ll need to be patient. Supply chain issues force most new home builders to wait months for even the most basic parts to complete the job. Covenant Christian Wins […]

Home builders

Homebuilders grapple with supply chain issues

Homebuilders are struggling to get basic materials like wood and steel, slowing projects and driving up costs, just one example of the supply chain issues that are troubling the U.S. economy and propelling inflation to levels not seen in 40 years. What do you want to know Supply chain issues are disrupting the home improvement […]

Home builders

Investors unsure of homebuilder foundations

This should be a great year for homebuilders in the United States. Convincing investors of this could take time. Homebuilding ended 2021 on a high note; the Commerce Department announced on Wednesday that construction was started on 1.7 million seasonally adjusted households, on an annual basis, in December, compared to 1.68 million in November. In […]

Home builders

Pandemic creates challenge for Colorado homebuilders despite strong demand

MONUMENT, Colo. (KRDO) — The coronavirus pandemic has upended the homebuilding industry, with everything from supply and personnel shortages to lumber prices affecting the process. Demand for homes in Colorado has also skyrocketed over the past two years. Data from the Pikes Peak Association of Realtors shows that from December 2020 to December 2021, the […]

Home builders

US homebuilders less optimistic due to high inflation and supply issues

Numbers: High inflation and continued shortages of essential supplies dampened optimism among homebuilders in the United States at the start of the new year. The National Association of Home Builders confidence index slipped 1 point to 83. Key details: A measure of the traffic of homes for sale fell a few points in January, as […]

Home builders

Despite rising costs and labor shortages, homebuilders remain optimistic

Later this morning we will get data on how many house construction projects were started in november. We know that some building materials are in short supply and builders are struggling to find workers. That said, a new clue from the National Association of Home Builders and Wells Fargo found that builder confidence rose in […]

Home builders

Home Builders Foundation: $ 75,000 donation to Our Lady of the Lake Children’s Hospital

BATON ROUGE, La (BRPROUD) – The Association of Home Builders of Grand Baton RougeMembers of (HBAGBR) provided monetary resources and materials for the inaugural Home Builders Foundation (HBF), which helps raise funds for children and families in need on Thursday, December 9. The HBF Foundation homes are sold at market value, its total donation reaching […]

Home builders

Biden administration seeks to double lumber tariffs charged to US homebuilders

E-mail Sign up for our free weekly newsletter It’s a blow to U.S. homebuyers and homebuilders, says NAHB National Association of Home Builders President Chuck Fowke issued the following statement after US Commerce advanced an administrative review last week to double tariffs on Canadian lumber shipments to the United States, from 9% to 17.9%: “As […]

Home builders

Homebuilders Growing Confidence as Americans Call for More Housing

The Numbers: Homebuilder Sentiment Improves Homebuilders have grown more confident this month as housing demand has remained strong, despite continued pressures from supply chain backlogs and labor shortages. The National Association of Home Builders’ monthly confidence index rose three points to 83 in November, the professional group said on Tuesday. This is the index’s highest […]

Home builders

Lack of developable land is one of the biggest constraints for home builders

Potential buyers will be severely constrained by soaring house prices, rising interest rates and a noticeable shortage of developable land, said Mike Moser of Starwood Land Advisors in a report. recent discussion with John Burns Real Estate Consulting. Moser told JBREC’s Dean Wehrli that new home sales would likely fall below 800,000 this year and […]

Home builders

Isakson honored by the National Association of Home Builders

Nov. 3 – WASHINGTON – The National Association of Home Builders (NAHB) inducted longtime former Senator Johnny Isakson, R-Ga., Into its National Housing Hall of Fame at the fall reunion of leaders of the association in Houston last week. The National Housing Hall of Fame recognizes individuals whose wit, ingenuity and determination have improved the […]

Home builders

Isakson honored by the National Association of Home Builders | national news

WASHINGTON – The National Association of Home Builders (NAHB) inducted longtime former Senator Johnny Isakson, R-Ga., Into its National Housing Hall of Fame at the association’s Fall Executives Meeting in Houston last week. The National Housing Hall of Fame recognizes individuals whose wit, ingenuity and determination have improved the country’s housing, making the United States […]

Home builders

Homebuilders Gain Confidence Amid Persistent Supply Chain Problems

Numbers Homebuilder sentiment improved for the second month in a row, rebounding further from its late summer low. The National Association of Home Builders’ monthly confidence index rose four points to 80 in October, the professional group said on Monday. The figure represents the highest point since July. “While demand and home sales remain strong, […]

Home builders

Homebuilders and housing advocates lobby against potential cuts in housing benefits • OpenSecrets

(Photo by Christopher Furlong / Getty Images) Housing advocates and home builders fear federal housing aid may be put on the chopping block as White House and Democratic leaders consider slashing $ 3.5 trillion reconciliation bill in a bid to facilitate its adoption by Congress. The new conflict over which the agendas of President Joe […]

Home builders

Inflation forces some homebuilders to slow down and raise prices

Associated press September 22, 2021 12:00 LOS ANGELES (AP) — Even in the hottest U.S. real estate market in more than a decade, building new homes has become a frustrating, uncertain and expensive proposition for many homebuilders. Rising costs and shortages of building materials and labor are impacting the home construction industry, which accounted for […]

Home builders

Lumber prices plummet, but supply and labor ‘chaos’ hit state homebuilders

By Thomas Clouse/The Spokesman-Review Lumber prices have finally fallen to record lows, but other supply issues will keep homebuyers from reaping the benefits of lower costs for some time, industry officials say. According to the National Association of Home Builders, the cost of lumber per 1,000 board feet had fallen to around $400 by September […]

Home builders

Homebuilders wait for lower lumber prices

After months of headlines about rising lumber costs, recent news has focused on significant price declines. The problem for homebuilders and renovators is that although lumber futures have begun to moderate, lumber lots quoted to builders have remained at or near record highs. What’s going on with wood costs? The recent decline in lumber prices […]

Home builders

Knoxville homebuilders struggle to keep up with real estate demand

The housing shortage in Knoxville is not going to go away. One solution seems obvious: build more houses. But home builders are currently facing major challenges, including high material costs, supply delays, a shortage of labor, and a lack of available properties. And the pressure will only tighten: Knoxville needs about 40,000 additional homes by […]

Home builders

U.S. home builders call for end to Canadian softwood lumber trade war – Vancouver Island Free Daily

As record lumber costs in North America push home prices to new highs, the U.S. National Association of Home Builders has called on President Joe Biden’s administration to strike a trade deal in long term on the Canadian lumber trade. In a letter to U.S. Trade Representative Katherine Tai, Home Builders President John Fowkes said […]

Home builders

Lumber shortage is a crisis for Michigan home builders and their customers

However, he said, “we have defined the exact wood requirements on a (house) package, and we are not ordering exactly what we need.” Small builders would feel the supply squeeze sooner, Neubecker said, and could face longer construction times if they cannot source materials. On the other side of a lumber purchase, Mans Lumber receives […]

Home builders

Lumber and steel costs push up the price for builders and homebuyers – InForum

FARGO – Those looking to build their dream home in the Fargo-Moorhead area have seen costs rise dramatically since the start of the COVID-19 pandemic. Kim Hochhalter, vice president of Building Concepts and president of the Home Builders Association of Fargo-Moorhead, said it’s not uncommon for home builders to experience a five-figure increase in the […]