Industry News

Gen Z gearing up to be homebuyers

Tom Oslund

The oldest members of Generation Z are setting their sights on home ownership nearly as often as millennials, according to a new survey.Property Shark, which provides data to real estate professionals, found in a recent survey that 83 percent of Gen Zers born between 1995 and 1999 plan to buy a home in the next five years. The survey defined Gen Z as those born from 1995 to 2010, but it...

More Builders’ Profits Taking a Hit from Labor Shortages

Tom Oslund

A recent NAHB survey found that over the last year, the average cost of builder-employed laborers increased 5.2% and the cost of subcontractor work rose 7.2%.

Comparing those numbers to 2018’s overall inflation (just 2.9%) helps explain why the pace of residential construction continues to be flat: The cost increases are not only resulting in higher home prices for buyers, but a growing...

A 10-Year Anniversary Highlights Need for Housing Finance Reform

Tom Oslund

With Fannie Mae and Freddie Mac now marking their tenth year of conservatorship, NAHB today called on Congress to make it a priority to enact comprehensive reform to the nation’s housing finance system.

“To ensure a stable housing finance system that will support the future of homeownership and affordable multifamily housing in America, Congress must fix the structural flaws inherent in...