Industry News

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...

Builder Confidence Remains Firm in August

Tom Oslund

Builder confidence in the market for newly built single-family homes edged down one point to a solid 67 reading in August on the NAHB/Wells Fargo Housing Market Index.

“The good news is that builders continue to report strong demand for new housing, fueled by steady job and income growth along with rising household formations,” said NAHB chairman Randy Noel. “However, they are...