Regulation imposed by all levels of government accounts for an average of 32.1 percent of multifamily development costs, according to new research released today by the National Association of Home Builders (NAHB) and the National Multifamily Housing Council (NMHC). In fact, in a quarter of cases, that number can reach as high as 42.6 percent.
As the nation’s home builders celebrate National Homeownership Month in June, new research shows a household’s primary residence is its largest asset and continues to provide an important building block for long-term financial security.
Randy Noel, chairman of the National Association of Home Builders (NAHB) and a custom home builder from LaPlace, La., issued the following statement after President Trump signed the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) into law.
Aging in Place on the Rise as a Reason to Remodel
According to a recent NAHB survey, “desire for better/newer amenities” and “need to repair/replace old components” once again ranked as the top reasons owners remodel their homes. However, several other reasons to remodel are gaining ground, particularly the desire to be able to age in place.
Strong wage growth more than offset an increase in mortgage interest rates to boost nationwide housing affordability in the first quarter of 2018, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) released today.
In all, 61.6 percent of new and existing homes sold between the beginning of January and end of March were affordable to families earning the U.S. median income of $71,900. This is up from the 59.6 percent of homes sold that were affordable to median-income earners in the fourth quarter.
Connecticut’s home-building industry — still struggling to recover from the last recession — lost more ground in 2017, a new report shows, logging a double-digit, year-over-year decline in new construction.
The number of permits issued by towns and cities for single-family houses, condominiums and apartment units fell 17.4 percent in 2017, to 4,547, compared with 5,504 the previous year, according to U.S. Census data released by the state Department of Economic and Community Development.
As the residential construction industry continues to grapple with a severe labor shortage, one solution is clear to many industry leaders.
“You have a potential labor force that is underutilized – women,” said NAHB’s former Professional Women in Building (PWB) Council Chair Juli Bacon during a roundtable discussion at the 2018 International Builders’ Show in Orlando.
Diversifying the Industry’s Workforce to Address the Labor Shortage
As the housing industry celebrates New Homes Month in April, recent data from the Census Bureau confirms that millennials are increasingly entering the housing market as first-time buyers.
https://www.nahb.org/en/news-and-publications/press-releases/2018/04/millennials-leading-the-growth-of-new-home-buyers.aspx
Lisa Keeter, design coordinator for Manuel Builders in Louisiana, says it’s “time to erase that outdated advice that metals cannot be mixed.” It also appears that formerly dated metals like brass are no longer out of fashion as the finish has been making a comeback—albeit with a bit of a face-lift
http://www.builderonline.com/design/yes-its-true-brass-finishes-are-popular-again_o
Every year the National Association of Home Builders conducts a member census in order to better understand the composition and characteristics of the people who belong to its organization. In 2017, 32 percent of NAHB’s members were builders—those directly involved in home building. The remaining 68 percent were associate members—those involved in supportive industries and professions, such as trade contractors, manufacturers, retailers/distributors, designers, and architects.