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What Design Trends Will Have Staying Power in 2024?

November 27, 2023 | Comments Off on What Design Trends Will Have Staying Power in 2024?

For remodelers looking to elevate their businesses in the new year, staying on top of the latest housing trends is a must. In this installment of NAHB’s Remodeling Forecasts, Myths & Trends video series, sponsored by Lowe’s Pro, Pro Remodeler’s managing editor Caroline Broderick digs into which home design trends will have staying power in 2024. Having…

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In a Win for NAHB, Congress Extends Funding for NFIP

November 20, 2023 | Comments Off on In a Win for NAHB, Congress Extends Funding for NFIP

With the National Flood Insurance Program (NFIP) and federal government 48 hours away from a funding lapse, House and Senate lawmakers acted in a bipartisan manner to fund the operations of the federal government, including the NFIP, through early next year. NAHB has been at the forefront in working with lawmakers to find a solution…

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Rising Mortgage Rates Push Housing Affordability to Lowest Level in Index History

November 13, 2023 | Comments Off on Rising Mortgage Rates Push Housing Affordability to Lowest Level in Index History

Rising mortgage rates, elevated construction costs and limited existing inventory helped push housing affordability in the third quarter of 2023 to its lowest level in more than a decade. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 37.4% of new and existing homes sold between the beginning of…

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NAHB Opposes H-2B Bill that Targets the Construction Industry

November 6, 2023 | Comments Off on NAHB Opposes H-2B Bill that Targets the Construction Industry

In a pre-emptive move, NAHB has joined a group of 11 other leading organizations in the construction industry to send a letter to Senate and House leaders that strongly opposes pending legislation by Sens. Lindsey Graham (R-S.C.) and Alex Padilla (D-Calif.) that would impose harmful and unjustified restrictions on access to the H-2B temporary seasonal…

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Lack of Resales Boost New Home Sales in September

October 30, 2023 | Comments Off on Lack of Resales Boost New Home Sales in September

Despite mortgage rates that are at a 23-year high, new home sales posted a double-digit percentage gain in September because of a lack of inventory in the resale market. Sales of newly built, single-family homes in September increased 12.3% to a 759,000 seasonally adjusted annual rate, according to newly released data by the U.S. Department…

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