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…
Read More
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…
Read More
In a positive development for NAHB and the housing industry, Federal Reserve Chairman Jerome Powell has signaled that the central bank is unlikely to raise rates further unless clear signs emerge that strong economic growth could trigger a rise in inflation. As reported by the Wall Street Journal, Powell said during an address in New…
Read More
Using the 2021 American Housing Survey (AHS), NAHB investigated the characteristics of recent home buyers – defined as households who purchased homes in the two years preceding the date the 2021 AHS was conducted – in a new special study. According to this criterion, roughly 10.2 million households recently bought and moved to a new…
Read More
In a case that could have significant repercussions for the housing industry, the U.S. Supreme Court on Oct. 3 heard oral arguments in Consumer Financial Protection Bureau (CFPB) v. Community Financial Services Association of America. The case centers on whether the way the CFPB receives its funding is a violation of the Appropriations Clause of the…
Read More