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Building Costs Skyrocket Over the Past 12 Months

Building Costs Skyrocket Over the Past 12 Months

by NWAHBA | Jun 9, 2021 | Trends

By NAHBNOW News Building material costs have soared 26.1% on average over the past 12 months, according to a recent survey of single-family builders asking how much costs have...
February Home Sales Down on Rising Material Costs, Interest Rates

February Home Sales Down on Rising Material Costs, Interest Rates

by NWAHBA | Apr 2, 2021 | Trends

By NAHBNOW News Higher interest rates, supply shortages and rising material prices, particularly for lumber, put a damper on new home sales in February. Sales of newly built,...
Critical Home Repairs Delayed Because of Sky-High Lumber Prices

Critical Home Repairs Delayed Because of Sky-High Lumber Prices

by NWAHBA | Apr 2, 2021 | Trends

By NAHBNOW News As lumber prices remain sky high, home-building activities continue to suffer across all aspects of the industry — including remodeling projects. Home owners have...
Recent Rise in Interest Rates Has Priced Out More Than 1.3 Million Households

Recent Rise in Interest Rates Has Priced Out More Than 1.3 Million Households

by NWAHBA | Apr 2, 2021 | Trends

By NAHBNOW News The recent rise in mortgage interest rates during the past two months has priced more than 1.3 million households out of the market for a median priced home,...
NAHB Spearheads Coalition Effort on Lumber

NAHB Spearheads Coalition Effort on Lumber

by NWAHBA | Mar 12, 2021 | Trends

By NAHBNOW News In an effort led by NAHB, more than 35 organizations today sent a letter to Commerce Secretary Gina Raimondo urging the secretary to turn her “immediate attention...
Record-High Lumber Prices Add $24K to the Price of a New Home

Record-High Lumber Prices Add $24K to the Price of a New Home

by NWAHBA | Feb 22, 2021 | Trends

By NAHBNOW News Lumber prices have skyrocketed more than 180% since last spring, and this price spike has caused the price of an average new single-family home to increase by...
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