The National Association of Home Builders (NAHB) urged the Biden administration to increase domestic production of timber from federal lands and to work with Canada on a new softwood lumber agreement that will eliminate tariffs.
Industry leading trade shows to be held at the same time in 2023 are the NAHB International Builders' Show (IBS), NKBA's Kitchen & Bath Industry Show (KBIS) and the National Hardware Show.
Growing inflation concerns and ongoing supply chain disruptions snapped a four-month rise in builder sentiment even as consumer demand remains robust, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released Jan. 18.
The market value of the average new multifamily home has increased by $8,998 over the same period due to the surge in lumber prices, according to nahbnow.com.
In another indicator that housing continues to lead the economy forward, sales of newly built, single-family homes in August topped the 1 million mark and reached their highest pace since September 2006.
Developers have continued to respond to demand by building more apartments, predominately in urban areas.
BOSTON – Despite concerns about the condition of the economy, there are still many positive factors affecting housing expansion. A presentation by Robert Dietz of the National Association of Home Builders on housing trends, demographics, construction metrics, inventory and forecasts focused on positive and negative factors affecting housing growth. A few takeaways from that presentation at the Wood Machinery Manufacturers of America meeting in Boston: --The new townhouse market is expanding, and Dietz sees this as a real growth market.
Will increase in wood prices affect housing starts? This is indeed the concern we all should have: Wood Dr.