NAHB Now
- NAHB’s Inaugural HBCU Cohort Paves Way for Future LeadersNAHB’s first-ever Historically Black College and University (HBCU) Student Leadership program recently completed a successful year of learning, networking and making lifelong memories. The success of the program has opened the door for a second cohort that will gather later this year.
- High-Energy Competition Fosters New Trades TalentSkillsUSA state championships prove students are interested and excited about the trades.
- NAHB to Host Shop Talk on NAR LawsuitsThe class-action lawsuits filed against the National Association of Realtors (NAR) and other large real estate companies nationwide have been the subject of national media coverage for the past several months. NAHB will host a Shop Talk on Tuesday, April 30, at 3 p.m. ET to discuss the proposed settlement.
- HUD Releases New Federal Flood Risk Management StandardThe Department of Housing and Urban Development (HUD) has published a final rule in the Federal Register that revises HUD’s regulations governing floodplain management and the protection of wetlands to implement the Federal Flood Risk Management Standard (FFRMS). The regulation is effective May 23, 2024.
- Statement from NAHB Chairman Carl Harris on HUD’s New Federal Flood Risk Management Standards RuleNAHB Chairman Carl Harris issued a statement on the Department of Housing and Urban Development’s (HUD) final rule that revises HUD’s regulations governing floodplain management and the protection of wetlands to implement the Federal Flood Risk Management Standard (FFRMS).
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Eye On Housing
- All-Cash Sales Dropped to Lowest in 3 YearsNAHB analysis of the most recent Quarterly Sales by Price and Financing report reveals that the share of new home sales backed by VA loans climbed substantially in the first quarter of 2024, while all-cash sales share fell by nearly 30%. However, the median purchase price of homes bought with cash continued to increase in...
- Despite Higher Mortgage Rates, New Home Sales Post Solid Gain in MarchDespite higher interest rates last month, new home sales rose in March due to limited inventory of existing homes. However, the pace of new home sales will be under pressure in April as mortgage rates moved above 7% this month, which is expected to moderate sales and increase the use of builder sales incentives this...
- Census Analysis Shows Undercount of Youngest Population in 2020Based on new demographic analysis of 2020 Census population counts, the Census Bureau estimates that children between the ages of 0 to 4 were undercounted by over one million. This age range is historically undercounted in the population surveys but with the addition of conducting the decennial census in the midst of a pandemic, the...
- Green Building: Resiliency PracticesGreen homes go beyond lessening their environmental impact; they also actively mitigate the effects of the environment upon them. All homes can face damage from environmental hazards, prompting builders to implement resiliency practices to reduce such risks. This post will detail the prevalence of resiliency building, specific practices by hazard, as well as resiliency certification...
- Buyer Preference for a Detached Home Remains StrongA recent NAHB study on home buyer preferences* found that a single-family detached home remains the first purchase option for two of every three buyers. Far smaller shares are looking to buy a townhome (16%), a multifamily home (10%), or a manufactured home (5%). In the face of such strong preference for a detached home,...
