NAHB Now
- NAHB Launches Offsite Construction Video SeriesNAHB launched a new video series this month called the Offsite Construction Video Series. Each month, experts will explore essential topics in modular, panelized, concrete, log, and timber frame home construction.
- NAHB Members Recognized in Pro Remodeler's 40 Under 40 Class of 2024Pro Remodeler recently released its 40 Under 40 Class of 2024 in its March/April issue. See which NAHB members made the list.
- Single-Family Builders: Tell Us How Rising Costs Are Impacting Your Bottom LineBuilders’ bottom lines across the country are being squeezed by rising material, labor and land costs. NAHB’s Economics team is in the process of measuring the impact of increased costs on builders’ profitability. And we need your help.
- Learn Strategies for Managing Cold Stress on JobsitesEach time winter weather rolls around, a new threat to residential construction workers emerges: cold stress. It is important for jobsite managers to know how to protect workers in low temperatures, recognize the signs of injuries and plan for common hazards, including icy roads and walkways.
- Podcast: Housing Affordability and What Policymakers Can Do to Solve ItIn the latest episode of NAHB's podcast, Housing Developments, hosts CEO Jim Tobin and COO Paul Lopez discuss the latest economic data and what is happening nationwide as the housing affordability crisis continues to be a key issue.
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Eye On Housing
- State Level Employment Situation: March 2024Nonfarm payroll employment increased in 44 states in March compared to the previous month, while six states and the District of Columbia saw a decrease. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 303,000 in March, following a gain of 270,000 jobs in February. On a month-over-month basis, employment...
- Existing Home Sales Decline in MarchAfter reaching the 12-month high last month, existing home sales retreated in March due to lingering high mortgage rates, according to the National Association of Realtors (NAR). Meanwhile, low resale inventory and strong demand continued to drive up existing home prices, marking the ninth consecutive month of year-over-year median sales price increases. Eventually, mortgage rates...
- Highest Paid Occupations in Construction in 2023Half of payroll workers in construction earn more than $58,500 and the top 25% make at least $79,450, according to the latest May 2023 Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) and analysis by the National Association of Home Builders (NAHB). In comparison, the U.S. median wage is $48,060, while the top...
- How Quickly Do Prices Respond to Monetary Policy?As economist Milton Friedman once quipped, monetary policy has a history of operating with “long and variable lags.”[1] What Friedman was expressing is that it takes some time for the true effects of monetary policy, like the changing of the federal funds rate, to permeate completely through the larger economy. While some industries, like housing,...
- Most Home Buyers Want One, Medium-Sized Home OfficeAccording to the latest What Home Buyers Really Want Study*, the vast majority of home buyers are looking for a home with at least one home office (or space dedicated to work/study). More specifically, 66% would prefer to buy a home with exactly one home office, 13% want at least two offices, and 20% want...
