NAHB Now
- State Supreme Court Denies NIMBY Challenge to Zoning ReformThe Massachusetts Supreme Judicial Court last week upheld the constitutionality of the Massachusetts Bay Transportation Authority (MBTA) Communities Act, which mandated zoning changes across the state.
- Housing Starts End 2024 on an Up NoteOverall housing starts increased 15.8% in December to a seasonally adjusted annual rate of 1.50 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest rate since February 2024.
- HUD Confirmation Hearing Centers on Regulatory Burdens, Affordability and Need for More HousingThe need to eliminate excessive regulations – a key NAHB priority -- was an overriding theme during yesterday’s Senate confirmation hearing on the nomination of Scott Turner as the next secretary of the U.S. Department of Housing and Urban Development (HUD).
- NAHB Lauds the Nomination of Bill Pulte to Lead the FHFANAHB Chairman Carl Harris issued the following statement after President-elect Donald Trump nominated Bill Pulte to serve as the director of the Federal Housing Finance Agency (FHFA).
- NAHB Promotes Key Housing Priorities to Incoming Trump AdministrationOver the past several weeks, NAHB has been meeting with members of President-elect Donald Trump’s transition team to promote our policy agenda. NAHB recently submitted a detailed housing policy paper to the transition team to tackle the housing affordability crisis.
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Eye On Housing
- Moving Out of Parental Homes is On HoldThe worst on record rental affordability conditions, depleted “excess” savings of the pandemic era, and high mortgage rates halted the post-pandemic trend of young adults moving out of parental homes. The share of adults ages 25-34 living with parents or parents-in-law hovered just above 19% in 2023, stagnant from 2022, according to NAHB’s analysis of...
- Housing Starts End 2024 on an Up NoteFueled by solid demand, single-family construction moved higher in December despite several headwinds facing the industry, including high mortgage rates, elevated financing costs for builders and a lack of buildable lots. Overall housing starts increased 15.8% in December to a seasonally adjusted annual rate of 1.50 million units, according to a report from the U.S....
- Remodeling Market Sentiment Improves in Fourth Quarter of 2024The NAHB/Westlake Royal Remodeling Market Index (RMI) posted a reading of 68 for the fourth quarter of 2024, up five points compared to the previous quarter. Remodelers are more optimistic about the market than they were earlier in the year, corroborated by NAHB’s recent analysis of home improvement loan applications. Demand in many parts of...
- Builder Confidence Edges Up Even as Market Risk Concerns RiseBuilder sentiment edged higher to begin the year on hopes for an improved economic growth and regulatory environment. At the same time, builders expressed concerns over building material tariffs and costs and a larger government deficit that would put upward pressure on inflation and mortgage rates. Builder confidence in the market for newly built single-family...
- Housing Inflation Moderates Amid Higher Energy CostsInflation edged up to a five-month high in December as energy prices surged, accounting for more than 40% of the monthly headline increase. Inflation ended 2024 at a 2.9% rate, down from 3.4% a year ago, although the last mile to the Fed’s 2% target continues to be challenging. While core inflation remained stubborn due...
