NAHB Now
- Watch Livestream of Virtual Spring Board of Directors MeetingThe NAHB Board of Directors will convene virtually on Tuesday, April 16, at 10 a.m. ET. A livestream is available on nahb.org for NAHB members and HBA executive officers who would like to observe the meeting.
- Tuition-Free Alabama Trades Academy Backed by Key Community SupportAs part of a statewide effort to expand trades education, the Home Builders Association of Metro Mobile (HBAMM) launched the South Alabama Homebuilding Academy (SAHA), an eight-week, tuition-free program to prepare adults for careers in residential construction.
- ICC Public Comment Hearings on Proposed Building Code Changes Begin April 19The International Code Council (ICC) will hold its combined Public Comment Hearings for the 2024-2027 code cycle beginning April 19 in Hartford, Conn. NAHB members interested in building codes are encouraged to attend or watch a livestream of the hearings.
- Trump Seeks Nearly $11 Billion Cut to HUD ProgramsPresident Trump has proposed a budget that would cut non-defense discretionary spending by $73 billion for fiscal year 2027, which runs from Oct. 1, 2026, through Sept. 30, 2027. The spending reductions include a $10.7 billion cut — about 13% — for the U.S. Department of Housing and Urban Development (HUD).
- Emerging Green Building Professional Spotlights Innovative Takeaways from IBSThe NAHB IBS Sustainability and Green Building Scholarship aims to provide emerging green builders exposure to the world of high-performance homes and help them jump-start their professional journey by attending the International Builders’ Show (IBS). This year’s winner is Grace Weger, a green builder making a meaningful impact in the world of affordable housing.
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Eye On Housing
- Remodelers Saw Profit Margin Gains in 2024Profitability for residential remodelers reached its highest level in more than two decades in 2024. Industry-wide profit benchmarks are important because they allow companies to evaluate their financial performance in context with the industry. Doing so can guide resource allocation, budgeting, and target setting for costs and expense lines, leading to a more successful business […]
- Rising Rates Weigh on Mortgage ActivityMortgage application activity decreased month-over-month as the 30-year fixed mortgage rate rose. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, declined 4.3% from February on a seasonally adjusted basis but remained 30.8% higher than a year earlier. Applications for adjustable-rate mortgages (ARM) also decreased 4.5% month-over-month, while their […]
- Which States and Construction Trades Depend the Most on Immigrant Workers?Immigrants’ share of the construction workforce reached a record high in 2024, with foreign-born workers accounting for more than a quarter of the industry’s labor force (26.3%). The share is even higher among construction trades, for which one in three craftsmen is foreign-born. In several states, reliance on foreign-born labor is especially pronounced: immigrants make […]
- Job Growth Rebounds in MarchThe U.S. labor market showed signs of a modest rebound in March following a weak February, as payroll employment increased and the unemployment rate edged down to 4.3%. Job growth was led by healthcare, construction, and transportation and warehousing. However, signs of cooling are emerging. Job openings posted their largest decline in nearly a year […]
- Iran Conflict Reverses Decline in Mortgage RatesMortgage rates, which dipped below 6% in February, climbed back up to end the month just under 6.4%. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.18% in March, 13 points (bps) higher than February. The average 15-year rate also increased by the same amount to 5.56%. Despite the recent increase, both rates remain […]
