NAHB Now
- How Builders Can Leverage Technology for SuccessMonica Wheaton, 2023 PWB Woman of the Year and vice president of customer success for residential home construction at ECI Software Solutions, shares how construction and technology intersect, which technologies will have a lasting impact on the industry, and what has helped shape her success.
- NAHB's State and Local Issue Fund Helps HBA Advocacy EffortsDuring the Fall Leadership Meeting in San Antonio, the State and Local Government Affairs Committee approved more than $96,000 through the State and Local Issues Fund (SLIF) to help HBAs overcome barriers to housing affordability.
- Inaugural Event Introduces Utah Students to Rewards of Careers in ConstructionStudents participated in live demonstrations and learned more about the job opportunities available in the residential construction industry.
- How Home Owners Can Use the Energy-Efficient Home Improvement Tax CreditHome owners are increasingly considering energy-efficient upgrades, which can have both environmental and financial benefits. However, only 1.7% of tax returns filed for tax year 2023 utilized the Energy Efficient Home Improvement Credit (25C).
- Put Your Guard Up and Protect Your Workers on the JobJoin NAHB and its official safety sponsor, Builders Mutual, as they celebrate the fifth annual Guardrail Safety Week, Oct. 14-18, and be part of the difference proper guardrail use makes in protecting workers and saving lives.
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Eye On Housing
- Community Associations on the Rise in 2023In 2023, 64.8% of all new single-family homes started were built within a community or homeowner’s association. This share increased from the 62.6% recorded in 2022, according to data tabulated from the Census Bureau’s Survey of Construction (SOC). This marks the third highest share since the beginning of the series in 2009, after the high...
- Property Taxes by State – 2023Nationally, across the 86 million owner-occupied homes in the U.S., the average annual real estate taxes paid in 2023 was $4,112, according to NAHB analysis of the 2023 American Community Survey. Homeowners in New Jersey continued to pay the highest real estate taxes, paying an average of $9,572, 30.6% higher than the second highest, New...
- Energy Price Declines Lead the Way in SeptemberPrices for inputs to new residential construction—excluding capital investment, labor, and imports—decreased 0.6% in September according to the most recent Producer Price Index (PPI) report published by the U.S. Bureau of Labor Statistics. Compared to a year ago, this index was down 0.1% in September after an increase of 1.0% in August. The inputs to...
- 2023 Home Improvement Loan Applications: A State- and County-Level AnalysisResidential improvement spending softened in 2023 due to elevated interest rates, high inflation, and sluggish home sales. According to the Bureau of Economic Analysis’ National Income and Product Accounts (NIPA), expenditures for residential home improvements rose 2% to $363 billion in 2023, from $356 billion in 2022. The 2% year-over-year (YOY) gain in 2023 marks...
- Inflation Slows in SeptemberInflation continued to ease in September and remained at a 3-year low as shelter costs continued to moderate. Shelter costs, the main driver of inflation since early 2023, saw their annual growth rate fall below 5% for the first time since February 2022. With the Fed beginning its easing cycle with a half-point cut last...
