NAHB Now
- 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.
- Remodeling Market Sentiment Improves in the Fourth Quarter of 2024NAHB released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the fourth quarter, posting a reading of 68, up five points compared to the previous quarter.
- Builder Confidence Edges Up Even as Market Risk Concerns RiseBuilder confidence in the market for newly built single-family homes was 47 in January, up one point from December, according to the NAHB/Wells Fargo Housing Market Index (HMI) released today.
- NAHB Calls for Clear, Flexible Guidelines in OSHA Heat StandardOn Jan. 14, NAHB submitted comments in response to OSHA’s proposed rulemaking to establish the first federal standard for preventing heat-related injuries and illnesses for both indoor and outdoor work settings.
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Eye On Housing
- 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...
- Single-Family Permits Up in November 2024 Â Over the first eleven months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 912,910. On a year-over-year (YoY) basis, this is an increase of 8.2% over the November 2023 level of 843,654. Year-to-date ending in November, single-family permits were up in all four regions. The range of permit increases spanned...
- Residential Construction Inputs Price Growth Slows in 2024Prices for inputs to new residential construction—excluding capital investment, labor, and imports—were unchanged in December according to the most recent Producer Price Index (PPI) report published by the U.S. Bureau of Labor Statistics. This index grew 0.8% over 2024, the lowest yearly increase in the index since its inception in 2014. The inputs to the...
