Builders and developers responding to NAHB’s Survey on Acquisition, Development & Construction (AD&C) Financing continued to report declining interest rates in the first quarter of 2021. The average effective rate (based on rate of return to the lender over the assumed life of the loan taking both the contract interest rate and initial fee into account) decreased from 7.27 to… Read More ›
May
28
2021
Commerce Secretary Pledges Full Support of Biden Administration to Resolve Lumber Issue
By Karen Zito Industry NewsCommerce Secretary Gina Raimondo acknowledged the depth of the lumber price crisis and its effects on the residential construction industry in a meeting today with the NAHB senior officer team.
May
28
2021
The White House on Wednesday unveiled details of its plan to produce, preserve and retrofit 2 million affordable housing units under the American Jobs Plan. While the plan calls for expanding the Low Income Housing Tax Credit (LIHTC), HOME Investment Partnerships program, project-based rental assistance, and other affordable housing programs, it imposes unprecedented labor mandates on projects funded by these sources.
May
28
2021
A new NAHB study shows that, on average, regulations imposed by government at all levels account for $93,870 of the final price of a new single-family home built for sale. Of the $93,870, $41,330 is due to a higher price for the finished lot, attributable to regulations imposed during the lot’s development. The remaining $52,540 is the result of regulatory… Read More ›
May
27
2021