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New Home Sales Jump in May

A lack of existing inventory coupled with solid consumer demand helped to boost new home sales in May to their highest level since February 2022.

Sales of newly built, single-family homes in May increased 12.2% to a 763,000 seasonally adjusted… Continue reading

Using Outlet Boxes to Streamline Plumbing Installation

Fixture and appliance outlet boxes provide many benefits during plumbing installations for sinks, toilets, washing machines and ice makers that help expedite the installation process. Also known as rough-in boxes or mounting boxes, these play a crucial role in providing… Continue reading

Podcast: Has the Housing Upturn Begun?

In the latest episode of the Housing Developments podcast, NAHB CEO Jim Tobin and SVP Paul Lopez discuss two positive economic indices released this week: housing starts had a huge jump in May and builder confidence is in positive territory… Continue reading

How to Better Manage Your Business Budget

How much profit is your business really making? Are you juggling business operations expenses and job expenses correctly? Jake Harris, cofounder and CEO of BuildWallet, answers these questions in the latest BizTools video, “Part 3: Process Cash Flow.”

Part one… Continue reading

Single-Family Starts Post Solid Gain in May

Limited existing inventory combined with solid demand and improving supply chains helped push single-family starts to an 11-month high in May.

Overall housing starts in May increased 21.7% to a seasonally adjusted annual rate of 1.63 million units, according to… Continue reading

Don’t Let Change Limit Your Growth

It can be challenging to make a living as a contractor. Material costs are constantly on the rise, qualified labor is getting harder to find, and your work schedule is at the whim of the housing market and Mother Nature.… Continue reading

House Approves REINS Act to Limit Executive Overreach

In an important victory for NAHB and common-sense regulatory reform, the House today approved the Regulations from the Executive in Need of Scrutiny (REINS) Act of 2023.

This legislation would restore meaningful congressional oversight to regulatory rulemaking by requiring Congress… Continue reading

A Hawkish Pause: Landing Flare for the Fed?

The Federal Reserve’s monetary policy committee maintained the federal funds rate at a top target rate of 5.25% at the conclusion of its June meeting. The Fed will also continue to reduce its balance sheet holdings of Treasuries and mortgage-backed… Continue reading

Lot Shortage Eases but Still a Problem

Obtaining lots for new homes remains a challenge for many of NAHB’s builders, but the shortages are not as widespread as they were in 2021, according to responses to the May 2023 survey for the NAHB/Wells Fargo Housing Market Index… Continue reading