Costly Energy Codes and Rent Caps Will Harm Housing Affordability, NAHB Tells Congress

2024-07-24T11:17:14-05:00

NAHB Chairman Carl Harris called on Congress today to address two key policies that will notably escalate costs for home buyers and renters: the federal push to mandate costly and restrictive national energy codes and the Biden administration’s recent proposal to cap rent increases at 5%.

Costly Energy Codes and Rent Caps Will Harm Housing Affordability, NAHB Tells Congress2024-07-24T11:17:14-05:00

New Home Sales Soft in June as Mortgage Rates Remain Near 7%

2024-07-24T10:18:02-05:00

Sales of newly built, single-family homes in June fell 0.6% to a 617,000 seasonally adjusted annual rate from a slight upwardly revised reading in May, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The pace of new home sales in June is down 7.4% from a year earlier and is the lowest pace since November 2023.

New Home Sales Soft in June as Mortgage Rates Remain Near 7%2024-07-24T10:18:02-05:00

Share of Homes Built on Slabs Surges

2024-07-23T10:19:25-05:00

The majority of new single-family homes started in 2023 were built on slab foundations, according to NAHB analysis of the Survey of Construction (SOC). The share of new homes built on slabs has risen steadily from 45.8% in 2000 to 72.4% in 2023.

Share of Homes Built on Slabs Surges2024-07-23T10:19:25-05:00

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