Departments Archives - Residential Contractor

What Does the Fed’s Rate Hike Mean for Housing?

What Does the Fed’s Rate Hike Mean for Housing? Mortgage interest rates are closing in on 6% and will continue to climb as further tightening is expected throughout the year. Read More NAHB https://www.nahb.org/blog/2022/06/what-the-fed-rate-hike-means-for-housing

Building Product Use and Purchasing Behaviors in a Post-Pandemic Market

Building Product Use and Purchasing Behaviors in a Post-Pandemic Market Supply chain issues and pricing challenges are increasingly driving builders, remodelers and home owners to seek out and use alternative products. Read More NAHB https://www.nahb.org/blog/2022/06/building-product-use-and-purchasing-behaviors

Upcoming Changes to Efficiency Standards for AC Units and Heat Pumps

Upcoming Changes to Efficiency Standards for AC Units and Heat Pumps On Jan. 1, 2023, new minimum efficiency standards for air conditioners and heat pumps will go into effect across the United States. Read More NAHB https://www.nahb.org/blog/2022/05/upcoming-changes-efficiency-standards-ac-units-heat-pumps

NAHB Announces Best of 55+ Builder of the Year and For-Sale Community of the Year

NAHB Announces Best of 55+ Builder of the Year and For-Sale Community of the Year Traditions of America has served the 55+ market for 25 years, focusing exclusively on age-qualified communities. Read More NAHB https://www.nahb.org/blog/2022/05/nahb-announces-best-of-55-builder-of-the-year-and-for-sale-community-of-the-year

Kansas Governor Signs Affordable Housing Bill

Kansas Governor Signs Affordable Housing Bill House Bill 2237 will create incentives for developers to construct more affordable housing, particularly for rural areas, by providing state income tax credits. Read More NAHB https://www.nahb.org/blog/2022/05/kansas-affordable-housing-bill

Fed Raises Interest Rates by Half a Percentage Point

Fed Raises Interest Rates by Half a Percentage Point Following a 25 basis point increase in March, the Fed approved a further 50 basis points increase for the federal funds target rate, the largest increase for the rate in more than two decades. Read More Eye On Housing https://eyeonhousing.org/2022/05/the-fed-commits-to-aggressive-tightening-of-monetary-policy/?_ga=2.249580358.1767329249.1651764310-541414091.1649979223

Are Institutional Investors Taking a Chunk Out of the For-Sale Housing Market?

Are Institutional Investors Taking a Chunk Out of the For-Sale Housing Market? Purchases by institutional investors or private firms of for-sale and for-rent units to rent or flip to sell for higher prices are potentially making first-time homeownership more challenging. Read More Builder and Developer Magazine https://www.nahb.org/blog/2022/04/are-institutional-investors-taking-a-chunk-out-of-the-for-sale-housing-market

NAHB Invests in the Future of Green Building Through IBS Scholarships

NAHB Invests in the Future of Green Building Through IBS Scholarships The scholarship aims to provide exposure to students and recent graduates in the construction industry to the world of high-performance homes. Read More National Association of Home Builders https://www.nahb.org/blog/2022/04/ibs-green-scholarship-winners

Single-Family Permits Decline in March as Affordability Woes Continue

Single-Family Permits Decline in March as Affordability Woes Continue The single-family housing market continued to show signs of softening in March as permits and starts declined due to rising mortgage interest rates and ongoing supply chain bottlenecks Read More NAHB https://www.nahb.org/news-and-economics/press-releases/2022/04/single-family-permits-decline-in-march-as-affordability-woes-continue

Diminished Future Sales Expectations, Rising Costs Lower Builder Confidence

Diminished Future Sales Expectations, Rising Costs Lower Builder Confidence Ongoing lumber and building material supply side constraints, rising construction costs and expectations of higher interest rates continue to negatively affect builder sentiment even as buyer demand remains relatively solid. Read More NAHB Now https://nahbnow.com/2022/03/diminished-future-sales-expectations-rising-costs-lower-builder-confidence/