Mortgage rates increased slightly in April, with the average 30-year fixed-rate mortgage landing at 6.73%, according to Freddie Mac. An analysis from the National Association of Home Builders notes the rising rates followed a sell-off in U.S. Treasury securities, driven …
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Builder Confidence Remains Low Amid Tariff Concerns and Rising Costs
Increased economic uncertainty due to tariff concerns and high building material costs has kept builder sentiment low, according to the National Association of Home Builders (NAHB) and the Wells Fargo Housing Market Index (HMI). “The recent dip in mortgage rates …
Read More »Remodeling Sentiment Down in Q1 2025
The National Association of Home Builders (NAHB) released its NAHB/Westlake Royal Remodeling Market Index (RMI) for Q1 2025, posting a reading of 63, down five points compared to the previous Q1 2025. Although 63 is still positive, this is the …
Read More »NAHB Chairman Discusses Priorities for 2025
On the latest episode of Housing Developments, a podcast from the National Association of Home Builders (NAHB), 2025 NAHB chairman Buddy Hughes shared what he’s hearing from members and his plans for the association throughout 2025. Hughes was elected to …
Read More »U.S. Tariffs on Mexico and Canada Take Effect
Following previous announcements regarding impending tariffs on Canada and Mexico, President Donald Trump has officially imposed 25% tariffs on Mexican and Canadian imports. The president also increased tariffs on Chinese products to 20% and taxes on Canadian energy will be …
Read More »Remodeling Market Poised for Growth in 2025
Industry experts from a panel hosted by the National Association of Home Builders (NAHB) during the International Builders’ Show in Las Vegas say an aging housing stock, record levels of home equity and favorable demographics are creating positive growth prospects …
Read More »2025 NAHB International Builders’ Show Hits Record Attendance, New Leadership Elected
The National Association of Home Builders (NAHB) hosted more than 81,000 builders, remodelers, developers and other home building professionals at this year’s International Builders’ Show, making this show the largest in 17 years. The show took place in Las Vegas …
Read More »New Tariffs on Steel, Aluminum Announced
After multiple tariffs on imports from China, Mexico and Canada were announced then placed on hold in early February, President Donald Trump announced a new round of tariffs on Feb. 10 that would raise steel and aluminum imports to a …
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