Home Builder Confidence Edges Lower on Inflation Concerns

by NAHB Growing inflation concerns and ongoing supply chain disruptions snapped a four-month rise in home builder sentiment even as consumer demand remains robust. Builder confidence in the market for newly built single-family homes moved one point lower to 83 in January, according to the NAHB/Wells Fargo Housing Market Index (HMI) released today. The HMI has hovered at the 83 or 84 level, the same rate as the spring of 2021, for the past three months. “Higher material costs and lack of availability are adding weeks to typical single-family construction times,” said NAHB Chairman Chuck Fowke. “NAHB analysis indicates the aggregate cost of residential construction materials has increased almost 19% since December 2020. Policymakers…

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Read more about the article Ways To Help This Holiday Season
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Ways To Help This Holiday Season

Now, it's no secret that this year has been extremely hard on everyone. It's always good to look back and reflect on how we could make it better for the community around us. We at the HBA of Dayton wanted to help you find ways to spread the holiday cheer this year. Here are a few things you can do to help those in need. FOOD DRIVES The Food Bank The Foodbank brings food, comfort and hope to hungry families in the Dayton area. For over four decades, The Foodbank has been the primary food supplier to the hunger relief network in Montgomery, Greene and Preble counties. Food and related supplies are acquired and…

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How to Help After the Recent Central U.S. Tornado Outbreak

NAHB Severe weather and tornadoes swept across the central United States Dec. 10-11, causing extreme damage to communities. The worst recorded tornado, known as the “Quad-State Tornado,” left a trail of destruction nearly 250 miles long across Arkansas, Missouri, Tennessee and Kentucky. In response, NAHB is working closely with state and local home builders associations in the region to meet the needs of members who were affected by severe weather and provide resources to help them rebuild. For individuals interested in supporting relief efforts in the hard-hit state of Kentucky, the Home Builders Association of Kentucky recommends supporting the Team Western Kentucky Tornado Relief Fund. According to the fund’s website, the fund: Was established by Kentucky Governor Andy…

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Read more about the article Mortgage Rates Increase Following Fed Policy Pivot
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Mortgage Rates Increase Following Fed Policy Pivot

NAHB The Federal Reserve on Dec. 15 signaled that it will be shifting from an accommodative monetary policy stance that has supported the economic rebound from the 2020 recession toward a tighter policy as a direct result of ongoing, elevated inflation data. For the housing community, this policy pivot means that mortgage interest rates are likely to rise in 2022. This will reduce housing affordability and again emphasizes the need for policymakers to enact solutions to fix the nation’s supply chains that are impeding more robust housing construction. At the conclusion of its December policy meeting, the Fed announced changes to its outlook and projections in response to increased inflation data and inflation expectations that…

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Home Builder Sentiment Strong at Year’s End

NAHB Despite inflation concerns and ongoing production bottlenecks, home builder confidence edged higher for the fourth consecutive month on strong consumer demand and limited existing inventory. Builder sentiment in the market for newly-built single-family homes moved one point higher to 84 in December, according to the NAHB/Wells Fargo Housing Market Index (HMI) released today. This ties the highest reading of the year that was posted in February. “While demand remains strong, finding workers, predicting pricing, and dealing with material delays remains a challenge,” said NAHB Chairman Chuck Fowke. “Policymakers need to work on supply chain improvements and controlling costly inflation. Addressing lumber tariffs would be a good place to start.” “The most pressing issue…

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Take Action Now to Fight the New Lumber Tariffs

NAHB The Commerce Department on Nov. 24 moved forward with its next administrative review to double the tariffs on Canadian lumber shipments into the U.S. from 9% to 18%. NAHB strongly opposed this move as it will only exacerbate market volatility, put upward pressure on lumber prices and make housing more expensive. We need your help to get Congress involved. Please call or write your members of Congress today and urge them to tell President Biden to negotiate an updated softwood lumber agreement with Canada and increase U.S. lumber production by harvesting more timber from U.S. forest lands. Click on the “Take Action Now” button below to send a letter to your members of Congress. TAKE…

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How To Help This Holiday Season

There are very many things to be thankful for this holiday season. However, sometimes we just need to spread a little holiday cheer. Looking for a way to help others? Here are some of the many ways you can help around the Dayton Area: God's Grace Food Pantry According to the With God’s Grace Facebook page, the food pantry will be handing out Thanksgiving to-go meals to families in the Dayton community. The event will be held from 1 pm to 2 pm at 5505 North Dixie Drive in Dayton. Visit God's Grace Facebook Page House of Bread Volunteer for House of Bread here The House of Bread was founded in 1983 by Sister…

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