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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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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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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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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COVID-19 UPDATE: JOB GROWTH, INFLATION RISKS, AND AFFORDABILITY CONCERNS

BUILDERONLINE While the potential influence of continued high inflation adds an element of caution to the current state of the economy, Zonda chief economist Ali Wolf said her take on the overall economy is more positive during the latest COVID-19 Update webinar. Wage Growth and Inflation Partially as a result of the labor crunch, employers are feeling pressure and increasing wages. Wolf says the country is experiencing a wage growth between 4% and 6% compared with 2020, the highest levels of year-over-year growth since 2004-2005. The positive impact of higher wages and consumer spending power, however, is being offset by higher costs and high inflation numbers. Inflation has grown between 3.5% and 5% year…

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2 Innovative Water Efficiency Strategies

NAHB As water costs continue to rise across the country and some areas face droughts, aridification, and water supply constraints, Property Owners – particularly owners of affordable housing – can benefit from these additional water efficiency strategies.  Of Course, new or replacement toilets, aerators, and showerheads are a great starting place for significant water savings; they are cost-effective and save water and utility costs. However, here are 2 more ways to increase water efficiency: 1. Install weather-based smart irrigation systems.  Traditional irrigation systems rely on manual controls that can result in operators guessing how often to run the system, and lack leak detection or flow management, all of which can waste water and cause other issues, such as slip hazards and slope erosion.  Weather-based smart irrigation brings precision to the system and can…

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