A coalition of more than 1,000 companies, including several U.S. industrial giants and some major players in the fenestration industry, have signed a letter urging Congress and the administration to preserve the popular Energy Star program, which has been targeted for elimination in President Trump’s 2018 budget plan.
Read more at DWM
Already contending with cost pressures on the labor and lots front, a new fissure has introduced worries over a spike in materials–particularly lumber–expenses. As trade relations with other nations turn into hardball renegotiations, the challenge now and for the coming months for builders will to fight off the potentially negative impact of costs coming unglued.
Read more at BUILDER
A recent NAHB study tracks trends in loans for new construction obligated under the USDA Single-family programs, the Section 502 Direct Loan Program and the Section 502 Guaranteed Loan Program. The report finds that, similar to the Federal Housing Administration’s single-family loan program, the USDA programs supported homeownership at a time when obtaining a conventional loan became increasingly difficult.
Read more at Eye On Housing
Home prices continued to expand in February, hitting their fourth consecutive all-time high, according to the S&P Dow Jones Indices.
Read more at HOUSINGWIRE
The White House announced on Monday that it will seek a 20-percent tariff on softwood lumber imported from Canada. The decision has the potential to increase costs for home builders, as well as for manufacturers of moulding and millwork products.
Read More at DWM