On an aggregate basis, residential construction costs are up nearly 10%, says Robert Dietz, chief economist for the National Association of Home Builders. Dietz keeps home builders updated on recent economics research conducted by NAHB and what the findings mean for the industry in this first installment of Eye on Housing TV. As for lumber prices, those are up 200% compared to one year ago. High costs and long delays will continue as homebuying demand remains strong.
Watch the full video below
Watch more from HorizonTV here
Advertisement
Related Stories
Sustainability
Which Green Building Practices Are Home Builders Using Most?
A recent report reveals which green-building practices are most popular among single-family home builders and remodelers
NAHB
NAHB: Working to Build a Stronger Housing Industry
NAHB Chairman's Message: 2024 promises to be a great year in which NAHB will continue its advocacy efforts and work to both strengthen the home building industry and deliver more affordable homes for Americans
Market Data + Trends
Single-Family Permits Show Increase in February
Year-to-date ending in February, single-family permits were up in all four regions of the U.S.
