NAHB Supports Rep. Westerman’s ‘No Timber from Tyrants Act’
NAHB today expressed strong support for Rep. Bruce Westerman’s (R-Ark.) “No Timber from Tyrants Act.” The legislation would ban wood imports of wood products from Russia and Belarus while ramping up responsible harvesting of American timber from federal lands.
“Rep. Westerman’s ‘No Timber from Tyrants Act’ is a moral and economic imperative that needs to be enacted immediately,” said NAHB Chairman Jerry Konter. “Banning imports of Russian and Belarusian wood products will help to further economically isolate Russia and deny President Putin another source of funding for his unprovoked aggression against Ukraine.
“At the same time, the legislation also calls for responsibly increasing domestic lumber production from federal lands to address the resiliency of our national forests, create jobs, reinvigorate the forest industry and improve housing affordability. Time is of the essence and Congress must act swiftly on this bill.”
Latest from NAHBNow
May 22, 2025
Income Growth Helps Mute Existing Affordability ConstraintsDespite solid income gains and lower home prices, Americans still continue to face major housing affordability challenges, according to the latest data from the NAHB/Wells Fargo Cost of Housing Index (CHI). The CHI results from the first quarter of 2025 show that a family earning the nation’s median income of $104,200 needed 36% of its income to cover the mortgage payment on a median-priced new home. Low-income families, defined as those earning only 50% of median income, would have to spend 72% of their earnings to pay for the same new home.
May 21, 2025
Flat Growth for Single-Family Built-for-RentSingle-family built-for-rent construction posted flat growth on a year-over-year basis, as a higher cost of financing crowded out development activity.
Latest Economic News
May 22, 2025
Income Growth Helps Mute Existing Affordability ConstraintsDespite solid income gains and lower home prices, Americans still continue to face major housing affordability challenges, according to the latest data from the National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI).
May 21, 2025
Gains for Multifamily Missing Middle over Last YearThe missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties.
May 20, 2025
Single-Family Home Size Trending HigherAn expected impact of the virus crisis was a need for more residential space, as people used homes for more purposes including work. Home size correspondingly increased in 2021 as interest rates reached historic lows. However, as interest rates increased in 2022 and 2023, and housing affordability worsened, the demand for home size has trended lower.