NAHB Undercuts Lumber Coalition Arguments

Nora Spencer, founder and CEO of HOPE Renovations, is a recipient of this year’s Professional Women in Building (PWB) Leadership Grant.

The recently enacted 21st Century ROAD to Housing Act includes several NAHB-supported provisions that will give multifamily builders and developers better financing options, reduce red tape and help increase apartment production.

Residential building material prices, excluding energy, rose 0.2% in August and were up 5.1% from a year ago. Energy prices rose sharply in August, as prices for energy inputs to residential construction rose 6.6% over the month.

Mortgage application activity continued to decline in August as elevated US treasury yields pushed mortgage rates higher. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, declined 3.2% month-over-month in August on a seasonally adjusted basis, marking the sixth consecutive monthly decline.

The National Association of Home Builders (NAHB) conducts an annual census to better understand the composition and characteristics of its members. In 2025, 35% of NAHB’s membership was comprised of builder members—single-family and multifamily builders, residential and commercial remodelers, commercial builders, land developers, and manufacturers of modular/panelized/log homes.