Use This NAHB Resource to Help Select New Home Building Materials
Home builders throughout the United States are grappling with building material price surges, and shortages or delays for certain orders, which are leading many to explore alternatives to complete or start projects.
Builders face many choices in selecting new products, materials, equipment and fixtures to use in constructing a home, and can determine which building materials best fit their needs by getting information about new or unfamiliar items from manufacturers and distributors. Carefully reviewing building material choices in advance may help eliminate non-conforming building materials, returns and possibly disputes.
NAHB has developed a guide, Assessing Building Materials, for builders who may not have their own review process for gathering information from manufacturers and distributors when considering the selection of new building materials.
The guide is intended to arm members with the most important factor when evaluating new materials or products: information. Use the guide to step through the information collection process to make an informed decision on deploying new products or materials. The guide is not intended to be exhaustive or all-inclusive, but it will help builders ask the right questions and seek the most relevant information.
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The percentage of new apartment units that were absorbed within three months after completion was down five percentage points in the first quarter, according to the Census Bureau’s latest release of the Survey of Market Absorption of New Multifamily Units (SOMA).
New single-family home size had been falling since 2015 in response to declining affordability conditions. An exception occurred in 2021, when new home size increased as interest rates reached historic lows.
The latest report shows the Federal Reserve’s preferred inflation gauge remains sticky in July, complicating the Fed’s path to its long-term 2% target. Meanwhile, consumer spending remains resilient but is showing signs of slowing, with real consumer spending unchanged in July. Households are pulling back on spending amid persistent inflation.