The Impact of Today’s Home Building Challenges on Homeownership
This post has been updated.
NAHB Chairman Jerry Konter joined thought leaders from across the housing industry to discuss critical challenges facing housing and homeownership as part of the “Catalysts for Change: Reducing the Racial Homeownership Gap” event co-hosted by the Urban Institute and the National Housing Conference.
Panels at the event included discussions of vertical and horizontal alignment of federal programs and resources, and best practices for closing the homeownership gap from local stakeholders. Konter participated in a component that focused specifically on federal interventions in homeownership disparities, and used the opportunity to highlight key factors keeping homeownership out of reach for many, including continuing challenges with supply-chain constraints and material prices, lack of labor to build more homes and overregulation.
“Government regulations and impact fees add roughly 24% to the cost of a typical new home. That has a huge impact on affordability,” Konter stated. “Home builders support the intent of most regulations — such as a clean environment, safe working conditions, and desirable and resilient communities. But we desperately need lawmakers and regulators to understand that when you overlap thousands of regulations at the local, state and federal levels, that slows production and drives up costs.”
Konter also reiterated NAHB's interest in removing tariffs on Canadian lumber, after expressing extreme disappointment last week for the Biden administration's inaction on this issue.
“It is particularly important to end tariffs on Canadian lumber shipments into the U.S. that are further fueling lumber price volatility and acting as a tax on American home buyers,” he noted, adding that an increase of domestic timber harvesting would also be beneficial.
Fellow panelists included Daniel Hornung, Special Assistant for Economic Policy to President Biden; Luis C. Padilla, president of the National Association of Hispanic Real Estate Professionals; Lisa Rice, president and CEO of the National Fair Housing Alliance; and Vanessa Perry, a professor at the George Washington University School of Business and non-resident fellow at the Urban Institute’s Housing Finance Policy Center.
Learn more about housing affordability challenges on nahb.org.
Watch the event in full below.
Latest from NAHBNow
On the latest episode of NAHB podcast Housing Developments, NAHB Chief Economist Dr. Robert Dietz joins CEO Jim Tobin and COO Paul Lopez to discuss the latest economic forecasts and how they have changed this year due to geopolitical turmoil.
The New American Remodel 2027 will be much more than a beautiful show home. It will highlight just how far building products and techniques have advanced in a relatively short period of time.
Latest Economic News
The share of new single-family homes built with individual wells and septic systems increased in 2025 compared to the previous year. According to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC), approximately 10% of single-family homes started in 2025 were served by individual (private) wells, and 17% relied on individual septic systems.
In the third quarter of 2026, the NAHB Remodeling Market Index (RMI) posted a reading of 62, up one point compared to the previous quarter. The RMI has remained within a narrow band between 59 and 70 for the past four years.
Mortgage application activity declined as the 30-year fixed mortgage rate rose sharply. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, decreased 7.7% month-over-month in September on a seasonally adjusted basis. Compared to a year ago, total mortgage applications were lower by 35.4%.