DOE Buildings Upgrade Prize Offers Cash, Technical Assistance for Upgrade Ideas
Last month, the Department of Energy (DOE) announced the Buildings Upgrade Prize (Buildings UP) to "accelerate the transformation of U.S. buildings into energy-efficient and clean energy-ready homes, commercial spaces, and communities." Buildings UP will offer "more than $22 million in cash prizes and technical assistance to teams across America with winning ideas to accelerate widespread, equitable energy efficiency and building electrification upgrades."
DOE will award prizes between $200,000 to $400,000 to 60 cross-sectoral teams through two different pathways: "Open Innovation" or "Equity-Centered Innovation," which will be focused on delivering upgrades to low- and moderate-income homes, small, disadvantaged businesses and other equity-eligible buildings. Both pathways will offer technical assistance and coaching, with Open Innovation entries eligible for $200,000 and Equity-Centered Innovation entries eligible for $400,000.
Teams can submit applications outlining their concepts during Phase I. Applications for Phase I are due July 18, 2023. Updates are available on HeroX.com.
For those interested in learning more about this program, webinars are available this week on March 7 at 1 p.m. ET and March 9 at 12 p.m. ET. Visit aceee.org to learn more.
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The monthly update provides talking points to help members stay informed with clear and consistent messages on issues affecting the residential construction industry.
NAHB leadership will gather Oct. 6-8 for the 2026 Fall Leadership Meeting in Detroit. Members and HBA staff not in attendance can view livestreams of the key meetings.
Latest Economic News
The U.S. labor market cooled in September, with nonfarm payroll employment increasing by just 29,000 as downward revisions erased most of August’s previously reported strength. The unemployment rate edged up to 4.2%, as both employment and the labor force continued to grow.
Private residential construction spending rose in August 2026 following a series of declines during the second quarter of the year. According to the latest construction spending data from the U.S. Census Bureau, private residential construction spending came in at a seasonally adjusted annual rate (SAAR) of $882.3 billion in August, up 1.1% from July but down 4.8% from a year ago.
Artificial intelligence (AI) is rapidly changing how work gets done, but its impact varies considerably across occupations. For most construction occupations, near-term exposure to AI remains relatively low.