National Housing Endowment Receives Major Gift from Kohler Estate
The National Housing Endowment (NHE) announced a $3 million gift from the estate of Herbert V. Kohler, Jr., former Kohler Co. Executive Chairman. As a founding member of NHE, Kohler served on the Board of Trustees for 35 years.
“Herb believed in our mission and work to provide the housing industry with education, training and research,” said Al Scott, chair of the Endowment. “His support of our college programs goes back decades and has paid off with over 50 residential construction management programs in place today thanks to NHE funding. His vision is now a reality, and this generous gift lets us do more.”
In addition to funding residential construction faculty and curriculum, scholarships help more than 500 students annually attend the International Builders’ Show. Laura Kohler, Chief Sustainability & DEI Officer at Kohler Co., noted, “My father understood the value of students participating in housing’s largest event through the NAHB Student Chapter Competition. He knew that the students’ opportunity to meet designers, contractors and builders face to face goes a long way in determining their residential construction career choice.”
This contribution also enables expansion of the Skilled Labor Fund’s Career Connections grant program to fund local association-organized career events. In 2023, an estimated 70,000 students will learn about the skilled trades required to build homes, meet industry professionals, and experience hands-on demonstrations with the tools and materials used in construction.
“Before we can train future home builders, we first have to make them aware of the great career opportunities available in all the residential skilled trades,” said Ted Mahoney, a member of the Skilled Labor Fund Operating Committee. “I have had the honor of working with Mr. Kohler on industry issues going back to the 1980s, and the development of young people into rewarding careers ranked high on his list of priorities.”
To learn more about Herb Kohler’s contributions to housing, manufacturing and community, visit celebrateherbkohler.com.
Latest from NAHBNow
Confidence in the market for new multifamily housing weakened year-over-year in the second quarter, according to the Multifamily Market Survey (MMS) released today by NAHB. The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 43, down three points year-over-year, while the Multifamily Occupancy Index (MOI) had a reading of 74, down eight points year-over-year.
A series of fast-moving wildfires recently broke out in and around Spokane, Wash., causing widespread destruction. In response, the Spokane Home Builders Association is accepting donations to the Spokane Wildfire Disaster Relief Fund to provide support to the communities hit hardest by the wildfires.
Latest Economic News
Confidence in the market for new multifamily housing weakened year-over-year in the second quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices.
Re-escalation of the conflict in Iran pushed mortgage rates higher in July. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.54% in July, up 5 basis points (bps) over June. Since the conflict in the Middle East began, the 30-year mortgage rate has climbed by almost 50 bps.
Real GDP growth slowed in the second quarter of 2026, as a pullback in government spending and slower growth in investment and exports, more than offset stronger consumer spending.