Broad Housing Coalition Calls on Lawmakers to Address Rising Insurance Costs

Housing Finance
Published

This week, a broad coalition of groups representing America’s housing providers, lenders and residents — including NAHB — sent members of Congress and the Biden administration a letter outlining a number of bipartisan policies to address the causes of rising insurance premiums across the nation’s housing market. The letter focused in particular on the significant negative impacts such increases have had on all stakeholders, including, but not limited to, single-family, multifamily, and affordable housing developers, lenders, investors, owners and renters.

Rising insurance costs are one of several factors that are mostly beyond the control of housing providers, driving price increases. The volatility in the insurance market over recent years hinders the ability of housing providers to deliver the housing that is so desperately needed. Because housing costs are a major driver of inflation, addressing insurance and other operating costs challenges in the rental market will also have positive follow-on effects for the national economy.

Ultimately, the primary objective in this letter is to ensure housing providers can meet the long-term housing needs of the nearly 40 million Americans who live in rental homes and continue to foster the growing contributions rental housing makes to our economy and communities throughout the country.

Read the full comment letter.

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe

Latest from NAHBNow

Education | Remodeling

Jul 20, 2026

Forecasting Trends That Will Reshape the Remodeling Industry

During an upcoming webinar, NAHB Economist Eric Lynch, along with other economic forecasters and remodeling experts, will provide a mid-year remodeling update and discuss their near-term forecasts for the industry.

Leading Suppliers Council

Jul 20, 2026

Rethinking HVAC Design to Maximize Living Space in New Multifamily Homes

Higher construction costs, tighter lot sizes, and continued demand for multifamily housing are pushing project teams to rethink how space is allocated. This shift has particularly driven the development of more flexible HVAC system platforms.

View all

Latest Economic News

Economics

Jul 20, 2026

Exterior Material Trends in Single-Family Homes

Vinyl siding was the most used principle exterior wall material for homes started construction in 2025. This material held just over a quarter share of homes, surpassing stucco for the second time since 2018. The declining share for stucco reflected the slowdown for home building in parts of the Sun Belt.

Economics

Jul 17, 2026

Multifamily Gains Lift Overall Starts Despite Single-Family Decline

Strong multifamily growth pushed overall housing starts higher in June, while single-family production remained sluggish as elevated mortgage rates, rising construction costs and persistent labor shortages continued to weigh on the market.

Economics

Jul 16, 2026

Builder Sentiment Stays Weak as Affordability Concerns Persist

Economic uncertainty and persistent affordability challenges driven by rising material prices, high land costs, and elevated mortgage rates continue to weigh on builder sentiment.