NAHB Commends House Passage of Forestry Bill
The House has passed NAHB-supported legislation that will contribute to better forest management practices, help strengthen the nation’s housing supply chain and promote affordable housing opportunities for all Americans.
The Fix Our Forests Act (H.R. 471) will help improve the U.S. forest management system by expediting environmental reviews and ending frivolous litigation that often grinds needed forest management projects to a halt.
Legal obstacles, as well as administrative barriers, have contributed to the U.S. Forest Service and Bureau of Land Management’s inability to effectively manage their lands. Consequently, overgrown and poorly managed forests have dramatically increased the risk of catastrophic wildfire across the country, which are extremely destructive to Americans living in fire prone areas as well as to the forest ecosystem.
Better forest management has positive ecological benefits along with the economic benefit of increasing the supply of federal timber products. Despite America’s vast timber resources, the United States does not produce sufficient lumber to meet the housing industry’s demand, requiring costly imports.
Lumber and wood products are a major cost driver in housing affordability, accounting for approximately 15% of the cost of construction for a single-family house. Additional domestic supply can help stabilize what is otherwise a volatile market for wood products, giving builders greater price stability.
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%.