A lack of skilled construction labor is a key limiting factor to expand home construction and improve housing inventory and affordability, according to The HBI Construction Labor Market Report based on research from the National Association of Home Builders. 

Chuck Fowke, chairman of the National Association of Home Builders and a custom home builder from Tampa, Florida, issued a statement after the Commerce Department increased duties on Canadian lumber shipments into the United States.

Strong demand and limited inventory of all types of housing are keeping occupancy strong in multifamily properties across the country, NAHB reports. 

Solid demand and ongoing building material supply bottlenecks continue to put upward pressure on new home prices, according to NAHB.

Testifying before the House Small Business Subcommittee on Oversight, Investigations, and Regulations, NAHB Chairman Chuck Fowke told lawmakers that disruptions in the building materials supply chain are having a disproportionate impact on smaller home building firms.

Single-family housing production held steady in September as strong demand helped to offset ongoing building material supply chain disruptions.

Builders are getting increasingly concerned about affordability hurdles ahead for most buyers.

The finding is a signal of residential remodelers' confidence in their markets, for projects of all sizes.

The annual event, owned by the NKBA and produced by Emerald Expositions,is the largest North American trade expo and networking opportunity for kitchen and bath industry professionals.  

Strong demand, low interest rates and fewer existing homes for sale helped contribute to an uptick in new home sales in August even as home prices continue to rise.