The Federal Reserve maintained its current interest rate range of 4.25% to 4.5%, continuing its pause on rate cuts despite earlier reductions in late 2024. Chair Jerome Powell emphasized the Fed’s commitment to reducing inflation and achieving full employment, noting that persistent shelter inflation and ongoing housing affordability challenges—exacerbated by high construction costs—are key concerns. While economic activity remains solid and unemployment is low, the Fed slightly downgraded its 2025 GDP growth forecast and raised its inflation outlook, citing tariff uncertainty as a potential contributor to elevated inflation through the…
Read MoreCategory: NAHB News
HBA Celebrates Largest Graduating Class
On May 1st, 2025, the Builders Association of North Central Florida celebrated the graduation of more than 50 apprentices representing HVAC, electrical, plumbing, carpentry, building maintenance, and plumbing According to the NAHB, ““Our apprentices worked incredibly hard to reach this point, and their success directly strengthens our local construction industry,” said Sara Emmanuel, executive officer of BANCF. “They’ve balanced work and education, and this graduation is a recognition of their dedication, growth, and the value they bring to their employers and our community every day.” Read More
Read MoreFraming Lumber Prices
Since May 9, 2025, the framing lumber composite price has fallen to $454 per 1,000 board feet. Softwood lumber prices have been affected due to rising tariffs, an increase in demand, and insufficient domestic production. The NAHB plans to negotiate a long-term deal with Canada to reduce tariffs, increase domestic production, and seek new markets for trading in order for lumber production to start blooming once again. According to NAHB, “Surveys conducted by Home Innovation Research Labs show that the average new single-family home uses more than 2,200 square feet…
Read MoreVeteran Employment in Construction Increases in 2022
Veteran Employment in Construction Increases in 2022 The share of employed veterans working in the construction industry increased to 6.5% in 2022 — the second consecutive annual increase. The share has climbed 0.6% since 2020 and is just… Read More National Association of Home Builders https://www.nahb.org/blog/2023/04/veteran-employment-in-construction-increases-in-2022
Read MoreWomen Play a Key Role in Building Construction Career Pathways
Women Play a Key Role in Building Construction Career Pathways Women contribute significantly to the residential construction industry and dedicate time to inspire the next generation of home builders. Read More NAHB https://www.nahb.org/blog/2023/03/women–build-construction-career-pathways
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