On June 30, 2026, the National Association of the Remodeling Industry (NARI) announced that Lisa Sallstrom, MS, CAE, PMP, CRP, is the association’s new CEO. Sallstrom takes the lead at NARI at an important time for the organization, amid a growing demand for remodeling services and a skilled workforce. “I am thrilled to join NARI at such an important moment for the remodeling industry,” said Sallstrom. “By building on the organization’s strong foundation and embracing new opportunities for growth, innovation, and workforce development, we can create even greater value for…
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Jobs-to-permits ratio highlights housing gap
A new analysis from the National Association of Home Builders analyzed the jobs-to-permits ratio. The analysis used net new jobs created in 2024 and measured against housing permits issued in 2023 to gauge the typical time required for permitted units to move through the construction pipeline and reach the market. Using this framework, the analysis revealed that the U.S. economy added approximately 1.8 million net new jobs in 2024 relative to 2023, while total housing permits issued in 2023 reached 1.51 million units. This results in an overall jobs-to-permits ratio…
Read More21st Century ROAD to Housing Act reaches executive branch
After the 21st Century ROAD to Housing Act was overwhelmingly approved by the House of Representatives on June 23, 2026, the bill reached the executive branch’s desk. The National Association of Home Builders (NAHB) applauded the passage and now urges the legislation to be signed. This once-in-a-generation housing package includes more than 50 sections addressing housing supply, financing, disaster recovery and other priorities. NAHB provided input to Congress on many parts of the bill, but five provisions are especially important to members: land-use and zoning, aging housing stock, multifamily financing,…
Read MoreConstruction activity softens
According to the Federal Reserve Bank of Minneapolis’s spring Construction Survey, construction activity has softened in the first months of 2026. Higher material costs and ongoing economic uncertainty are the driving factors, with more than half of respondents, approximately 54%, reporting decreased activity in the industry overall. However, signs point to optimism for the remainder of 2026 within residential construction. Despite tough conditions for some, roughly four in 10 businesses reported hiring more construction workers and increasing hours for existing employees in advance of the busy season. In general, labor…
Read MoreABC’s construction backlog surges in May
On June 16, 2026, the Associated Builders and Contractors (ABC) reported that its Construction Backlog Indicator rose to 9.1 months in May 2026. This is according to ABC’s member survey conducted from May 20 to June 3. The reading is up 0.3 months from April and 0.7 months from May 2025. “Backlog rose to a nearly three-year high in May,” said ABC Chief Economist Anirban Basu. “This increase largely reflects the massive data center investments taking place across the nation, as the 14% of ABC members under contract to work…
Read MoreResidential building material prices increase
Wholesale prices of materials used in residential construction increased in May 2026, a direct result of rising energy costs. Residential building material prices rose at their highest yearly rate since January 2023, as prices were up 4.4% from 2025 and up 0.7% over May. The price index for inputs to new residential construction rose 1.3% in May and was up 6.9% from last year. The price of goods used in new residential construction, including energy, was up 2.1% over the month and up 8.3% from last year, while the price…
Read MoreHomeowners are choosing to renovate instead of moving
Many homeowners are choosing to renovate instead of move due to elevated home prices, higher mortgage rates and moving costs. According to a recent Redfin survey, 43% of homeowners chose to renovate in the past year, while two-thirds of renovators did so as an alternative to buying. “Many Americans are choosing to stay put and make the home they already have work for them,” said Chen Zhao, Redfin’s head of economics research. “That could mean improving outdated spaces, adding space for a growing family or reconfiguring the existing space so…
Read MoreHousing advocates urge Congress to address affordability
On June 10, 2026, more than 1,100 builders, remodelers and other housing industry professionals went to Capitol Hill to call for congressional action. Attendees urged Congress to improve affordability and help builders to increase the production of affordable, attainable homes. In more than 300 meetings with lawmakers, housing advocates focused on the following priorities aimed at improving affordability and increasing supply: landmark housing legislation, workforce development and immigration and permitting obstacles. “Members of the housing community from across the country are in Washington for the National Association of Home Builders…
Read MoreHalf of U.S. homeowners are planning to renovate
According to a new study, more than half of U.S. homeowners found the time and financial means to renovate their homes in 2025. Approximately 50% of U.S. homeowners plan to renovate this year, with a growing share of younger homeowners creating a generational shift in renovation demographics. The percentage of millennials taking on renovation projects rose from 8% to 10% year over year. Gen Z now represents 0.5% of all renovating homeowners, compared to 0.2% in 2024. Baby boomers still account for more than half of all homeowners undertaking renovation…
Read MoreExisting home prices outpace new-builds
According to new analysis from the National Association of Home Builders (NAHB), an unusual trend continues to emerge in the housing market: new homes are less expensive than existing ones. While only a small gap, Q1 2026 reported the median price for a new single-family home was $403,200, compared to an existing home at $404,600. The relationship switched in the post-pandemic market with slow construction for new-builds and pandemic purchasers holding on to their low mortgage rates. Although, there are extreme regional pricing gaps across the U.S. In the South,…
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