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Executive Updates


Small Businesses Weigh In on Potential OSHA Heat Stress Standard

A panel of small business owners from varied industries, including construction, recently discussed the contours of a potential heat illness and injury standard from OSHA. The final report on the panels had specific recommendations for OSHA to consider when writing a proposed rule.

The number of female NAHB members rose for the eighth consecutive year in 2022. Women now account for 26% of all Associates — NAHB’s largest community of members — and 11% of NAHB’s Builder members, which is an all-time high.

Rising Mortgage Rates Push Housing Affordability to Lowest Level in Index History

Rising mortgage rates, elevated construction costs and limited existing inventory helped push housing affordability in the third quarter of 2023 to its lowest level in more than a decade.

Undue Regulations Hurt Housing Affordability, NAHB Tells Congress

Testifying before the House Small Business Committee, NAHB Chairman Alicia Huey, a custom home builder and developer from Birmingham, Ala., said that residential construction is one of the most heavily regulated industries in the country.

HBAs Work with Governors to Address Housing Affordability

NAHB members across the country are committed to providing housing opportunities for all. To achieve this goal, HBAs are working with leadership in the state houses from both sides of the aisle. Associations such as the Home Builders & Remodelers Association of Massachusetts (HBRAMA) and the Santa Fe Area (N.M.) Home Builders Association (SFAHBA) are making inroads with legislators to advance pro-housing legislation.

Housing Headlines

Frustrations over the housing market bleed into Americans' view of the economy, survey finds

In the latest survey from Fannie Mae measuring housing sentiment, 85% of respondents in October said now is a bad time to purchase a house because of high home prices and high mortgage rates. That marked a survey high.

Mortgage rates plunge and demand finally inches back

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.61% from 7.86%, with points falling to 0.69 from 0.73 (including the origination fee) for loans with a 20% down payment.

The ‘silver tsunami’ is about to hit the housing market—but millennials and Gen Zers may not come out any better in the wash

In terms of the housing market, baby boomers pretty much have it made. They own homes worth a whopping $18 trillion combined, compared to just about $5 trillion for millennials as of the first quarter of 2023, according to a Redfin report released in August.

Climate change is impacting the home insurance industry and damaging the housing market

In the past, acquiring homeowners’ insurance didn’t present buyers much difficulty, but as climate change increases the frequency and severity of extreme weather, insurers — especially those in areas most impacted by floods and fires — are raising their premiums, or pulling out altogether, impacting the affordability and availability of home and fire insurance.

The 30-year fixed-rate mortgage averaged 7.18% in the week ending September 14, up from 7.12% the week before, according to data from Freddie Mac released Thursday. A year ago, the 30-year fixed-rate was 6.02%.

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