Industry Insights
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NAHB/Wells Fargo HMI reflects continued affordability pressure across the housing market
Builder confidence fell to 34 in July as affordability challenges, elevated mortgage rates, high land costs, rising material prices, and labor shortages continue to weigh on the market. NAHB reports sentiment has remained below 40 for 15 straight months, the longest stretch since 2012.
National Association of Home Builders
Bipartisan legislation advances housing supply, financing, regulatory reform, and affordability initiatives.
Congress has enacted the bipartisan 21st Century ROAD to Housing Act, delivering meaningful reforms intended to increase housing supply, improve affordability, streamline permitting, and expand financing opportunities. The legislation includes several priorities championed by NAHB and the residential construction industry.
Central Washington Home Builders Association
Notice of Funding Opportunity (NOFO)
The Washington State Department of Commerce is accepting applications for permit review process update grants. Grants of up to $75,000 will be awarded to local governments to help reduce permit review timelines. A total of $475,000 is available.
Central Washington Home Builders Association
SBCC energy code CR-102s open for public comment.
The SBCC has finally filed the energy code CR-102s and opened the public comment window
Andi Hochleutner
BIAW has just added another benefit for members to build and strengthen their businesses. The BIAW Contracts Package is now FREE for all home building association members in Washington.
Building Industry Association of Washington (BIAW)
BIAW has joined a lawsuit challenging Washington’s new income tax, arguing it unfairly harms small businesses, especially builders with unpredictable project-based income.
Central Washington Home Builders Association