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In her first update to members as NAHB Chairman, Alicia Huey celebrates the success of the 2023 International Builders' Show and outlines her vision for the coming year, including a united residential construction industry fighting for all builders.

Fourth straight month of decline for builder sentiment as higher construction costs and interest rates reduce housing affordability:

Home builder confidence dropped two points to 77 in April in the NAHB/@WellsFargo Housing Market Index (#HMI). This is the fourth straight month that builder sentiment has declined. Higher interest rates and supply chain issues are taking a toll https://t.co/8Rzv9b5aC5 #economics

Banks are scaling back their mortgage forecasts as rapidly rising rates make it more expensive to buy a home. The Mortgage Bankers Association expects mortgage originations, including refinances, to total $2.58 trillion in 2022, a 35.5% decline from 2021.

NAHB CEO Jerry Howard was on @TeamCavuto on @FoxBusiness today discussing some warning signs for the home building industry, #realestate market, and broader economy with soaring housing prices and rising interest rates. https://t.co/A5EhyVkBKD | #economics

NAHB applauds @WhiteHouse and @CommerceGov for reaching an agreement with the UK to end #steel and aluminum #tariffs. Now we urge the same action on #lumber tariffs through a new agreement with Canada. #HousingAffordability #economics

NAHB’s Professional Women in Building Council recently chartered three new local councils during its annual board of trustees meeting at #IBS2022 in Orlando. NAHB’s PWB community has expanded to 69 local councils and is now more than 2,500 members strong.

For a new home with an estimated median price of $412,506 in 2022 and the recent 30-year fixed-rate mortgage rate of 3.5%, a quarter percentage point increase in the interest rate would price out approximately 1.1 million households. https://t.co/s9eiqSbQx0 | #realestate

Mortgage rates are already north of 4%, but there are a few business channels that will flourish in the new environment – cash-out refis and HELOCs. https://t.co/fryiWi26Po

Logan Mohtashami is at it again with some data-driven predictions for the housing market — this time, tackling the question of rising mortgage rates. https://t.co/yllAr4GUXz

The 2022 NAHB Senior Officers have been installed! Congrats to Jerry Konter, the 2022 Chairman. Welcome to Buddy Hughes, who will serve as 3rd Vice Chairman. And a very special thank you and find farewell to Greg Ugalde, who is leaving the ladder. #IBS2022

In a move supported by NAHB, more than 40 Republican senators have requested that the Environmental Protection Agency halt its “waters of the United States” (WOTUS) rulemaking while the Supreme Court considers a case on the rule.

"Mortgage rates have increased significantly in the past month. Rates will likely show little change this week, remaining above 3.5%. Freddie Mac will release the 30-year fixed mortgage rate tomorrow morning. Stay tuned."

"Mortgage rates have hovered around 3.1 percent for the last couple of months. Nevertheless, the bond market is signaling that rates are about to rise. Freddie Mac will release the 30-year fixed mortgage rate tomorrow morning. Stay tuned."

At the behest of NAHB, 84 members of Congress this week sent a letter to @CommerceGov @SecRaimondo expressing concern over the decision to double #tariffs on Canadian #lumber. The U.S. should resume negotiations on a new softwood lumber trade agreement.

NAHB Leaders Discuss Lumber Tariffs with Canadian Officials https://t.co/XaXmDicBPv

Instant Reaction: NAR Chief Economist, Lawrence Yun, on Consumer Price Index. “If you are younger than 40 years old, then you have never experienced such high inflation. Consumer prices rose 6.8% in November."

Watch the NAHB Monday Morning Briefing for Nov. 22, 2021, all the housing headlines you need in less than 60 seconds. Read the latest NAHB news at https://t.co/kzyQiXQxSb. | #housingnews #housingeconomics #realestate