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Friday September 22, 2023

THE MINNESOTA HOUSING INDUSTRY NEWS SOURCE BY HOUSING FIRST MINNESOTA

Tag: National Association of Home Builders

  • Energy Code review, 2023 National Electrical Code, water quality fees

    Energy Code review, 2023 National Electrical Code, water quality fees

    On Aug. 23, Administrative Law Judge Eric Lipman held a virtual hearing on the U.S. Department of Energy’s (DOE) review of the 2021 International Energy Conservation Code (IECC). At this hearing and over the next several weeks, stakeholders weighed in on this review and whether to open Minnesota’s residential energy code for rulemaking. Back in… Read More

  • Building material prices climb even as lumber prices fall

    Building material prices climb even as lumber prices fall

    Softwood lumber prices continue to fall in 2022, but the drop has yet to offset the price increases from the previous price surges caused by the pandemic supply issues. On top of that, additional building material price increases pushed overall material prices to climb again in August, up nearly 1%. According to the National Association… Read More

  • Not all housing markets are the same

    Not all housing markets are the same

    As mortgage rates hurdled over 6% in September, the highest level on record since the Great Recession, buyers are starting to become more hesitant during their home search. Many buyers are even being completely priced out of the market. Concerns over rising interest rates, delays in project timelines, rising construction costs, labor shortages and other… Read More

  • Building material costs impacted as demand falls from inflation

    Building material costs impacted as demand falls from inflation

    The price of construction materials for new homes continues to escalate going into summer. On top of already volatile supply chain effects still lingering from the COVID-19 pandemic, material costs are now starting to be impacted as inflation impacts most sectors of the economy. In 2021, the price of construction-related materials rose 15.9% throughout the… Read More

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