National Association of Home Builders (NAHB)

The price index of services inputs to residential construction have risen 18% YOY.

The letter cites rapidly rising interest rates, rising home prices and rents, and the rising cost of lumber and building materials for significantly decreasing housing affordability.

NAHB/Wells Fargo Housing Market Index falls for fourth straight month.

Increasing construction costs drive ennui despite favorable demographics and low-inventory numbers.

In remarks during White House event, Jerry Konter urges administration to act.

Rising cost of construction materials, combined with rate hikes, seriously affecting housing affordability.