NAHB Commends House Passage of Forestry Bill
The House has passed NAHB-supported legislation that will contribute to better forest management practices, help strengthen the nation’s housing supply chain and promote affordable housing opportunities for all Americans.
The Fix Our Forests Act (H.R. 471) will help improve the U.S. forest management system by expediting environmental reviews and ending frivolous litigation that often grinds needed forest management projects to a halt.
Legal obstacles, as well as administrative barriers, have contributed to the U.S. Forest Service and Bureau of Land Management’s inability to effectively manage their lands. Consequently, overgrown and poorly managed forests have dramatically increased the risk of catastrophic wildfire across the country, which are extremely destructive to Americans living in fire prone areas as well as to the forest ecosystem.
Better forest management has positive ecological benefits along with the economic benefit of increasing the supply of federal timber products. Despite America’s vast timber resources, the United States does not produce sufficient lumber to meet the housing industry’s demand, requiring costly imports.
Lumber and wood products are a major cost driver in housing affordability, accounting for approximately 15% of the cost of construction for a single-family house. Additional domestic supply can help stabilize what is otherwise a volatile market for wood products, giving builders greater price stability.
Latest from NAHBNow
Apr 10, 2025
Congress Sets Up Fast-Track for Tax Bill, Spending CutsCongress has passed a budget resolution that sets up accelerated consideration of a tax bill, which will also be paired with significant federal spending cuts.
Apr 10, 2025
Emerging Member Leaders and HBA Staff Visit D.C. to Enhance Leadership SkillsNAHB recently welcomed a group of emerging member leaders, association executive officers (EOs) and staff to Washington, DC for the NAHB Spring Leadership Orientation. The two-day event provided in-depth information on NAHB programs and member benefits, as well as an inside look at NAHB’s Federal advocacy efforts.
Latest Economic News
Apr 11, 2025
Prices for inputs to new residential construction—excluding capital investment, labor, and imports—were up 0.6% in March according to the most recent Producer Price Index (PPI) report published by the U.S. Bureau of Labor Statistics.
Apr 10, 2025
Inflation slowed to a 6-month low in March, largely driven by lower energy costs, especially in gasoline prices. Despite the easing, the report likely only captures part of the first wave of global tariffs announcement.
Apr 10, 2025
Sentiment declined among remodelers in the first quarter of 2025, following a similar trend last month in single-family home builder sentiment. The NAHB/Westlake Royal Remodeling Market Index (RMI) posted a reading of 63 in the first quarter, down five points compared to the previous quarter. While this reading is still in positive territory, this is only the second time since the first quarter of 2020 that the RMI has been as low as 63.