The effect of high lumber prices on low- and moderate-income families is a top concern of NAHB and the Biden administration, noted NAHB's Immediate Past Chairman Greg Ugalde.
Builders Buying Group is a collective purchasing organization made up of hundreds of independent residential builders and developers across the country.
The Spartacote High-Yield System with patent-pending Lux Additive effectively lowers energy costs and increases plant yield through its innovative reflective technology.
Rising building materials costs and low inventory have caused new home sales prices to jump 20 percent on a year-over-year basis, harming housing affordability and driving down the pace of new home sales.
"Builder confidence in the market remains strong due to a lack of resale inventory, low mortgage interest rates and a growing demographic of prospective home buyers," said NAHB chairman Chuck Fowke.
The fundraiser is the culmination of a two-year grassroots campaign by HMTX Industries employees to help those in need who are suffering from the disease of addiction.
Regulations imposed by all levels of government account for $93,870, or 23.8 percent of the current average sales price ($397,300) of a new single-family home.
Housing affordability weakened slightly during the first quarter of 2021 as rising material costs and supply shortages along with expected increases in mortgage rates stemming from a growing economy are likely to exacerbate affordability challenges in the year ahead.