President’s Message
Taking Stock
By Michael Enscore, 2021 NCHBA President
Michael Enscore

I hope your summer is off to a good start. The home building industry in North Carolina continues to grow and many of us are busier than ever. The fact that business continues to be healthy is a blessing because it comes despite some obstacles.

Skyrocketing lumber prices have become a mainstream issue on the minds of many Americans. NAHB estimates that, at their peak, soaring lumber prices increased the price of an average new single-family home by $35,872. That is unprecedented. It’s also incredibly harmful to housing affordability.

In June, several NCHBA leaders including myself, President-Elect Wes Carroll, First Vice President Brandon Bryant, Immediate Past President Mark Martin, Executive Vice President Tim Minton, and past president and candidate for NAHB Third Vice Chairman Buddy Hughes traveled to Washington, DC to speak with several members of Congress about lumber.

We met with Senator Thom Tillis, Representative Virginia Foxx, Representative David Price and Representative Patrick McHenry. We urged each of them to take part in resolving the serious supply chain and lumber-related issues that are negatively impacting the home building industry and making homes out of reach for many buyers.

We had great conversations and mentioned specific actions they could take to alleviate the crisis. To read more about our trip to Washington, DC, turn to page 8 in this issue.

At the moment, lumber prices appear to be showing signs of falling back to earth –though the actual prices builders are paying remain higher than headlines suggest. We cannot let up the pressure on Congress, however. Demand for housing is high and the wild price volatility of lumber is an unsustainable cycle.

To learn more about lumber and other critical home builder issues, I hope you’ll register for the 21st Century Building Expo & Conference (21CBEC) coming September 21-23, 2021 to the Charlotte Convention Center. This year’s show is laser-focused on the issues that home building professionals need to know about. From the latest developments at the NC General Assembly this session to an economic forecast from NAHB’s Chief Economist, this year’s special events will be ones you can’t afford to miss.

(More PRESIDENT’S MESSAGE on page 5)