Energy Efficiency in Housing & Construction
National Association of Home Builders • • • • • • •
Founded in the early 1940s Voice of the American Housing Members Construct 80% of New Homes Federation of 700 State and Local Associations 140,000 Members 1/3 Builders and Remodelers 2/3 Representatives Affiliated with the Industry
Mission Statement NAHB strives to protect the American Dream of housing opportunities for all, while working to achieve professional success for its members who build communities, create jobs and strengthen our economy.
Overview • Housing Affordability • Existing American Housing Stock • Regulations, Mandates & Building Codes • Voluntary Efforts & Incentives
Housing Affordability • Housing affordability for single family homes at a 10-year low. • Only 61.4% of new and existing homes sold in Q1 of 2019 were affordable to families earing median income. • More stringent energy conservation requirements will significantly increase the cost of new homes and harm housing affordability. • Need Cost-effective & Market-driven Solutions
Existing Housing Stock • Majority of U.S. homes built before 2010. • Existing homes not as efficient as new homes. • Improving the energy efficiency of the existing housing stock would significantly reduce emissions and is a much more effective way to achieve energy savings than targeting new homes.
Regulations, Mandates & Building Codes • Regulations & mandates are costly • 25% of the final cost of a SF Home • >30% of the cost of a MF Home • More stringent building codes impact housing affordability and are impractical in many areas. • Measurable gains can be achieved in other ways.
Voluntary Efforts & Incentives • Invite efficiency, provide cost-effective options and create market demand. • Proven track record of success. • Reduce barriers to home modernization • Real estate valuations/transactions • Public-private partnerships • Tax incentives
Conclusion • Housing Affordability is Key • Mandates = High Price Tag & Unnecessary • Existing Housing Stock is Where the Biggest Impact can be Made • Keep it Local & Provide Options • Voluntary Action and Incentives have Proven Results