16 Jul At NAHB’s Urging, White House Holds Supply Chain Summit

By: NAHB Now | Click here to read full article

NAHB’s efforts to engage the White House to convene a home building materials supply chain summit seeking out solutions to end production bottlenecks that have resulted in soaring material prices has borne fruit.

This afternoon, NAHB, along with a diverse group of stakeholders, participated in a virtual discussion hosted by the White House regarding current challenges across the home building supply chain, its implications for the broader housing market, and possible solutions. Administration officials participating in the event included Commerce Secretary Gina Raimondo, HUD Secretary Marcia Fudge, Assistant to the President and Director of the National Economic Council Brian Deese, Assistant to the President and Director of the Domestic Policy Council Ambassador Susan Rice, and Chair of the Council of Economic Advisers Cecelia Rouse.

Thanks to our ongoing efforts, the issue of rising material prices and supply shortages has been brought front and center to the Biden administration. NAHB stressed at this meeting that it is imperative that lumber mill producers boost production in order to meet rising demand.