Working Hard for a Bright Remodeling Industry
Hello. I’m Alicia Huey, the newly elected 2023 Chairman of the National Association of Home Builders. I am honored to represent you and the residential construction industry in this crucial role.
For those of you who were able to attend our International Builders’ Show (IBS) in Las Vegas this February, you heard how remodeling will be a key bright spot this year, much as it has throughout the years since the onset of COVID.
NAHB Chief Economist Dr. Robert Dietz expects remodeling to continue to outperform the rest of the residential construction sector, despite a pullback from consumers due to the elevated costs of materials and labor.
NAHB forecasts the remodeling sector will experience a slowing but nominal growth rate in 2023, and activity should pick up toward the latter half of the year when the Federal Reserve has signaled they plan to decelerate the pace of interest rates hikes.
IBS was super-charged with energy, new products, and tons of networking opportunities. I’m excited to lead the association’s advocacy efforts coming off such a successful event, one that shows the strength of a united industry.
Residential construction is a key driver of the nation’s health and economy. It is our collective responsibility to work with policymakers at all levels of government—and in partnership with the private sector—to address the multiple issues facing America’s current housing market.
I know when we work together, there is nothing that can stop us.
That includes addressing the supply price spikes and constraints that have hindered the home building and remodeling markets for the past two years, as well as a chronic labor shortage. We will have headwinds, but together we can accomplish what we need to.
I know I will work hard every day for our industry, as will the rest of the newly-installed 2023 NAHB leadership team. We will also work with all of you. I know when we work together, there is nothing that can stop us.
I’m honored and excited for this upcoming year. And as NAHB Chairman, I’m thrilled to bring my own 30-years of home building experience to the table and to join you on our journey to build and remodel homes across our nation that enrich communities and change lives.