NAHB Launches Podcast Hosted by CEO Jerry Howard and Chief Lobbyist Jim Tobin
This post has been updated.
NAHB today launched Housing Developments, a new podcast co-hosted by CEO Jerry Howard and Chief Lobbyist Jim Tobin, who will provide expert analysis on the latest news in the housing industry and inside NAHB. The show will also feature special guests who will share inside knowledge and unique perspectives on key issues impacting the industry.
In the the first episode, Howard and Tobin recap the International Builders' Show – including speeches given by HUD Secretary Dr. Ben Carson and congressional leaders – and discuss the state of Washington politics leading up to the 2020 election. Listen to the podcast here or at nahb.org/podcast.
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Confidence in the market for new multifamily housing weakened year-over-year in the third quarter, according to the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 41, down five points year-over-year, while the Multifamily Occupancy Index (MOI) had a reading of 69, also down five points year-over-year.
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New multifamily housing confidence weakened year-over-year in the third quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 41, down five points year-over-year, while the Multifamily Occupancy Index (MOI) had a reading of 69, also down five points year-over-year.
Mortgage application activity declined in October as the 30-year fixed mortgage rate rose sharply again. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, fell 14.1% month-over-month in October on a seasonally adjusted basis. Compared to a year ago, total mortgage applications were 39.8% lower.
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