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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Housing’s share of the economy was 15.7% in the third quarter of 2026, according to the latest estimates of GDP produced by the Bureau of Economic Analysis. This share is down from 15.8% in the second quarter and down from 16.0% a year ago. Residential construction, measured by residential fixed investment, fell for the sixth time over the past eight quarters.
The Federal Reserve’s preferred inflation gauge accelerated in September after holding at 3.0% for three consecutive months, complicating the Fed’s path to its 2% target. Consumer spending continued to be pushed up by elevated energy prices rather than income growth, driving the personal saving rate to the lowest level in nearly four years.
The U.S. economy grew at a faster pace in the third quarter of 2026, supported by stronger consumer spending, robust business investment, and increased government spending. However, residential investment remained a weak spot, highlighting the continued challenges facing the housing sector amid elevated borrowing costs.