Podcast: Industry Leaders Tackle Supply Chain, Infrastructure Questions
On the latest episode of NAHB’s Housing Developments podcast, CEO Jerry Howard and Chief Lobbyist Jim Tobin welcome special guest Trey Northrup, CEO of LIXIL Americas, to discuss supply-chain issues, labor shortages, appliance demand, infrastructure and more. Northrup, along with LIXIL Americas, represent some of the biggest names in appliance suppliers, such as American Standard, Grohe and DVX. He has firsthand knowledge of the supply-chain bottlenecks and how the forthcoming infrastructure bill could impact businesses.
This can’t-miss episode will get you up to speed on what’s happening in the industry, plus you’ll hear the co-hosts’ predictions for today’s New Jersey and Virginia gubernatorial races.
Be sure to subscribe to Housing Developments wherever you listen to podcasts to get the latest updates on key housing news.
Editor’s note: This episode was recorded on Monday, Nov. 1, before the gubernatorial elections held on Nov. 2.
Latest from NAHBNow
Housing Finance
Nov 29, 2023
FHA Increases Loan Limits for 2024The Federal Housing Administration (FHA) has announced its loan limits for 2024. The nationwide rise in median home prices indicates most buyers across the country will see increases.
Housing Finance
Nov 28, 2023
FHFA Boosts Conforming Loan Limits for 2024The Federal Housing Finance Agency today announced that the maximum baseline conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2024 will rise to $766,550, an increase of $40,350 from 2023.
Awards | Technology
Nov 28, 2023
GIA Winners Show the Future of Home Building Technology is NowA motorized and lighted pergola, keyless smart doors for homes, and software that can design and price a home before construction begins. Those are some of the futuristic technologies that were honored in the Global Innovation Awards (GIA) program.
Latest Economic News
Economics
Nov 28, 2023
Home Prices Continue to Rise in SeptemberNational home prices continued to increase in September. Despite rising mortgage rates, limited inventory and solid but weakened demand provided solid support for home prices. Locally, all of 20 metro areas had positive home price appreciation in September.
Economics
Nov 28, 2023
Absorption of New Multifamily Units Rises as Completions Near 100K in Second Quarter of 2023The most recent release of the Census Bureaus’ Survey of Market Absorption of New Multifamily Units (SOMA) reported that of the 99,290 unfurnished, unsubsidized apartments completed in the second quarter of 2023, 65% were absorbed into the market in the first three months following completion. 83% of 3,467 condominiums completed in the second quarter were absorbed within the first three months following completion.
Economics
Nov 28, 2023
No Change for Multifamily Missing Middle ConstructionThe missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties.
Economics
Nov 27, 2023
New Home Sales Weaken in OctoberElevated mortgage rates that averaged 7.62% in October per Freddie Mac, the highest rate since 2000, depressed buyer demand and pushed down new home sales in October.