Podcast: 2022 Economic Outlook with NAHB Chief Economist
In the first Housing Developments episode of 2022, sponsored by Wells Fargo, NAHB Chief Economist Rob Dietz sits down with co-hosts CEO Jerry Howard and Chief Lobbyist Jim Tobin to provide his economic outlook for the year ahead. Tune in to hear Dietz’s predictions regarding the supply chain, lumber prices, interest rates, housing affordability and more.
And remember that you still have time to register for the International Builders’ Show, Feb. 8-10, in Orlando, where you can hear from Dietz and more NAHB staff experts live and in person.
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Latest Economic News
Oct 14, 2025
Custom Home Building Share Declines in 2024In 2024, 17.5% of all new single-family homes started were custom homes. This share decreased from 18.8% in 2023 and from 20.4% in 2022, according to data tabulated from the Census Bureau’s Survey of Construction (SOC).
Oct 13, 2025
Hispanics Comprise Nearly One-Third of the Construction Labor ForceDiversifying the construction labor force remains a key priority amid persistent skilled labor shortages. According to the 2023 American Community Survey, non-Hispanic White workers still account for the majority of the construction industry at 57%. Hispanic workers now represent nearly one-third of the labor force at 32%, followed by non-Hispanic Black workers at 5% and non-Hispanic Asian workers at 1.8%.
Oct 10, 2025
Vinyl Surpasses Stucco as Most Used Principal Exterior Wall MaterialIn 2024, vinyl siding was the most used principal exterior wall material for homes started. It holds just over a quarter share of homes, slightly surpassing stucco for the first time since 2018.