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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Two or More Story Home Starts Rebound in 2024Over half of new single-family homes built in 2024 were two or more stories, according the recent release of the Census Bureau’s Survey of Construction (SOC). After declining in 2023, the share of homes started with two or more stories increased again in 2024, continuing the upward trend in place since 2020.
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May Private Residential Construction Spending DipsPrivate residential construction spending fell by 0.5% in May, marking the fifth straight month of decreases. This drop was primarily driven by reduced spending on single-family construction. Compared to a year ago, total spending was down 6.7%, as the housing sector continues to navigate the economic uncertainty stemming from ongoing tariff concerns and elevated mortgage rates.