Podcast: Trucking Industry Facing Similar Advocacy Roadblocks as Builders
Join the hosts of NAHB’s Housing Developments podcast, CEO Jerry Howard and Chief Lobbyist Jim Tobin, as they talk with American Trucking Association (ATA) President and CEO Chris Spear on the trucking industry’s key advocacy challenges. Tune in to hear how the ATA is tackling supply-chain disruptions, infrastructure policy changes, skilled labor shortages, over-regulation, the COVID response and more.
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Dec 11, 2024
Inflation Remains Sticky Despite Easing Housing CostsInflation picked up to 2.7% in November, while matching expectations, the last mile to the Fed’s 2% target proves to be the most challenging. Shelter costs continued to be the main driver of inflation, contributing nearly 40% of the monthly increase. However, the year-over-year change in the shelter index remained below 5% for a third straight month and posted its lowest annual gain since February 2022, suggesting moderation in housing inflation.
Economics
Dec 11, 2024
States and Construction Trades Most Reliant on Immigrant Workers, 2023As reported in a previous post, immigrants make up one in four workers in the construction industry. The share of immigrants is significantly higher (32.5%) among construction tradesmen. In some states, reliance on foreign-born labor is particularly evident, with immigrants comprising over 40% of the construction workforce in California and New Jersey, and 38% – in Texas and Florida.
Economics
Dec 10, 2024
Credit Still Tight, But Builders Finally Get Some Relief from Interest RatesIn the third quarter of 2024, borrowers and lenders agreed, as they have over most of the past three years, that credit for residential Land Acquisition, Development & Construction (AD&C) tightened.