Congress Averts Government Shutdown
The Senate and House have approved a stopgap spending bill that will avert an impending government shutdown by funding every federal government agency at current levels through Dec. 16, 2022. Absent congressional action, the government would have faced a shutdown at midnight tonight.
Of note to the housing community, the legislation will keep the National Flood Insurance Program (NFIP) funded through Dec. 16, 2022.
NAHB continues to work with Congress to achieve a long-term reauthorization of the NFIP, consistent with our policy, that will keep the program fiscally sound and let builders provide safe and affordable housing.
The measure also includes more than $12 billion in economic and military aid to Ukraine for its war against Russia.
Latest from NAHBNow
BUILD-PAC
Aug 15, 2025
Successful BUILD-PAC Events Raise $140,000Home builders associations (HBAs) across the United States are raising funds for BUILD-PAC, NAHB's bipartisan political arm, during its 2025-26 cycle. Two recent HBA events raised more than $140,000 combined.
Advocacy
Aug 14, 2025
NAHB Releases New Housing Favorability Assessment for HBAsLocal associations that complete the assessment will learn how their community compares to others and NAHB’s State and Local team will help the association develop a long-term plan to create a favorable housing environment in their community.
Latest Economic News
Economics
Aug 15, 2025
June Single-Family Permits Slumps, Multifamily GainsSingle-family housing permits continued a downhill trend for the sixth month in a row. The continuous decline in single-family permits highlights persistently weak housing demand, tied to affordability challenges like high mortgage rates.
Economics
Aug 15, 2025
Credit Conditions for Builders TightenFor the fourteenth consecutive quarter, builders and developers reported tighter credit conditions on loans for residential Land Acquisition, Development & Construction (AD&C) in NAHB’s quarterly survey on AD&C Financing.
Economics
Aug 14, 2025
Building Material Prices Rise in JulyPrices for residential building materials rose again in July, marking the largest year-over-year increase in over two years. The underlying price growth trend remained the same, with service prices continuing to grow at a faster pace than goods prices. Similar to last month, parts for construction machinery and metal molding/trim experienced significant price growth, as both increased over 25% compared to last year.