Pompeo Stands Tall with Home Builders
Former CIA Director and Secretary of State Mike Pompeo began his address to the NAHB Leadership Council today by thanking local home builders in Kansas who supported him earlier in his career when he ran for Congress, and he went on to express solidarity to home builders for all they do to strengthen America.
“The folks who are here from Wichita gave me some incredibly important support back when I first ran for Congress and that’s something I’ll always be grateful to them for,” said Pompeo.
He noted that housing and homeownership are critical to a prosperous and powerful American economy and that the strength of the nation’s economy lies with its small businesses.
“You as home builders know this and work every day to provide the American dream to our citizens.”
Despite global threats from China, Russia and North Korea, Pompeo projected strong confidence in the strength of America and the ideals that make this the greatest nation on earth.
“I am deeply confident we will get another 250 good years in America,” Pompeo said. “Our foundational institutions matter. It’s our churches, synagogues and little league teams, our chambers of commerce, local school boards and small businesses. These are the things that make America unique — and home building and homeownership are an important part of that equation.”
Latest from NAHBNow
Economics
Jun 09, 2026
Regulatory Costs Jump 40% in Five Years, Add $131,734 to New Home PricesA new study by NAHB finds that regulations at the federal, state and local levels add $131,734 to the cost of a new single-family home—26.4% of the average sales price of $499,500 as of January 2026.
Sponsored Content
Jun 08, 2026
7 Reasons Why Visibility Is Your Most Underrated Competitive Advantage Right NowIn slower markets, the builders who keep showing up often win — not because they're the loudest, but because they never go quiet. Those who have figured out the capital side of the business are more likely to maintain visibility.
Latest Economic News
Economics
Jun 09, 2026
Existing Home Sales Increased in MayExisting home sales rose to a five-month high in May as more first-time buyers stepped back into the market. The share of first-time buyer reached 35% in May, the highest since June 2020. However, sales remained weak compared to historical norms, with still-tight inventory continued to push up home prices.
Economics
Jun 08, 2026
Mortgage Applications Retreat in May, with ARMs Gaining ShareMortgage application activity declined again in May as higher mortgage rates continued to suppress the market, although adjustable-rate mortgages (ARM) gained some traction. According to the Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, applications fell 5.5% month-over-month in May on a seasonally adjusted basis.
Economics
Jun 05, 2026
U.S. Labor Market Remains Resilient in MayDespite rising inflation and ongoing economic uncertainty, the U.S. labor market remained resilient in May. Nonfarm payrolls increased for the third consecutive month, and the unemployment rate held steady at 4.3%.