Podcast: WOTUS Decision, Good Housing Data and Politics
In the latest episode of NAHB's podcast, Housing Developments, co-hosts CEO Jim Tobin and SVP of Communications Paul Lopez discuss the importance of yesterday's Supreme Court decision rescinding key parts of the Biden Administration's Waters of the U.S. (WOTUS) rule.
The pair also talk about some recent positive data for the housing and home building industry and the political landscape now that the Republican presidential nominee field is rapidly growing.
Listen to Housing Developments wherever you get your podcasts or watch a video of the full episode below.
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Latest Economic News
Mortgage rates increased in August as Treasury yields remained elevated amid persistent inflation concerns. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.67% in August, up 13 basis points (bps) over July.
The share of new homes with patios dipped below 61% for the first time since 2019, according to NAHB tabulation of data from the Survey of Construction (conducted by the U.S. Census Bureau with partial funding from the Department of Housing and Urban Development).
Private residential construction spending fell further in July, marking its fourth consecutive monthly decline.