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.
Latest from NAHBNow
Construction job openings declined in August. However, strength in certain subsectors like data center construction (up 46% year over year) is creating demand for construction workers.
NAHB’s Economics team is measuring how elevated costs across the residential construction industry impact the cost to build single-family homes. And we need your help.
Latest Economic News
The Federal Reserve’s preferred inflation gauge remained elevated in August, complicating the Fed’s path to its 2% target. Core PCE held at 3.0% year-over-year for the third consecutive month. Though the reading came in lower than expected, it’s not necessarily a sign of disinflation.
Consumer confidence in September plunged to the lowest level since April 2014 as consumers grew more pessimistic about current conditions and the economic outlook.
The number of open positions in the construction sector fell back in August per the Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The current level of open jobs is down from three years ago due to declines in construction activity, particularly in housing.