Podcast: An Industry Pulse Check
In the latest episode of the Housing Developments podcast, NAHB CEO Jim Tobin and SVP Paul Lopez take a look at home building from multiple perspectives — economic, policy and regulatory — and discuss what the current business environment means for housing in the short- and long term.
Listen to Housing Developments wherever you get your podcasts, or watch the video version of your hosts in-studio at the link below.
Editor’s note: Find more in-depth analyses on housing data on NAHB’s economics blog, Eye on Housing.
Latest from NAHBNow
Facing persistent inflationary pressures, the Federal Reserve unanimously decided at its September policy meeting to raise the federal funds rate to a target range of 3.75% to 4%.
Overall housing starts decreased 2.6% in August to a seasonally adjusted annual rate of 1.28 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Latest Economic News
Single-family housing starts rebounded in August, but production remains down 4.7% year to date as builders contend with rising construction costs, lot and labor shortages, and economic uncertainty.
The Federal Reserve raised the federal funds rate by 25 basis points at the conclusion of its September policy meeting, bringing the target range to 3.75% to 4%.
Higher mortgage rates, worsening labor shortages and rising material costs are weighing on builder sentiment.