Podcast: Has the Housing Upturn Begun?
In the latest episode of the Housing Developments podcast, NAHB CEO Jim Tobin and SVP Paul Lopez discuss two positive economic indices released this week: housing starts had a huge jump in May and builder confidence is in positive territory for the first time in 11 months. The co-hosts discuss the reality that these developments represent, including what this means for the inflationary environment in advance of Federal Reserve Chairman Jerome Powell’s testimony on Capitol Hill.
Listen to Housing Developments wherever you get your podcasts, or watch a video of the full episode below.
Editor’s note: Find more in-depth analyses on starts and builder sentiment data on NAHB’s economics blog, Eye on Housing.
Latest from NAHBNow
Builder confidence in the market for newly built single-family homes fell three points to 32 in September, according to the NAHB/Wells Fargo Housing Market Index (HMI) released today.
The need for a skilled labor force remains a top priority in the industry. This presents a unique opportunity for women across all levels of home building to make a significant impact on this niche sector.
Latest Economic News
Inflation in August remained sticky as renewed tensions with Iran continued pushing up oil prices, keeping pressure on the Fed to consider a rate hike at its upcoming meeting.
Existing home sales fell for the third consecutive month as record-high home prices and elevated mortgage rates weighed on buyers. Mortgage rates resumed an upward trend after the July ceasefire ended.
Residential building material prices, excluding energy, rose 0.2% in August and were up 5.1% from a year ago. Energy prices rose sharply in August, as prices for energy inputs to residential construction rose 6.6% over the month.