Podcast: NAHB Legal Expert Sheds Light on Next Steps for WOTUS
In the latest episode of NAHB’s Housing Developments podcast, co-hosts CEO Jim Tobin and SVP of Communications Paul Lopez welcome VP of Legal Advocacy Tom Ward to help explain the implications of the recent Supreme Court decision that rescinded key parts of the Biden Administration’s “waters of the U.S.” (WOTUS) rule.
Ward provides insight into the new test to determine whether a wetland can be regulated under the Clean Water Act, after the Supreme Court rejected the previous significant nexus test. Learn more about the impact of the decision.
Listen to Housing Developments wherever you get your podcasts or watch a video of the full episode below.
Latest from NAHBNow
Confidence in the market for new multifamily housing weakened year-over-year in the second quarter, according to the Multifamily Market Survey (MMS) released today by NAHB. The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 43, down three points year-over-year, while the Multifamily Occupancy Index (MOI) had a reading of 74, down eight points year-over-year.
A series of fast-moving wildfires recently broke out in and around Spokane, Wash., causing widespread destruction. In response, the Spokane Home Builders Association is accepting donations to the Spokane Wildfire Disaster Relief Fund to provide support to the communities hit hardest by the wildfires.
Latest Economic News
Confidence in the market for new multifamily housing weakened year-over-year in the second quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices.
Re-escalation of the conflict in Iran pushed mortgage rates higher in July. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.54% in July, up 5 basis points (bps) over June. Since the conflict in the Middle East began, the 30-year mortgage rate has climbed by almost 50 bps.
Real GDP growth slowed in the second quarter of 2026, as a pullback in government spending and slower growth in investment and exports, more than offset stronger consumer spending.